June 2022: Tuesday 14 June 2022 - 9:00am
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    Key features

    • A terraced building consisting of a shop (approx 1,259 sq ft) and two bedroom flat (approx 700 sq ft)
    • The shop is let to Ladbrokes Betting and Gaming Limited
    • In a Town Centre location
    • Nearby retailers include Oxfam Gails Bakery and McColls
    • Total current rent £38,000 per annum

    Additional information

    Tenure

    Freehold

    Accommodation

    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

    Ground Floor Shop Unit - Let on FRI terms at a rent for a term of 5 years from 22 September 2020 (tenant break 21.03.2023) at a rent of £26,000 per annum (reversion 2025)

    First and second floor maisonette Let on an Assured Shorthold Tenancy for a term of 12 months from 25.02.2022 at a rent of £12,000 per annum (reversion 2023)

    Planning

    The rear of the property may be considered suitable for residential redevelopment subject to obtaining all the necessary consents

    Rent

    Total current rent £38,000 per annum

    Notes

    Eight week completion available

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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.

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