windsor town centre restaurant investment freehold for sale
[email protected] | 01753 851251 kemptoncarr.co.uk |
| @KemptonCarr
WINDSOR TOWN CENTRE RESTAURANT INVESTMENT FREEHOLD FOR SALE
Prime Restaurant Location Opposite Windsor Castle Close to River Thames
36-37 Thames Street Windsor| SL4 1PR
Price: £800,000
Rent: £50,800 per annum exclusive
Initial Net Yield: 6.0%
Further services Building surveying | Building defects and environmental analysis | Public sector consultancy | Valuations | Lease renewals and rent reviews Land sales, planning and development | Landlord and tenant services | Commercial property agency & acquisitions | Expert witness & litigation Project management and contract administration | Leasehold advisory | Commercial and residential property management | LPA receivership
Location 36-37 Thames Street is situated immediately opposite Windsor Castle and adjacent to the Theatre Royal in the heart of Windsor’s Town Centre Conservation Area. Thames Street is the prime location for a wide range of multiple restaurants and café tenants, including McDonalds, Zizzi, Pizza Express and Nandos. Thai Square and Giggling Squid (due to open Summer 2017) are located nearby in the same parade of properties.
Description A distinctive 3-storey building with a large, regular shaped restaurant on ground floor and kitchen/staff facilities at basement level. The first and second floors are separately accessed from Thames Street and have recently been the subject of conversion to 4 no. apartments. Approximate floor areas (NIA): Basement: Stores/Staff/Kitchen
1,018 sq ft
Ground Floor: Restaurant
1,099 sq ft
Tenure Our Clients are seeking offers for their freehold interest, subject to the Lease detailed below to the restaurant tenants and ground leases in respect of the residential upper parts:Floor Ground Basement
&
First & Second Floors
Use Restaurant
Residential (4 no. apartments)
Tenants Yuk Wah Lam & Yuk Chong Lam t/a Yangtze Restaurant T.B.A.
Lease Term 20 Years from 20.12.08
Rent p.a.x. £50,000 p.a.x.
Reviews 24 December 2018 & 2023
199 year leases
£800 p.a.x.
Fixed reviews every 25 years
th
VAT
Price
We are advised that VAT is not payable in respect of this property.
£800,000 subject to contract, representing a net investment yield of 6% (allowing for buyer’s costs of 5.75%)
Viewing For viewing and further information please contact sole agents:
Kempton Carr Croft Ron Gower - [email protected] David Pearce - [email protected] Mitchell Brooks - [email protected] 01753 851251
These particulars are believed to be correct but their accuracy is in no way guaranteed neither do they form any part of a contract. They are issued on the understanding that all negotiations are conducted, subject to contract, through Kempton Carr Croft. Finance Act 1989 – unless otherwise stated our prices and rents are quoted exclusive of VAT. Any intending purchases or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
| @KemptonCarr
WINDSOR TOWN CENTRE RESTAURANT INVESTMENT FREEHOLD FOR SALE
Prime Restaurant Location Opposite Windsor Castle Close to River Thames
36-37 Thames Street Windsor| SL4 1PR
Price: £800,000
Rent: £50,800 per annum exclusive
Initial Net Yield: 6.0%
Further services Building surveying | Building defects and environmental analysis | Public sector consultancy | Valuations | Lease renewals and rent reviews Land sales, planning and development | Landlord and tenant services | Commercial property agency & acquisitions | Expert witness & litigation Project management and contract administration | Leasehold advisory | Commercial and residential property management | LPA receivership
Location 36-37 Thames Street is situated immediately opposite Windsor Castle and adjacent to the Theatre Royal in the heart of Windsor’s Town Centre Conservation Area. Thames Street is the prime location for a wide range of multiple restaurants and café tenants, including McDonalds, Zizzi, Pizza Express and Nandos. Thai Square and Giggling Squid (due to open Summer 2017) are located nearby in the same parade of properties.
Description A distinctive 3-storey building with a large, regular shaped restaurant on ground floor and kitchen/staff facilities at basement level. The first and second floors are separately accessed from Thames Street and have recently been the subject of conversion to 4 no. apartments. Approximate floor areas (NIA): Basement: Stores/Staff/Kitchen
1,018 sq ft
Ground Floor: Restaurant
1,099 sq ft
Tenure Our Clients are seeking offers for their freehold interest, subject to the Lease detailed below to the restaurant tenants and ground leases in respect of the residential upper parts:Floor Ground Basement
&
First & Second Floors
Use Restaurant
Residential (4 no. apartments)
Tenants Yuk Wah Lam & Yuk Chong Lam t/a Yangtze Restaurant T.B.A.
Lease Term 20 Years from 20.12.08
Rent p.a.x. £50,000 p.a.x.
Reviews 24 December 2018 & 2023
199 year leases
£800 p.a.x.
Fixed reviews every 25 years
th
VAT
Price
We are advised that VAT is not payable in respect of this property.
£800,000 subject to contract, representing a net investment yield of 6% (allowing for buyer’s costs of 5.75%)
Viewing For viewing and further information please contact sole agents:
Kempton Carr Croft Ron Gower - [email protected] David Pearce - [email protected] Mitchell Brooks - [email protected] 01753 851251
These particulars are believed to be correct but their accuracy is in no way guaranteed neither do they form any part of a contract. They are issued on the understanding that all negotiations are conducted, subject to contract, through Kempton Carr Croft. Finance Act 1989 – unless otherwise stated our prices and rents are quoted exclusive of VAT. Any intending purchases or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
