Gateway to Wokingham set for revamp
Published: 19 Oct 2013 17:300 comments
Numbers 74-80 Peach Street and 19, 20 and 21 Cross Street have been acquired by property developer Jansons Property, from M7 Real Estate.
Andy Janson, managing director of Jansons, said: “Peach Street is the gateway to Wokingham and it’s not a great building. They’re quite run down.
“The shops are on short term leases; they’re expecting them to come up in the future.”
Emilio Sanchez, manager of Sanpa Spanish Farm Shop, at 78 Peach Street, is already vacating the premises after just over a year. Mr Sanchez explained that the changeover had prompted a premature end to the lease.
He said: “I’m moving closer to the town, to 6 Peach Street on November 12. I was supposed to move in December but moving in the Christmas period would be disastrous.
“I’m seeing this as an opportunity, I’m an optimist.”
While the office space and two of the three apartments are vacant, Northwood Estate agents is at 74 Peach Street and one remaining tenant in the flats above the shops.
No-one from Northwood was prepared to comment.
Jansons is in talks with Wokingham Borough Council over future plans for the space and Mr Janson said the details of precisely what will go there have not been worked out yet. Cllr Alistair Corrie, executive member for regeneration at the council, said: “As a key entrance to the town, if that could look more appealing that would be great.
“I’m really happy for the developers to talk to us about what they’re planning to do. This shows we’re moving in the right direction.”
Mr Sanchez said there were rumours that McDonald’s would be opening on the site.
Cllr Corrie said he would welcome the addition of the fast food chain to the town.
However, a spokesperson for McDonald’s said it had no plans at present to open a branch in Wokingham, but added the firm was “always looking to invest in new locations and are open to hear suggestions for potential sites”.