Freehold Motor Trade/Warehouse Investment with Index-Linked Rent Reviews
Let to Halfords Autocentres Ltd
Lease expires May 2036 (subject to tenant only break option)
5-yearly CPIH rent increases subject to a 1% collar and 3% cap (compounded annually) - next review May 2026 (3)
Site area of 0.08 Ha (0.19 Acres)
Site cover of 35%
Site underpinned by long term redevelopment value
Affluent residential location 500 metres from Staines Railway Station and 800m south of the town centre
Lot 4
Auction 13th February 2025
Rent £51,000 per Annum Exclusive
Status Available
Guide* £750,000
Sector Industrial, Motor Trade
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
5 miles south east of Windsor, 17 miles south west of Central London, 20 miles east of Reading
Roads
M25, M3, M4, A30
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
Staines-upon-Thames is a popular and affluent Surrey commuter town located 5 miles south east of Windsor and 17 miles south west of Central London, benefitting from excellent road communication links via the M25, M3 and M4 as well as being two miles south of Heathrow Airport. The property is located on the east side of Laleham Road, a predominantly residential area and some 500 metres from Staines Railway Station and 800 metres south of the town centre.
Tenure
Freehold.
Location
Miles
5 miles south east of Windsor, 17 miles south west of Central London, 20 miles east of Reading
Roads
M25, M3, M4, A30
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
Staines-upon-Thames is a popular and affluent Surrey commuter town located 5 miles south east of Windsor and 17 miles south west of Central London, benefitting from excellent road communication links via the M25, M3 and M4 as well as being two miles south of Heathrow Airport. The property is located on the east side of Laleham Road, a predominantly residential area and some 500 metres from Staines Railway Station and 800 metres south of the town centre.
Tenure
Freehold.
Description
The property comprises a purpose-built single storey, 7-bay workshop/garage of 3,737 sq ft on a site area of 0.08 Ha (0.19 Acres), with approximately 8 designated customer car parking spaces to the front and solar panels on part of the roof. The property benefits from a site cover of 35%.
VAT
VAT is applicable to this lot.
EPC
C57
Description
The property comprises a purpose-built single storey, 7-bay workshop/garage of 3,737 sq ft on a site area of 0.08 Ha (0.19 Acres), with approximately 8 designated customer car parking spaces to the front and solar panels on part of the roof. The property benefits from a site cover of 35%.
VAT
VAT is applicable to this lot.
EPC
C57
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas Approx sq m (4)
Gross Internal Floor Areas Approx sq ft (4)
Tenant
Term
Rent p.a.x.
Rent Review
Ground Mezzanine
Reception/Workshop Storage
266.46 80.71
(2,868) (869)
HALFORDS AUTOCENTRES LIMITED (1)
15 years from 26/05/2021 until 25/05/2036 (2) on a full repairing and insuring lease
£51,000
26/05/2026 and 26/05/2031 Linked to CPIH collared at 1% p.a. and capped at 3% p.a. compounded annually (3)
Total
347.17
(3,737)
£51,000
(1) There are over 300 Halfords Autocentres in the UK, that serve over 750,000 customers with a wide range of vehicle repair and maintenance services (www.halfords.com). Their accounts ending 29th March 2024, reported a turnover of £329.3m and shareholders funds of £12.4m. Halfords Autocentres (company no: 04050548) is a trading subsiding of Halfords Group PLC, with a market capitalisation of £310.4m (as of 16 December 2024). (2) The lease is subject to a tenant only break option on 26/05/2031, subject to 6 months’ written notice. (3) The current CPIH (Consumer Prices Index including owner occupier housing costs) is 3.2%, meaning the rent in May 2026 is due to increase to £59,699 per annum (based on the December 2024 CPIH figure). (4) Areas provided by the vendor
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.
