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Restaurant to let in Wokingham

35 Peach Street, Wokingham, RG40 1XJ
To rent
£32,000 p.a.

COMMON USE CLASS: A3 Restaurants and Cafes, A4 Drinking Establishments, A5 Hot Food Take away

gray-point-commercial-property-consultants
This property is marketed by:
Gray Point Commercial Property Consultants

Key Features

  • Prime location in central Wokingham
  • 10 minutes from Reading & 30 minutes from West London
  • Assignment of lease £32,000 per annum (plus VAT)
  • Well-established restaurant premium in excess of £120,000
  • Potential for 40 covers if planned constructively
  • 2/3 bed flat on 1st floor with private rear access

Description

The restaurant is arranged over the ground floor, offering excellent natural light throughout, with storage room, WC and fully equipped kitchen facilities to the rear. There is potential for 40 covers if planned constructively. Residential accommodation occupies the 1st floor forming a 2/3-bed flat with private rear access. There is a premium for the restaurant as a going concern which includes fixtures, fittings, goodwill, and a well-established town centre business.

Location

Set within a prime location in central Wokingham, 30 minutes from West London and 10 minutes from Reading. Wokingham station is a short 15-minute walk away and the M4 and M3 are also nearby.

Accommodation

Restaurant: 787 sq. ft (73 sq. m) approx. NIA

Energy Performance

(EPC) Restaurant: 109 | E / Flat: 42 | E

Business Rates

The Rateable Value is: £18,750

*All applicants are advised to make their own enquiries with the local council.

Tenure

Available as an assignment of an existing lease. Rent review: Every 5th anniversary (2025/2030) Lease ends: 2036 Break: 2025 and 2030 with 6 months’ notice Inside the 1954 act Further information available on request.

Rent

£32,000 per annum (plus VAT)

*We believe that the building is VAT elected. Interested parties should make their own enquiries.

Lease Business Premium

In excess of £120,000

Turnover currently £6,000-£7,000 per week (business accounts to be discussed directly with owner) 


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