for sale retail, warehousing & yard investment approx...

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Yield of 5.31% (After costs of 6.8%) Mix of Retail, Offices & Yard 8 Garage/Stores £160 p sq ft Capital Value EPC C Trinity Yard 59 St Leonards Road Windsor SL4 3BX Retail, Warehousing & Yard Investment plus garaging For Sale approx. 13,821 sq ft Capital Value £160 sq ft Offers in Excess £2.2m Total Rental Income: £124,700 p.a. For Sale Retail, Warehousing & Yard Investment Approx. 14,000 sq ft

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Page 1: For Sale Retail, Warehousing & Yard Investment Approx ...bulkloader.prd.pl.artirix.com.s3.amazonaws.com/b532b931-8792-46… · Mix of Retail, Offices & Yard 8 Garage/Stores £160

Yield of 5.31% (After costs of 6.8%)

Mix of Retail, Offices & Yard

8 Garage/Stores

£160 p sq ft Capital Value

EPC C

Trinity Yard 59 St Leonards Road Windsor SL4 3BX

Retail, Warehousing & Yard Investment plus garaging

For Sale approx. 13,821 sq ft

Capital Value £160 sq ft

Offers in Excess £2.2m

Total Rental Income: £124,700 p.a.

For Sale Retail, Warehousing & Yard Investment

Approx. 14,000 sq ft

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Location

Located halfway down St Leonards Road opposite East Berkshire College. St Leonards Road

is a good secondary retail location and is a five minute walk to prime Peascod Street which

is the main shopping street in Windsor.

Windsor offers two mainline railway stations offering services to London Paddington (via

Slough) and Waterloo direct.

The M4 motorway (junction 6) is a five minute drive.

Description Retail, Warehousing & Yard Investment plus 8 garages for sale.

Investment Summary:

Located on the busy secondary area of St Leonards Road close to Windsor Town Centre

opposite East Berkshire College.

Windsor's population approx. 35,000

Windsor boasts two mainline railway stations serving Paddington and Waterloo.

Approx 13,821 sq ft of buildings including 2 retail shops and 8 garage/stores

Current Income £124,700 p.a. exclusive (vacant shop under offer/Cycle shop lease renewal

plus second floor office space under negotiations)

Yield of 5.31% (after deducting purchasers costs of 6.8%)

Freehold Investment with benefit of 7 tenancies (1 x pending)

Capital value of approx. £160 p sq ft

Accommodation

Ground floor shop 59a St Leonards Rd (Picture Framing) 718

First & Second floor offices 59 St Leonards (Windsor Radio Cars) 1,690

Ground floor shop 59 St Leonards Rd (under offer) 587

Ground floor rear retail warehouse (MKO Cycles) 2,917

Ground floor rear (RHS) retail warehouse (C&G Furniture) 2,069

Ground & First (RHS) showroom (Urban Suite) 3,100

First Floor (LHS) showroom (Urban Suite) 2,740

8 Garages

TOTAL 13,821 sq ft

Terms Offers in excess £2.2m for the freehold interest subject to the existing leases.

Offering an approximate Net Initial Yield of 5.31% (after deducting purchasers costs of 6.8%)

Rent Total Rental Income (subject to two lease completions) £124,700 p.a. exclusive

(VAT not applicable)

Rates Via Royal Borough of Windsor & Maidenhead

Legal Costs Each party to bear its own legal fees in this transaction.

VAT

Unless otherwise stated all rents and prices referred to or quoted in connection with this

property do not include VAT which may be chargeable.

Viewing Strictly by prior appointment via the Sole Agents Campsie - John Jackson on 01753 410709

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Trinity Yard 59 St Leonards Roa SL4 3BX Tenancy Schedule:

PROPERTY TENANT DESCRIPTION LEASE DETAILS EXPIRY RENT REVIEWS RENT £ COMMENTS

59 St Leonard’s Road

Dennis Andrews Retail 12 years from 01.06.2007

31.05. 2019

01.06.2010 18,000

First floor M Hanif t/a Windsor Radio Cars

Office 29.03.2013 15.05. 2018

15.05.2013 10,000

Second floor Mr Safir t/a Windsor Radio Cars

Office 29.06.2011 28.06. 2017

10,000 New 5yr lease outside act

59a St Leonard’s Road

Vacant Retail Under offer at £18,000 p.a.

Rear warehouse MKO Cycles Retail 10 years from 19.06.2006

18.06. 2016

19.06.2011 17,000

New 10-year lease at £18,700 p.a.

In progress

Rear R/H side warehouse

C & G Design Furniture

Retail 10 years from 19.02.2009

18.02. 2019

19.02.2014 15,000

Right hand warehouse

Mr Ali (Urban Suite)

Retail 5 years from 01.10.2010

26/07/2027

18,000

New 10 yr lease from 20/7/2017 inside the act

Yrs 1,2& 3 £18k p.a. Yrs 3 & 4 £20k p.a.

First floor L/H warehouse

Mr Ali Retail 10 years from 25.12.2011

24.12. 2021

12,000

Garage 1 David Gibbons Licence 1,250

Garage 2 Mr Ali Licence 25.03.2009

1,250 Payable quarterly

Garage 3 Mr Ali Included in lease

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Trinity Yard 59 St Leonards Roa SL4 3BX Garage 4 Mr Ali Included in lease

Garage 5 Mr Ali Included in lease

Garage 6 MKO Licence 03.11.2004

1,250 needs new licence

Garage 7 Bournes of London

Licence 1,250 needs new licence

Garage 8 C&G Design Included in lease

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Trinity Yard 59 St Leonards Roa SL4 3BX

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Trinity Yard 59 St Leonards Roa SL4 3BX

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Trinity Yard 59 St Leonards Roa SL4 3BX

Code of Practice

You should be aware that the Code of Practice for Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business

tenancy agreement. The Code is available through professional institutions and trade associations or through the website – www.commercialleasecodeew.co.uk

Disclaimer

Campsie Ltd for themselves and for the Vendors or Lessors of the property whose Agent they are give notice that: I) these particulars are given without responsibility of Campsie Ltd or the Vendors or Lessors as a general outline only, for the guidance of

prospective purchasers or tenants and do not constitute the whole or part of an offer or contract; II) Campsie Ltd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and any

other details contained therein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; III) no employee of Campsie

Ltd has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; IV) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers

or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; V) Campsie Ltd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.