London Properties are pleased to offer to the market this well-established Indian restaurant with 2-bedroom upper parts situated Peach Street in Wokingham

19

Wokingham, RG

Price Asking Price £100,000

London Properties are pleased to offer to the market this well-established Indian restaurant with 2-bedroom upper parts situated Peach Street in Wokingham

LOCATION:

 

The Premises are is located in Peach Street in Wokingham & 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

 

 

 

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

 

 

 

USES:

 

Class E & the old A3/A4

 

 

 

PREMIUM:

 

£100,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill

 

 

 

RENTAL:

 

£32,000 per annum (plus VAT)

 

 

 

TERMS:

 

3 years left - Lease ends: 2036 - Rent review: Every 5th anniversary (2025/2030) - Break: 2025 and 2030 with 6 months’ notice - Inside the 1954 act

 

 

 

BUSINESS RATES:

 

The Rateables Value is: £18,750

 

 

 

SIZE:

 

Approximately 871 sq ft

 

 

 

OPENING HOURS:

 

7 day a week 5 p.m till 9:30 p.m

 

 

 

STAFF:

 

Owner managed with 5 staff

 

 

 

UPPER PARTS:

 

Residential accommodation occupies the 1st floor forming a 2/3-bed flat with private rear access

 

 

 

TURNOVER:

 

Current turnover in excess of £338,000 per annum

 

 

 

ACCOUNTS:

 

Business accounts to be discussed directly with owner on viewing

 

 

 

LEGAL COST:

 

To be confirmed

 

 

 

LOCAL AUTHORITY:

 

Wokingham Borough Council

 

 

 

ENERGY PERFORMANCE CERTIFICATE:

 

Energy Performance Asset Rating is 109 Rating. E copy of this property’s energy performance certificate is available on request

 

 

 

 

REFERENCE CHARGE:

 

 

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord

 

 

 

HOLDING DEPOSIT:

 

A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

 

 

 

AGENT NOTE:

 

London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 

 

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 

 

2. These details do not constitute any part of an offer or contract. 

 

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 

 

4. All rent prices, fees and charges are quoted exclusive of VAT

 

 

 

VIEWINGS:

 

Through London Properties by appointment only

 

 

 

Tenure  : Leasehold

    Additional Details

  • Reference number: Indian_Wokingham

Property Features

  • Furnishing: Furnished
  • Tenure: Leasehold
  • Current Occupant: External Tenant
  • Class: A3 : Restaurants and cafes
  • Size: 871
  • DaltonsBusiness Category: Indian Restaurants

More Information

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