Freehold Retail/ Office Investment and Development Opportunity
Prominent Building in the centre of Datchet
Comprises 2 ground floor retail units and 2 office suites on the first and second floors with rear car park for up to 11 cars
Residential Redevelopment Potential of offices and car park (subject to consents)
Building not Listed
Within 70 metres of Datchet Railway Station
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 3rd November 2022
Rent £96,188 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
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 (53 minutes to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
Datchet is an affluent and historic West London commuter town situated some 2 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 a number of local retailers and restaurateurs as well as 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 (53 minutes to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation
Datchet is an affluent and historic West London commuter town situated some 2 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 a number of local retailers and restaurateurs as well as Costa Coffee and Coral.
Tenure
Freehold.
Description
The property comprises an attractive building with two ground floor retail units and self-contained office accommodation on the first and second floors. Access to the office accommodation is provided by an entrance on Slough Road. The property benefits from car parking to the rear for approximately 11 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
The property comprises an attractive building with two ground floor retail units and self-contained office accommodation on the first and second floors. Access to the office accommodation is provided by an entrance on Slough Road. The property benefits from car parking to the rear for approximately 11 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.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term/License
Rent p.a.x./Income
Review/(Reversion)
4 High Street
Ground
Retail
66.70
(718)
FXUK LTD t/a The Laptop Doctor (1)
5 years from 27/07/2020 (2)
£14,000
(26/07/2025)
2 High Street
Ground
Retail
118.70
(1,278)
AN INDIVIDUAL t/a Datchet Food & Wine
10 years from 21/07/2014
£23,000
21/07/2023 (3) (20/07/2024)
2-4 High Street
First
Office
179.74
(1,935)
AZULE LTD (4)
5 years from 01/03/2016 Extended to 30/09/2023
£32,508
(29/09/2023)
2-4 High Street
Second
Office
108.51
(1,168)
TWIN PHOENIX LTD (5)
5 years from 05/09/2022 (2)(6)
£11,680
16/09/2023 15/09/2024 (6) (04/09/2027)
2-4 High Street
Second
Office
85.84
(924)
One year rent guarantee from completion
£15,000
Total Approximate Floor Area
559.49
(6,023) (7)
£96,188
(1) FXUK Ltd was incorporated in 2019. The Laptop Doctor are a well-known Computer and Smart Phone Repair Service in Datchet, Windsor and surrounding areas of Berkshire (www.thelaptopdoctor.co.uk). A deposit of £3,601.63 is held by the Seller. (2) The lease is outside of the security of tenure provisions provided by the Landlord and Tenant Act 1954. (3) The lease provides for a fixed rental increase on 21/07/2023 to £24,000 per annum exclusive. A deposit of £5,707.62 is held by the Seller. (4) For the year ending 30/09/2021 Azule Limited reported a Turnover of £2,157,596, a Pre-Tax Profit of negative £302,859 and a Net Worth of £143,547 (NorthRow 03/10/2022). Azule Finance provide specialist funding and leasing services to individuals and businesses working in broadcasting and media (www.azule.co.uk). They are wholly owned by PCG Bank which is listed on the AIM. A deposit of £9,302.65 is held by the Seller. The tenant has a right to use 5 parking spaces. (5) Twin Phoenix Ltd was incorporated in 2016. A deposit of £3,000 is held by the Seller. The tenant has a right to use 2 parking spaces. (6) The lease provides for a fixed rental increases to £12,500 p.a.x. on 16/09/2023 and £13,750 p.a.x. on 15/09/2024. The lease provides a mutual option to determine the lease on the first and third anniversaries of the term. (7)The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
