Potential for enhancement to rear warehousing area (stp)
Indexed rent and open market reviews
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The premises are prominently located in Station Road, Wokingham close to the entrance of Wokingham railway station. Premises comprise detached shop property with the benefit of A5 takeaway use, food preparation and extensive ancillary storage areas together with rear access off Wellington Road. There is a good size flat above which is separately accessed and providing originally two bedroom accommodation which has been now adapted to provide four bedrooms, kitchen and WC. Freehold is available subject to an existing lease for an original term of 15 years from 12th July 2011 at a current rental of £25,100 per annum exclusive subject to indexation at 2% each year and subject to open market rent reviews every five years. Offers are invited for the freehold interest subject to the existing lease at a figure in the order of £500,000.
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