44/44A Rose Street

Wokingham, RG40 1XU

720 sq ft
For Sale
Development / Investment / Residential / Retail

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Freehold investment comprising a commercial unit with flat above with potential for residential conversion (STPP) for sale in Wokingham

Property Type Development / Investment / Residential / Retail
Tenure For Sale
Size 720 sq ft
Energy Performance Rating This property has been set as EPC exempt.
Reason: Listed building

Key Features

  • Investment property producing £17,120 per annum
  • Potential for residential conversion (STPP)
  • Town Centre location
  • 1 Parking space to the rear of the property
  • Grade II Listed

Location

The property lies on the north side of Rose Street, approximately 200 metres north east of Wokingham town centre. Wokingham is a market town approximately 8 miles to the east of Reading and circa 18 miles from Heathrow.

Wokingham train station is located approximately 0.5 miles walk from the property, which provides regular direct services to Reading and London Waterloo.

It is within a mixed-use area roughly opposite the entrance to Wokingham Medical Centre. It is within easy walking distance of many local amenities including shops, pubs, restaurants and gyms.

We would refer you to the location plan for further information.

Description

A copy of a site plan can be found within the particulars of sale, which shows the property's approximate boundaries edged in red.

The property is a two-storey Grade II Listed end of terraced property of brick construction, under a pitched clay roof.

In terms of its configuration, the property is currently split as a ground floor commercial unit with a WC. On the first floor is a two bedroom residential flat which is laid out as an open plan kitchen/living area, one double bedroom, a single bedroom and a shower room.

The property is well presented and in good order throughout.

To the rear of the property is 1 parking space.

The current building has a Gross Internal Area of approximately 66.98 sq. m. (720 sq. ft.)

We would refer you to the photographs of the property for further information.

Tenure

The property will be sold freehold with tenants in situ. Vacant Possession can be obtained if needed.

The current rents are £8,000 per annum (£666 pcm) for the commercial unit and £9,120 per annum (£760 pcm) for the flat.

Planning

At present, no recent planning applications have been submitted for the development of the property.

The lawful planning use of the existing commercial spaces falls within Use Class E (Non-residential Institutions) the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020 (SI 2020 No.757).

The property is Grade II Listed.

Any planning related queries should be directed to the Local Planning Authority: Wokingham Borough Council www.wokingham.gov.uk.

Rating

We understand the property is not currently included in the Valuation List for Business Rates.

VAT

We understand that the property is not elected for VAT.

Services

We are advised that mains electricity, gas, water and drainage services are connected to the property. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.

Method of Sale

The site is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the site from sale or to vary the method of sale at any time without notice.

Written offers for the property are invited.

Please refer to the Particulars of Sale for full details on the Method of Sale.

Viewings

All enquiries should be directed to the vendor’s sole agent. Please contact the agent to arrange a viewing.