Wokingham, RG40 2AY
|Size||4,188 sq ft|
|Business Rates||Upon enquiry|
|Energy Performance Rating||Upon enquiry|
The property is very well located close to the centre of the affluent market town of Wokingham. It faces the main entrance to the busy Denmark Street car park, just a couple of minutes walk from the Market Place and a short walk from the railway station that serves Reading and London Waterloo.
This charming period property offers an excellent mixed use investment opportunity. 37-39 Denmark Street is a Grade II listed brick and timber building, let to Heirs of Sanpa Spanish restaurant. It benefits from a large modern kitchen extension, outside store and secluded courtyard for al fresco dining. 41 and 41a Denmark Street comprises a brick built property that lies within the conservation are but is not listed. 41 is let to Denmark Street Barbers Ltd. 41a is a large 2 double bedroom apartment with separate access.
Available Freehold, subject to existing leases.
37-39 Denmark Street - Let to Heirs of Sanpa Limited until July 2025 at a passing rent of £50,000 per annum. Upward only rent review to market value in June 2020.
41 Denmark Street - Let to Denmark Street Barbers Ltd until May 2026, with a tenant break option in May 2021 at a passing rent of £25,000 per annum. Upward only Rent Review to market value in May 2021.
41a Denmark Street - Let on an Assured Shorthold Tenancy at a rent of £975 per calendar month.
37- 41 Denmark Street Band E - 116
41a Denmark Street Band D – 65
Each party will be responsible for paying their own legal fees.
All figures quoted are exclusive of VAT which may be chargeable.