37-41 Denmark Street

Wokingham, RG40 2AY

37-41 Denmark Street, Wokingham, Investment For Sale - 3741 Denmark Street frontage.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - Floor Areas.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - 3739 Denmark St frontage.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - 41  41a Denmark St frontage 1.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - 3741 Denmark Street frontage.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - Floor Areas.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - 3739 Denmark St frontage.JPG
37-41 Denmark Street, Wokingham, Investment For Sale - 41  41a Denmark St frontage 1.JPG
Property Type Investment
Availability For Sale
Size 4,188 sq ft
Business Rates Upon enquiry
Energy Performance Rating Upon enquiry

Excellent Mixed Use Investment Opportunity

Location

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.

Key Points

  • Charming Period Property
  • Close to Denmark Street Car Park
  • Waking Distance to Train Station
  • Affluent Market Town

Description

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.

Terms

Available Freehold, subject to existing leases.

Rental Income

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.

EPC

37- 41 Denmark Street Band E - 116
41a Denmark Street Band D – 65

Legal Costs

Each party will be responsible for paying their own legal fees.

VAT

All figures quoted are exclusive of VAT which may be chargeable.