Easthampstead Road, Wokingham

The Ritz is a substantial former cinema building extending to approximately 20,403 sq ft, prominently positioned within the centre of Wokingham. The property is not listed, now fully vacant and offers a rare opportunity to acquire a landmark leisure asset with significant potential.

Arranged over ground, first and second floors, the property provides a mix of large open-plan auditorium space, ancillary offices, reception areas, storage accommodation and residential accommodation at second floor level. The accommodation lends itself to sub-division into self- contained areas, with individual spaces available to let on a per sq ft basis, offering flexibility for a range of occupiers.

The property benefits from on-site car parking to the front elevation, providing a notable advantage for a town centre location of this nature and particularly attractive for high- footfall occupiers. The scale, layout and character of the building make it particularly well suited to Leisure, Entertainment, Fitness, Educational or Faith-based occupiers, subject to the necessary consents. The property also benefits from a prominent town centre position within one of Berkshire's most affluent and well-connected market towns. A previous planning permission (Ref: 191573) was granted for the demolition of the existing building and redevelopment to provide 22 residential apartments. The permission has since lapsed and was not implemented.

Overall, the property presents a unique value-add opportunity for owner occupiers, investors or developers seeking a substantial commercial asset with strong alternative use potential.