Cafe For Sale

lay by cafe, 380, London Road, Wokingham - £500,000



A well established and highly regarded business about 1 mile from Wokingham Town Centre.  The whole premises are offered with vacant possession but the Buyer will be able to take over the existing business, or if they prefer create an alternative business. The sale includes all the existing high-class equipment of the business and stock remaining on the day of completion. Possibly suitable for fish and chip restaurant and take away. Extensive unopposed thriving residential catchment area

Two independent self-contained units – commercial and residential. Large garden at the rear

The Commercial Property– 1400 square feet

Retail/Restaurant- 34 covers. Well equipped kitchen, staff area, dry storage area and outbuildings, approached either from the kitchen or with its own individual approach from the front. Storage/Outbuildings (including staff accommodation)  Garden Shed and a Summer House. The garden is an important feature of the property.

The First Floor Flat-843 square feet

3 bedrooms each independently approached from an inner hall, bathroom, large living room/dining room, kitchen, First Floor hallway with access to roof space. Independent ground floor access

 

FOR SALE BY PUBLIC AUCTION (unless previously sold)

on Wednesday 1st May 2019 at 2:30 pm

at Coppid Beech Hotel, John Nike Way, Bracknell, RG12 8TF

The Solicitors:  CJ Giles, Star Legal Services, Evolution House, 53 – 59 Peach Street, Wokingham RG40 1XP

Telephone: 0118 9781017    Email: Charles.Giles@star-legal.co.uk

 

380 London Road, Wokingham RG40 1RE

DESCRIPTION/LOCATION: 

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 probably 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.

There are relatively few commercial premises on this side of the Town, where there is a vast amount of passing traffic and a vast number of new houses being built.  Whatever business may operate from these premises, they will have a monopoly.

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) and is fully equipped for the current café use.  Some items will be included in the sale price but others will be listed separately on an inventory and will be available for purchase at that fixed price.  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.

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.

DIRECTIONS: Wokingham on the A329 London Road in the direction of Bracknell.  Immediately after passing Plough Lane turn left into the layby and the Café will be found towards the end on the left-hand side.

VIEWING: Strictly by appointment at the owner’s convenience. For further information about this property and to schedule an appointment, kindly contact Sarah Watson at our offices on 0118 936 2817 or by email w@martinpole.co.uk

THE CONDITIONS OF SALE: Are included in the Legal and Information Pack available from the Auctioneers prior to the Auction Sale and online at www.martinpole.co.uk.  A copy of the Conditions of Sale will be attached to these Particulars to form part of the Contract.

*  Property Auctioneers are required by the ASA to explain to prospective buyers the definitions of Price Guide and Reserve.  The Reserve is the minimum price set by the seller at which the auctioneer can sell the property.  The reserve can be set and agreed at any point up to the start of the auction or indeed can be changed during the auction.  The reserve can be lower than the guide price, the same as the guide price or up to 10% above the guide price.  In accordance with ASA guidelines the guide price can be changed at any time up to and including the day of the auction sale.  If the guide price is changed we will endeavour to advertise the new guide price at the earliest opportunity.  A list of final guide prices will be published in the auction room immediately prior to the sale.  This may be the first opportunity to publish changes.

 
IMPORTANT NOTICES

Identification of the Buyer

To accord with the Money Laundering Regulations 2003 and the Proceeds of Crime Act 2002:

No later than the date of the auction when the Memorandum of Agreement of the sale and purchase is to be signed we are required to see and keep copies of documentary evidence of the Buyer's identity and address.  If you intend to bid please contact us for further information of the documents required to be produced (full details of which are also given in the Information Pack available for intending Buyers) or if you prefer to register beforehand.

Buyer’s Fee

A charge of £500 (plus VAT), payable only by the successful Buyer, will be due to the Auctioneers, Martin & Pole, upon signature of the Memorandum of Agreement of the sale and purchase.  An appropriate VAT receipted invoice will be issued immediately after the day of the auction sale

Signing the Memorandum, Payment of the Deposit and Buyer’s Fee

The Buyer(s) will be required to sign Memorandum of Agreement attached to these Particulars, to pay the Deposit and Buyer’s Fee immediately after the fall of the hammer.  Payment of the deposit will only be accepted if made by cheque or bankers draft drawn on the account of the named Buyer and drawn on a UK clearing bank.

Property Details

We have endeavoured diligently to ensure the details of this property are accurate. We have not tested the services, appliances or fittings (if any) referred to in the details.

We recommend that each of the statements is verified and the condition of the property and of the services, appliances and fittings (if any) is investigated by you or your advisers before you finalise your offer to purchase, bid for the property or enter into a contractual commitment.

Stipulations

The property is sold with all faults and defects whether of condition or otherwise and neither the Seller nor the Agents of the Seller are responsible for any faults or defects or for any statements contained in the Particulars of the property prepared by the Agents.

The Buyer hereby acknowledges that he has not entered into this Contract in reliance on any of the said statements and he has satisfied himself as to the correctness of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the Seller or the said Agents in relation to or in connection with the property.



Martin & Pole Estate Agents

To discuss this property please call us on

0118 978 0777

Floorplan for lay by cafe, 380, London Road, Wokingham Floorplan for lay by cafe, 380, London Road, Wokingham

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