For Sale Retail, Warehousing & Yard Investment Approx. 14,000 sq ft
For Sale
Retail, Warehousing & Yard Investment Approx. 14,000 sq ft
Yield of 5.31% (After costs of 6.8%)
Trinity Yard 59 St Leonards Road Windsor SL4 3BX
Mix of Retail, Offices & Yard
Retail, Warehousing & Yard Investment plus garaging For Sale approx. 13,821 sq ft Capital Value £160 sq ft
8 Garage/Stores £160 p sq ft Capital Value EPC C
Offers in Excess £2.2m Total Rental Income: £124,700 p.a.
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) First & Second floor offices 59 St Leonards (Windsor Radio Cars)
718 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
Terms
TOTAL 13,821 sq ft 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%)
Rates
Total Rental Income (subject to two lease completions) £124,700 p.a. exclusive (VAT not applicable) 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
Rent
TrinityTenancy Yard Schedule: 59 St Leonards Roa SL4 3BX
PROPERTY
TENANT
DESCRIPTION
59 St Leonard’s Road
Dennis Andrews
Retail
First floor
M Hanif t/a Windsor Radio Cars
Second floor
LEASE DETAILS
EXPIRY
RENT REVIEWS
RENT £
12 years from 01.06.2007
31.05. 2019
01.06.2010
18,000
Office
29.03.2013
15.05. 2018
15.05.2013
10,000
Mr Safir t/a Windsor Radio Cars
Office
29.06.2011
28.06. 2017
59a St Leonard’s Road
Vacant
Retail
Rear warehouse
MKO Cycles
Retail
10,000
COMMENTS
New 5yr lease outside act
Under offer at £18,000 p.a.
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
Right hand warehouse
Mr Ali (Urban Suite)
Retail
10 years from 19.02.2009
18.02. 2019
Retail
5 years from 01.10.2010
26/07/ 2027
19.02.2014
15,000
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
Garage 1
David Gibbons
Licence
1,250
Garage 2
Mr Ali
Licence 25.03.2009
1,250
Garage 3
Mr Ali
Included in lease
Retail
10 years from 25.12.2011
24.12. 2021
12,000
Payable quarterly
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.
Retail, Warehousing & Yard Investment Approx. 14,000 sq ft
Yield of 5.31% (After costs of 6.8%)
Trinity Yard 59 St Leonards Road Windsor SL4 3BX
Mix of Retail, Offices & Yard
Retail, Warehousing & Yard Investment plus garaging For Sale approx. 13,821 sq ft Capital Value £160 sq ft
8 Garage/Stores £160 p sq ft Capital Value EPC C
Offers in Excess £2.2m Total Rental Income: £124,700 p.a.
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) First & Second floor offices 59 St Leonards (Windsor Radio Cars)
718 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
Terms
TOTAL 13,821 sq ft 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%)
Rates
Total Rental Income (subject to two lease completions) £124,700 p.a. exclusive (VAT not applicable) 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
Rent
TrinityTenancy Yard Schedule: 59 St Leonards Roa SL4 3BX
PROPERTY
TENANT
DESCRIPTION
59 St Leonard’s Road
Dennis Andrews
Retail
First floor
M Hanif t/a Windsor Radio Cars
Second floor
LEASE DETAILS
EXPIRY
RENT REVIEWS
RENT £
12 years from 01.06.2007
31.05. 2019
01.06.2010
18,000
Office
29.03.2013
15.05. 2018
15.05.2013
10,000
Mr Safir t/a Windsor Radio Cars
Office
29.06.2011
28.06. 2017
59a St Leonard’s Road
Vacant
Retail
Rear warehouse
MKO Cycles
Retail
10,000
COMMENTS
New 5yr lease outside act
Under offer at £18,000 p.a.
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
Right hand warehouse
Mr Ali (Urban Suite)
Retail
10 years from 19.02.2009
18.02. 2019
Retail
5 years from 01.10.2010
26/07/ 2027
19.02.2014
15,000
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
Garage 1
David Gibbons
Licence
1,250
Garage 2
Mr Ali
Licence 25.03.2009
1,250
Garage 3
Mr Ali
Included in lease
Retail
10 years from 25.12.2011
24.12. 2021
12,000
Payable quarterly
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.
