Commercial property for sale in Peach Street, Wokingham RG40
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Property features
- Investment let at £39,800
- P.a. (8.04% giy on guide)
- Ground floor let on a new 10 year lease from February 2023 on £26,000 p.a.
- Two bedroom flat let on an AST on £13,800 p.a.
- A terraced building consisting of a shop (approx. 1,259 sq ft) and two bedroom flat (approx. 700 sq ft)
- Located in a busy and affluent Town Centre location
- Possible further development to extend to the rear or subdivide the maisonette (subject to the requisite consents)
- Nearby retailers include Gails Bakery, McColls & Pound Stretcher
- 6 week completion
Property description
Strapline
Auction Sale - 18/04/2023
Of interest to Investors
A well located in the town centre, a mid terrace property arranged over three floor with a ground floor shop unit (let) and two bedroom self contained flat above (let).
Investment let at £39,800 per annum.
Description
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An attractive 3 storey mid terrace property forming part of a busy shopping parade comprising of a commercial unit on the ground floor and self contained 2 bedroom maisonette flat on the 1st and 2nd floor. The flat can be accessed from the rear via Goatley Way
Nearby occupiers include Gails Bakery, McColls, Poundland, Holland & Barrett and a wide selection of boutique and independent retailers.
Location
Wokingham is an affluent Thames Valley town situated approximately 38 miles west of London and 5 miles south east of Reading.
The property is situated at the junction of Easthampstead Road and Market Place.
Shopping facilities are available locally as well as a good selection of cafes bars and restaurants.
Recreational facilities can be found at Joel park which is a short distance away.
Nearby road communications are available via the A3 and A329 whilst junction 10 of the M4 motorway and junction 3 of the M3 are within easy reach.
Transport
National Rail - Wokingham
Tenancy
31 Peach Street - Grd Floor
- Let to rv pvt Limited (ta as Cake Box)
- 10 year lease from 20/02/2023
- Investment let at £26,000 p.a.
- 6 month deposit held on account
31A Peach Street - Maisonette (1st & 2nd Floor)
- Let to private individual
- 12 month AST from 25/02/2023
- Investment let at £13,800 p.a.
Accommodation
Please note the approximate areas have been provided by vendor and the property has not been inspected by Savills.
Ground Floor (Shop Unit) - Approx 1,259 sq ft
First and Second Floor Maisonette - Three Rooms, Kitchen, Bathroom/WC - Approx 700 sq ft
Total gia - Approx 1,959 sq ft
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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