Retail premises for sale

Market Place, Wokingham RG40

Investment Consideration:
Vacant possession
VAT is not applicable to this property
Comprises three-storey commercial premises
First and second floor are self-contained and benefit from planning for 3 x 2-Bed Apartments
Total approved residential gia: 230 sq m (2,476 sq ft)
Development benefits from no S106 or cil payment
Property benefits from 4 parking spaces at rear
Situated in the heart of the town centre within short walk from Wokingham Train station
Nearby occupiers include Co-Op Food, HSBC, Boots, Ladbrokes, Nando`s and Clarks, amongst others.

Property Description:
Comprises three-storey commercial building arranged as a ground floor retail with self-contained ancillary accommodation at first and second floor. The property benefits from 4 parking spaces at rear and provides the following accommodation and dimensions:
Ground Floor: 167.7 sq m (1,805 sq ft)
Open plan retail, office rooms, storage, wc
First Floor: 171.9 sq m (1,850 sq ft)
Open plan ancillary, 2 rooms, wc
Second Floor: 82.2 sq m (885 sq ft)
3 rooms, wc
Total gia: 421.8 sq m (4,540 sq ft)

Development Opportunity:
Planning approved in July 2024 for conversion of first and second floor to 3 x 2-Bedroom Apartments, providing the following accommodation and dimensions:
First Floor:
Apartment 1: 89 sq m (958 sq ft)
2 bedrooms, kitchen/dining, living room, 2 bathrooms, storage
Apartment 2: 65 sq m (700 sq ft)
2 bedrooms, kitchen/living room, bathroom, walk in wardrobe
Second Floor:
Apartment 3: 76 sq m (818 sq ft)
2 bedrooms, kitchen, living/dining room, bathroom, storage
Total approved residential gia: 230 sq m (2,476 sq ft)

For more information, please refer planning No: 232241 on Wokingham planning portal:

Location:
Wokingham is a market town and civil parish in Berkshire, and is the main administrative centre of the wider Borough of Wokingham. The property is situated in the heart of the town centre within short walk from Wokingham Train station which provides direct and regular services to Reading and London (Waterloo Line). The nearby M4 motorway provides direct access into central London. The open spaces of Cantley Park are within walking distance to the north. Occupiers nearby including Co-Op Food, HSBC, Boots, Ladbrokes, Nando`s and Clarks, amongst others.