Retail premises for sale in Dukes Ride, Crowthorne RG45

Location

Crowthorne is a popular and affluent village/town located between Wokingham (4 miles), Bracknell (4 miles) and Sandhurst (2 miles) possibly best known as the home of the independent school, Wellington College. Local shopping facilities include, a cafe, a dry cleaners, a bakery, hairdressers, a barbers and a chemist. The premises are opposite Wellington Business Park and just 2 minutes walk from Crowthorne Railway Station (on the Reading to Guildford line) which provides direct services to not only Reading and Guildford but also Gatwick Airport. There is a free public car park opposite.

Description

The property provides an attractive and prominent period terraced retail/”Class E” unit with a basement and a self-contained fully let 2 bedroom flat above. The flat has a separate private ground floor entrance at the front, off Dukes Ride, a separate lounge, bathroom and kitchen. The shop has been maintained to a good standard and provides an attractive retail space with a large glazed shop front, feature lighting, a recently fitted W.C. And some comfort cooling/air conditioning.

There is a good size rear parking area (space for 4/5 cars and accessed off Talavera Close) plus a separate workshop/store, which is accessed from the rear. The property is suitable for Retail, Office, Industrial, Clinic, Café/Restaurant and Leisure uses. The adjoining property was converted in 2021 to provide 3 x 1 bed flats with the shop retained. Further details are available from the sole agents.

Areas

Ground Floor Retail - 534 sq ft - 49.6 sq m
Ancillary Area - 331 sq ft - 30.8 sq m
Separate Workshop/Store - 330 sq ft - 30.7 sq m
Total Ground Floor Area Approx. - 1,165 sq ft - 111.1 sq m
First Floor Flat Area Approx. - 730 sq ft - 67.8 sq m
Total Approx. Floor Area - 1,895 sq ft - 178.9 sq m

The above areas have been calculated on a gross internal basis from measurements taken on-site, the area of the flat has been taken from historical records.

For sale/income

The property is for sale freehold. The ground floor shop is being offered at a rent of £19,000 per annum exclusive. The first floor flat is let on an AST at a discounted rent of £850.00 per month/£10,200 per annum. Finally, the rear storage/workshop is let on a rolling monthly basis at £350 per month (£4,200 per annum). Total potential income is therefore approx. £33,400 per annum. Further information is available from the sole agents.

Price

Offers are invited in the region of £480,000 plus VAT.

Business rates

We understand that the whole ground floor premises has a rateable value of £16,250. The small rate in the £ is 49.9p which will equate to a rates payable figure for the year April 22/23 of approx. £8,110.00. We understand the flat is Council Tax Band B.

Possession and viewing

Further details are available from the sole agents. Possession is subject to completion of legal formalities and the tenancies mentioned above and arrangements to look at the property can be made by contacting the sole agent, Nigel Dickason at DB Real Estate