for sale retail, warehousing & yard investment approx...
TRANSCRIPT
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
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
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
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
Trinity Yard 59 St Leonards Roa SL4 3BX
Trinity Yard 59 St Leonards Roa SL4 3BX
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.