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Spacious Commercial Freehold in Affluent Berkshire Market Town, Potential for Residential Conversion

Wokingham, Berkshire
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Large Freehold Commercial Property in a Highly Affluent Market Town in Berkshire Photo 1
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Large Freehold Commercial Property in a Highly Affluent Market Town in Berkshire Photo 6
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Large Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in BerkshireLarge Freehold Commercial Property in a Highly Affluent Market Town in Berkshire
  • Status

    FOR SALE

  • Date Submitted:

    02/02/23

  • Advert ID

    507707

  • Reference

    BPD231037 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £550,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Large Freehold Commercial Property in a Highly Affluent Market Town in Berkshire

This is a development opportunity and it may be possible to convert to residential throughout subject to planning permission.

A detached property of mainly rendered brickwork elevations beneath a tiled roof with a single storey brickwork extension at the front providing independent access to the First Floor flat and the Ground Floor commercial premises and also a good shop window.  There is off road parking immediately in front of the property and good parking for customers or residents in the lay by. The accommodation is much larger than it appears at first sight. The building is almost 50 feet deep and this allows three separate eating areas, mainly to the left-hand side of the building with a central kitchen and serving area.

This deceptive appearance extends to the First Floor where there are three independently approached bedrooms, a really good size lounge/dining room and of course a kitchen and bathroom. The flat has gas fired central heating with radiators throughout. There is pedestrian access to one side of the property to the storage areas and the garden beyond.


THE COMMERCIAL PREMISES:
The retail area extends to approximately 48’5m² (520ft²) with a depth of about 47’6ft and average width of approximately 11ft and this includes the serving area. The kitchen is an additional 150ft² (13’74m²). Double doors to decking. Toilet. Staff area 79ft², lobby with staff lockers, dry storage area, converted outbuildings of about 330ft² attached garden shed about 178ft², summerhouse.

THE FIRST FLOOR FLAT:
Bedroom 1–12’8 x 10’6ft with radiator and built in wardrobe.
Bedroom 2– 12 x 6’2ft with radiator and 2 sky lights
Bedroom 3– 8’6 x 7ft with radiator
Inner Hall Way
Lounge/Dining Room– 21 x 10ft average with windows on the front and side elevation, 2 radiators
Kitchen– 9ft x 8ft with good range of units including sink unit, worktops with cupboards and drawers below, wall mounted cupboards, window to one side
Bathroom with bath, wash hand basin and WC, radiator and window
First Floor Landing with window, access to roof space and radiator
Cupboard housing Ideal boiler for central heating and domestic hot water

GROUND FLOOR: 
Independent access with lobby and hallway including meter cupboard.

The Gardens:
There is off road parking at the front. Access beside the house to the rear garden which is well established and quite private. Plot 28ft wide x 160ft deep approx.

LOCAL AUTHORITY AND PLANNING: 
The property is within the administration area of Wokingham Borough Council. There are no recent online planning records registered against this property. Currently A3 Restaurant and Café use with permitted development for A1 Retail or A2 Financial and Professional Services. The property does not sit within a conservation/AONB  area and is not listed. Although we would cannot advise on the permissibility of redevelopment of the commercial part of the building for residential use there is no reason to believe such an application would not be successful. We would advise consultation directly with the local authority on this matter but the vendor is not considering a sale subject to planning permission as they require a quick sale.

SERVICES: Mains, water, gas, electricity and drainage are connected.

EER: To be advised    COUNCIL TAX BAND: Band B  RATEABLE VALUE: £11,000

TENURE: Freehold with vacant possession upon completion of the purchase.

Nearest stations:

Wokingham (1.6mi.)
Bracknell (2.3mi.)
Crowthorne (3.2mi.)

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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