Old Row Court Rose Street Wokingham Berkshire RG40 1XU

  • Old Row Court<br>Rose Street<br>Wokingham<br>Berkshire<br>RG40 1XU

Old Row Court
Rose Street
Wokingham
Berkshire
RG40 1XU

Substantial Freehold Mixed-Use Investment

  • Comprises a Large Office Suite, Two Retail Units and a Car Park for Approximately 16 Cars
  • Let to Reider Connection Limited, H20 Limited and Zyxel Communications (UK) Limited
  • Approximately 679.50sq m (7,,315 sq ft)
  • Potential for Residential Development (subject to consents)
  • Central Location in Affluent London Commuter Town
  • Nearby Occupiers include Waitrose, Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an Eclectic Mix of Local Retailers
  • Lot
    15
  • Auction
    7th November 2024
  • Rent
    £169,800 per Annum Exclusive
  • Status
    Available
  • Guide*
    £2,000,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Substantial Freehold Mixed-Use Investment

  • Comprises a Large Office Suite, Two Retail Units and a Car Park for Approximately 16 Cars
  • Let to Reider Connection Limited, H20 Limited and Zyxel Communications (UK) Limited
  • Approximately 679.50sq m (7,,315 sq ft)
  • Potential for Residential Development (subject to consents)
  • Central Location in Affluent London Commuter Town
  • Nearby Occupiers include Waitrose, Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an Eclectic Mix of Local Retailers
  • Lot 15
  • Auction 7th November 2024
  • Rent £169,800 per Annum Exclusive
  • Status Available
  • Guide* £2,000,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
8 miles south-east of Reading, 19 miles north-east of Basingstoke, 38 miles west of Central London
Roads
A329, M3, M4
Rail
Wokingham Rail Station
Air
London Heathrow
Situation

Wokingham is an affluent London commuter town situated south of the M4 motorway and some 8 miles south east of Reading.. The property is situated in the heart of Wokingham town on the north side of Rose Street close to its junction with Broad Street.

Waitrose Supermarket is situated immediately behind the property and directly opposite is the new award winning Peach Place development including new retail, restaurants and recently developed residential apartments and townhouses. Nearby occupiers include Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an eclectic mix of local retailers.

Tenure

Freehold.

Location
Miles
8 miles south-east of Reading, 19 miles north-east of Basingstoke, 38 miles west of Central London
Roads
A329, M3, M4
Rail
Wokingham Rail Station
Air
London Heathrow
Situation

Wokingham is an affluent London commuter town situated south of the M4 motorway and some 8 miles south east of Reading.. The property is situated in the heart of Wokingham town on the north side of Rose Street close to its junction with Broad Street.

Waitrose Supermarket is situated immediately behind the property and directly opposite is the new award winning Peach Place development including new retail, restaurants and recently developed residential apartments and townhouses. Nearby occupiers include Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an eclectic mix of local retailers.

Tenure

Freehold.

Description

The property comprises a modern mixed-use building with 2 ground floor retail units and a self contained office suite on the first and second floors.

The property also benefits from a car park to the north east with parking for approximately 16 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a modern mixed-use building with 2 ground floor retail units and a self contained office suite on the first and second floors.

The property also benefits from a car park to the north east with parking for approximately 16 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review (Reversion)
1 Old Row Court
and Car Parking Space
Ground Retail
109.97
(1,184)
REIDER CONNECTION LIMITED (CRN: 14985375) 10 years from 02/01/2024 (2)
£30,000
02/01/2029
(01/01/2034)
5 Old Row Court
and Car Parking Space
Ground Retail
96.20
(1,036)
H20 (HAIR TO ORDER -WOKINGHAM) LIMITED (CRN: 04906236) 10 years from 13/01/2023 (3)
£41,000
13/01/2028
(12/01/2033)
2 Old Row Court and Car parking Spaces Ground (part)
First
Second
-
Office
Office
-
241.71
231.62
-
(2,602)
(2,493)
ZYXEL COMMUNICATIONS UK LIMITED (CRN: 05061338) 5 years from 29/09/2024
£98,800
(28/09/2029)
Total Approximate Floor Area    
679.50-
(7,315)
   
£169,800
 

(1) The above floor areas have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) The lease provides for a tenants option to determine the lease on 01/01/2029
(3) The lease provides for a tenants option to determine the lease on 12/01/2028

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    01.11.24
    File Size
    73 MB
    Login to View
  • Brochure
    Updated Date
    21.10.24
    File Size
    5 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate Auctioneers
Hicks Baker 29 Castle Street
Reading
RG1 7SB
Giles Blagden 0118 955 7082 07785 763 986g.blagden@hicksbaker.co.uk
Seller's Solicitors
Russell-Cooke LLP 8 Bedford Row
London
London
WC1R 4BX
Brooke Clark 020 8394 6245brooke.clark@russell-cooke.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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