2-4 High Street Datchet Windsor Berkshire SL3 9EA

2-4 High Street
Datchet
Windsor
Berkshire
SL3 9EA

Freehold Retail and Office Investment

Comprises 2 ground floor retail units and 2 office suites on the first and second floors
Residential Redevelopment Potential of offices and car park (subject to consents)
Building Not Listed
Affluent and historic location 2 miles east of Windsor and 20 miles west of Central London
Nearby occupiers include Costa Coffee and Coral

Lot
10
Auction
13th July 2017
Rent
£93,495 per Annum Exclusive
Status
Sold
Price
£1,380,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Office Investment

Comprises 2 ground floor retail units and 2 office suites on the first and second floors
Residential Redevelopment Potential of offices and car park (subject to consents)
Building Not Listed
Affluent and historic location 2 miles east of Windsor and 20 miles west of Central London
Nearby occupiers include Costa Coffee and Coral

Lot 10
Auction 13th July 2017
Rent £93,495 per Annum Exclusive
Status Sold
Price £1,380,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 2 miles east of Windsor, 3 miles south of Slough, 20 miles west of Central London
Roads: M4 (Junction 5), M25
Rail: Datchet Railway Station
Air: Heathrow Airport

Situation

Datchet is an affluent and historic West London commuter town situated some 1.5 miles east of Windsor, some 20 miles west of Central London and some 2 miles west of Junction 5 of the M4, which provides excellent access to Central London, the M25 and Heathrow Airport which is only 5 miles to the east. The property is situated in a prominent corner position on High Street, close to its junction with London Road and some 70 metres north of Datchet Railway Station. Nearby occupiers include Costa Coffee and Coral.

Tenure

Freehold.

Location

Miles: 2 miles east of Windsor, 3 miles south of Slough, 20 miles west of Central London
Roads: M4 (Junction 5), M25
Rail: Datchet Railway Station
Air: Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive building with two ground floor retails units and office accommodation on the first and second floors. The property benefits from car parking for approximately 12 cars. The property may further benefit from residential redevelopment potential of the offices and car park (subject to consents). We understand that the property is not listed.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversion)
2-4	Ground	Retail	118.70 sq m	(1,278 sq ft)	PS LAMBA	10 years from 21/07/2014 (1)	£19,000	21/07/2015 21/07/2019 (20/07/2024)
4	Ground	Retail	66.70 sq m	(718 sq ft)	JMC RETAIL LIMITED t/a Dancia Reading	5 years from 09/06/2017 (2)	£14,000 (3)	(08/06/2022)
2	First	Office	179.74 sq m	(1,935 sq ft)	AZULE LIMITED (4)	5 years from 01/03/2016 (5)	£27,000	(28/02/2021)
2	Second	Office	197.54 sq m	(2,126 sq ft)	WE ARE MBC LIMITED	5 years from 01/03/2016 (5)	£33,495	(28/02/2021)
Totals			562.68 sq m	(6,057 sq ft)			£93,495

(1) The 2015 rent review is outstanding.
(2) The lease provides for a tenant option to determine the lease on 08/06/2020.
(3) The current rent under the terms of the lease is £7,000 per annum exclusive. The lease provides for the rent to increase to £14,000 per annum exclusive on 01/03/2018. The seller has agreed to adjust the completion monies so that the property will effectively produce £14,000 per annum exclusive from completion of the sale. The seller is holding a £3,500 rent deposit plus VAT of £700.
(4) For the year ending 30/06/2016, Azule Limite reported a turnover of £20,417,713, pre-tax profits of £685,613 and a total net worth of £2,008,398 (Source: www.riskdisk.com 13/06/2017).
(5) The lease provides for a landlord and tenant option to determine the lease on 28/02/2018.