From
£495,000
Property for salePeach Street, Wokingham RG40
About this property
Investment let at £39,800
P.a. (8.04% giy on guide)
Ground floor let on a new 10 year lease from February 2023 on £26,000 p.a.
Two bedroom flat let on an AST on £13,800 p.a.
A terraced building consisting of a shop (approx. 1,259 sq ft) and two bedroom flat (approx. 700 sq ft)
Located in a busy and affluent Town Centre location
Possible further development to extend to the rear or subdivide the maisonette (subject to the requisite consents)
Nearby retailers include Gails Bakery, McColls & Pound Stretcher
6 week completion
Auction Sale - 18/04/2023
Of interest to Investors
A well located in the town centre, a mid terrace property arranged over three floor with a ground floor shop unit (let) and two bedroom self contained flat above (let).
Investment let at £39,800 per annum.
Description
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An attractive 3 storey mid terrace property forming part of a busy shopping parade comprising of a commercial unit on the ground floor and self contained 2 bedroom maisonette flat on the 1st and 2nd floor. The flat can be accessed from the rear via Goatley Way
Nearby occupiers include Gails Bakery, McColls, Poundland, Holland & Barrett and a wide selection of boutique and independent retailers.
Location
Wokingham is an affluent Thames Valley town situated approximately 38 miles west of London and 5 miles south east of Reading.
The property is situated at the junction of Easthampstead Road and Market Place.
Shopping facilities are available locally as well as a good selection of cafes bars and restaurants.
Recreational facilities can be found at Joel park which is a short distance away.
Nearby road communications are available via the A3 and A329 whilst junction 10 of the M4 motorway and junction 3 of the M3 are within easy reach.
Transport
National Rail - Wokingham
Tenancy
31 Peach Street - Grd Floor
- Let to rv pvt Limited (ta as Cake Box)
- 10 year lease from 20/02/2023
- Investment let at £26,000 p.a.
- 6 month deposit held on account
31A Peach Street - Maisonette (1st & 2nd Floor)
- Let to private individual
- 12 month AST from 25/02/2023
- Investment let at £13,800 p.a.
Accommodation
Please note the approximate areas have been provided by vendor and the property has not been inspected by Savills.
Ground Floor (Shop Unit) - Approx 1,259 sq ft
First and Second Floor Maisonette - Three Rooms, Kitchen, Bathroom/WC - Approx 700 sq ft
Total gia - Approx 1,959 sq ft
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