Peach Street, WOKINGHAM

SUMMARY
AUCTION SALE 24 June 2025 - Freehold Retail and Residential Investment
Prime Town Centre Location
Rent Reserved £35,800 per annum.


DESCRIPTION
Freehold Retail and Residential Investment
Prime Town Centre Location
Rent Reserved £35,800 per annum.

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Location:
The property is located in this prime location within the heart of the shopping area of this prosperous Berkshire town. There are many major retailers within the vicinity to include Morrisons Daily, Poundstretcher, holland and Barrett together with other local and specialised retailers and a selection of bars and restaurants. The property itself is located on the south side of Peach Street close to the junction with Goatley Way which provides access to the rear parking/ yard and flat. Wokingham itself lies close to the junction of the A329(M) with the M4 motorway providing great road links. Public transport services include local bus routes serving the town and surrounding area, whilst the rail station is just over 0.5 mile from the property and provides a direct commuter service to London Waterloo.

No - 33 Peach Street
Accommodation
Retail Premises Comprising:
Retail Zone A 27.4 sq.m (294.9 sq.ft)
Retail Zone B 27.1 sq.m (291.1 sq.ft)
Internal Storage 13.5 sq.m (145.3 sq.ft)
Total 68 sq.m (731.9 sq.ft)
Rear Yard and Parking

EPC Rating/ Council tax
EPC: D

Tenancy
Let to Sally Salon Services Ltd for 10 years from 01/02/2018 on effective FRI terms.

Current Rent per annum
£22,000 +VAT

Notes
The lease provides for a rent review and tenants break option in 2023, neither of which were exercised/ carried out.


No – 33A Peach Street
Accommodation
Self-Contained Two Floor Maisonette Comprising:
First Floor: One Bedroom, Reception Room, Kitchen
Second Floor: One Bedroom, Bathroom/wc
Two Tandem Parking Spaces

EPC Rating/ Council tax
EPC: D

Council Tax: B

Tenancy
Let to a long standing tenant who is currently holding over on an assured shorthold tenancy which commenced 25/03/2020

Current Rent per annum
£13,800

Notes
The current rent of £1,150 pcm was set effective from 24/07/2024


Description;
The property comprises a mid-terrace building arranged over three floors. The ground floor provides retail space together with rear yard and parking area. Above this at first and second floors is a two bedroom self-contained maisonette with separate access to the rear of the building.

Note:
Sally Salon Services Limited has multiple outlets throughout the UK. The company (Co. Number 01060763) was incorporated in 1972. Filed accounts to September 2024 show the company had a turnover of £158.1M and a pre-tax profit of £3.013 Million.

Tota Rent Reserved
£35,800 per annum






Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.