April 2023: Tuesday 18 April 2023 - 9:00am
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Floorplan
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    Key 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

    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.

    Additional information

    Tenure

    Freehold.

    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


    Tenancy

    31 Peach Street - Grd Floor

    • Let to RV PVT Limited (TA as Cake Box)
    • 10 year lease from 21/02/2023
    • 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.

    Rent

    £39,800 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    Please note the photos of the maisonette have been taken before the tenant moved in and the property is now furnished.


    VAT may be applicable on the sale, however the sale may be able to be treated as a TOGC (Please refer to the legal pack)

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      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

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums