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Shop to rent

Peach Street, Wokingham, Berkshire

Let Agreed £18,000 pcm

Property Description

Key features

  • Town Centre

Full description

DESCRIPTION/LOCATION:                                  52 Peach Street has been owned by the Bowyer Family for in excess of 100 years, most recently trading as a pet shop.  It has now been extensively refurbished with new-build to the rear, and offers an exciting opportunity for a retailer to establish a business or perhaps continue an existing business in Wokingham at an exciting time for the town – with regeneration underway and thousands of new houses being built.


                                                                                        The retail premises at the front have a central shop door with commanding window displays on either side and a further window display on a return frontage – facing the traffic in the one-way system.  An area to the rear of the shop is currently suitable for toilets/storage/kitchen dependent upon the occupier and whether or not they wish to take Unit 2 at the rear.  These premises enjoy an independent access from the back.


                                                                                        The second unit which is single storey with its own ‘front door’ and adjoins the front retail premises is new-build and finished to a high specification.  There are 3 UPVC windows, sink unit, central heating boiler and plumbing for toilet.  This area extends to about 235 sq ft.


SERVICES:                                                                   Mains water, gas, electricity and drainage are connected to the premises.  NB there is a 3 Phase electricity supply.


CAR PARKING:                                                          There are 2 spaces (in tandem) beside the building which will be available with this property.


PLANNING:                                                                 The current planning permission allows for the shop unit to be occupied as A1 Retail with the new-build single storey premises ancillary to this occupation.  The owner is likely to prefer a prospective tenant complying with the current planning permission.


LEASE DETAILS:                                                        A new internal repairing and insuring lease will be prepared on agreement of heads of terms.


RENT:                                                                            Unit 1 The retail premises £14,500 per annum

                                                                                        Unit 2 The office/ancillary accommodation £3,500 per annum


LEGAL FEES:                                                                Each party to be responsible for their own legal fees.


RATEABLE VALUE:                                                   £20,250 for both premises including 2 car parking spaces

                                                                                        UBR £48.5p in the £ (2014/15)


VIEWING:                                                                    Strictly by appointment with the owner’s agents


                                                                                        MARTIN & POLE

                                                                  Telephone 0118 936 2832


Folio No:                                                                                                                  NS/lea/36364/April2015



We have endeavoured diligently to ensure the details of this property are accurate.  We have not tested the services, appliances or fittings (if any) referred to in the details.  We recommend that each of the statements is verified and the condition of the property and of the services, appliances and fittings (if any) is investigated by you or your advisers before you finalise your offer or enter into a contractual commitment.

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