The property is very well located close to the centre of the affluent market town of Wokingham in Berkshire. It is 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.
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, and outside store and a secluded area for al fresco dining. 41 and 41a Denmark Street comprise a brick built property that lies within the conservation area, but is not listed. 41 is let to Denmark Street Barbers Ltd. 41a is a large, two bedroom apartment with separate access.
37- 41 Denmark Street Band E - 116
41a Denmark Street Band D - 65
Business Rates / Council Tax
37-39 Denmark Street
Rateable Value £33,000
Business Rates Payable 2019/20 £16,203
41 Denmark Street
Rateable Value £22,500
Business Rates Payable 2019/20 £11,047.50
41a Denmark Street
Council Tax Band C
Available Freehold, subject to the following 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 2020, 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.
Each party will be responsible for their own legal fees.
All figures quoted are exclusive of VAT which may be chargeable.
NOTE: These particulars are intended only as a guide to prospective Tenants to enable them to decide whether to make further enquiries with a view to taking up negotiations but they are otherwise not intended to be relied upon in any way for any purpose whatsoever and accordingly neither their accuracy nor the continued availability of the property is in any way guaranteed and they are furnished on the express understanding that neither the Agents nor the Vendors are to be or become under any liability or claim in respect of their contents. Any prospective Tenant must satisfy himself by inspection or otherwise as to the correctness of the particulars contained.