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Agent's details

37-41 Denmark Street

For sale: £1,250,000.00|4,188 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£1,250,000.00
SIZE4,188 Sq Ft
ADDRESS37-41 Denmark Street, Wokingham, RG40 2AY
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON9th July 2021

Description

Key Points

  • Charming Period Property
  • Close to Denmark Street Car Park
  • Waking Distance to Train Station
  • Affluent Market Town
  • Summary

    Excellent Mixed Use Investment Opportunity

    Description

    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.

    Location

    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.

    Terms

    Available Freehold, subject to existing leases.

    Rental Income

    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.

    EPC

    37- 41 Denmark Street Band E - 116 41a Denmark Street Band D – 65

    Legal Costs

    Each party will be responsible for paying their own legal fees.

    VAT

    All figures quoted are exclusive of VAT which may be chargeable.

    Location

    marker
    Location: 37-41 Denmark Street, Wokingham, RG40 2AY

    Wokingham (0.3 miles)

    Winnersh (2.3 miles)

    Winnersh Triangle (3.0 miles)

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