Excellent Mixed Use Investment Opportunity
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.
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.
Available Freehold, subject to existing leases.
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.
37- 41 Denmark Street Band E - 116 41a Denmark Street Band D – 65
Each party will be responsible for paying their own legal fees.
All figures quoted are exclusive of VAT which may be chargeable.
Wokingham (0.3 miles)
Winnersh (2.3 miles)
Winnersh Triangle (3.0 miles)