49 - 51 High Street and 1 - 5 Goodman Place Staines upon Thames Middlesex TW18 4QR

49 - 51 High Street and 1 - 5 Goodman Place
Staines upon Thames
Middlesex
TW18 4QR

Freehold Retail Investment

Let to WH Smith Retail Holdings until 2025 (no breaks)
2020 break option removed
Pedestrianised town centre location
Neighbouring occupiers include Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays, Pret a Manger, Monsoon, Vodafone and Starbucks

Lot
10
Auction
14th February 2019
Rent
£131,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to WH Smith Retail Holdings until 2025 (no breaks)
2020 break option removed
Pedestrianised town centre location
Neighbouring occupiers include Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays, Pret a Manger, Monsoon, Vodafone and Starbucks

Lot 10
Auction 14th February 2019
Rent £131,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles south-east of Windsor, 19 miles west of Central London, 21 miles north-east of Guildford
Roads: A30, M3, M4, M25
Rail: Staines Railway Station
Air: London Heathrow Airport

Situation

The property is prominently located in the heart of the town centre, on the south side of the busy High Street. The property benefits from its close proximity to both Two Rivers Retail Park and Elmsleigh Shopping Centre, with neighbouring occupiers including Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays Bank , Pret a Manger, Monsoon, Vodafone and Starbucks

Tenure

Freehold.

Location

Miles: 6 miles south-east of Windsor, 19 miles west of Central London, 21 miles north-east of Guildford
Roads: A30, M3, M4, M25
Rail: Staines Railway Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial and attractive double fronted retail unit comprising retail and ancillary accommodation on both the ground floor and first floor. There is also a basement providing storage accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

Band C

Description

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

Band C

Tenancy & Accommodation

Floor (3)	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground Ground First First First Basement	Retail Ancillary Retail Front office Ancillary Ancillary	566.03 sq m 93.60 sq m 174.55 sq m 260.42 sq m 40.48 sq m 58.90 sq m	(6,093 sq ft) (1,008 sq ft) (1,879 sq ft) (2,803 sq ft) (436 sq ft) (634 sq ft)	WH SMITH RETAIL HOLDINGS LIMITED (1)	10 years from 24/06/2015 on a full repairing and insuring lease	£131,000 (2)	(23/06/2025)
Totals		1193.98sq m	(12,853 sq ft)			£131,000 (2)

(1) Established in 1792 and currently occupies over 600 high street stores nationwide. For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 11/01/2019).
(2) The current rent of £131,000 was rebased in 2015 at the lease renewal and was reduced from £145,000 per annum.
(3) As to the dormer windows, there is no access to the space.