Vacant Retail Unit, Wokingham

Property Description

• The unit(s) have A1 (retail), A2 (financial & professional services), and A3 (restaurant/café) planning consent
• Wider use permissions falling under the more recently introduced ‘Class E’ from The Town & Country Planning (Use Classes)(Amendment) (England) Regulations 2020 are also believed to be possible, but interested parties are to satisfy themselves of this by speaking to the local planning authority
• Above the units are three storeys of residential apartments
• The units are in shell and core state with capped services
• There is the ability to split or combine the retail space from circa 1,000 sq ft upwards

Location Description

• Montague Park is located in the traditional affluent market town of Wokingham approximately 1 mile outside the town centre
• Montague Park comprises of approximately 650 dwellings. The development is now fully occupied and benefits from a primary school, local retail centre featuring a Co-op Food convenience store and local community centre, sports grounds and pedestrian / cycle access
• The South Wokingham Distributor Road passes through the development adjacent to the Local Centre

Additional information

• A fair and reasonable proportion of service charge will be payable for the maintenance and upkeep of the building, any common areas and the car park
• Business Rates will likely be payable, but the units are not yet assessed
• Energy Performance Asset Rating not yet assessed