July 2021: Wednesday 07 July 2021 - 9:00am
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    Key features

    • Detached two floor commercial building, retail and offices
    • Potential for conversion to residential or redevelopment subject to consents
    • Break clause provides potential for full vacant possession in December 2021
    • Producing £18,000 per annum with vacant possession of the first floor offices
    • Centrally located just off the high street
    • Approximate GIA 266 sq m (2,863 sq ft)

    Description

    A two floor brick built mixed use commercial building. The ground floor is retail and occupied by Wokingham Foodbank. The first floor has its own separate side access from the street and is arranged as offices. There are three garages to the side of the property included within the sale.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Retail area comprising a reception area to the front and offices/storage to the rear with staff WCs. Approximate gross internal area 133 sq m (1.432 sq ft)

    First Floor - Offices, a mix of open areas with several self contained office rooms and a store room. Male and female WCs. Approximate gross internal area 133 sq m (1.432 sq ft)

    Three garages one of which is a double unit.

    Tenancy

    Let to Wokingham Foodbank on a two year lease commencing 22 December 2020 with a break clause on 22 December 2021.

    Rent

    Total current rent £18,000 per annum with vacant possession of the first floor

    Notes

    VAT IS APPLICABLE ON THIS LOT

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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.

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      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 commuter town located approximately 33 miles west of Central London and 7 miles south east of Reading

      The property is centrally located and accessed off Broad Street close to its junction with Rose Street

      Convenient for all the amenities provided on Broad Street and Market Street - the main shopping area in the town and just to the north of the property

      Recreation amenities can be found at Elms Field

      Public transport includes Wokingham Station which provides a frequent and direct service to London Waterloo with journey time of approximately 1 hour

      Transport

      National Rail - Wokingham Station

      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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