The property is situated on a well established trade counter and industrial estate, a short distance from Slough town centre and close to Slough Rail Station and the A4. The property benefits from frontages onto Petersfield Avenue and Whittenham Close and from nearby occupiers including Magnet, Suzuki, Volvo and Kia Car Showrooms, Halfords Auto Centre and Akzo Nobel.
Tenure
Long Leasehold. Held from Slough Borough Council on a 125 year lease from
8th May 1979 at a peppercorn rent.
Location
Miles
18 miles east of Reading, 21 miles west of London, 32 miles south-east of Oxford
The property is situated on a well established trade counter and industrial estate, a short distance from Slough town centre and close to Slough Rail Station and the A4. The property benefits from frontages onto Petersfield Avenue and Whittenham Close and from nearby occupiers including Magnet, Suzuki, Volvo and Kia Car Showrooms, Halfords Auto Centre and Akzo Nobel.
Tenure
Long Leasehold. Held from Slough Borough Council on a 125 year lease from
8th May 1979 at a peppercorn rent.
Description
The property has been divided to provide two self-contained warehouses with an eaves height of approximately 5.5 metres (18 ft) and a total site area of some 0.254 hectares (0.63 acres). Unit 1 is accessed from Petersfield Avenue and benefits from a roller shutter door and a yard with parking to the front. Unit 2 is accessed from Whittenham Close and has two roller shutter doors and a yard with parking to the front. There is an electricity substation on site.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property has been divided to provide two self-contained warehouses with an eaves height of approximately 5.5 metres (18 ft) and a total site area of some 0.254 hectares (0.63 acres). Unit 1 is accessed from Petersfield Avenue and benefits from a roller shutter door and a yard with parking to the front. Unit 2 is accessed from Whittenham Close and has two roller shutter doors and a yard with parking to the front. There is an electricity substation on site.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversions)
1
Warehouse
527.62 sq m
(5,679 sq ft)
THAMES TYRE AND AUTO CENTRE LIMITED (1)
10 years from 15/09/2008 on a full repairing and insuring lease
£67,000
15/09/2013 (14/09/2018
2
Trade Counter
630.28 sq m
(6,784 sq ft) (3)
HOWDEN JOINERY PROPERTIES LIMITED (2)
20 years, 8 months & 19 days from 14/02/2001 on a full repairing and insuring lease
£53,824
14/02/2016 (01/11/2021)
Totals
1,157.90 sq m
(12,463 sq ft)
£120,824
(1) Thames Tyre and Auto Centre Limited started as Thames Tyre Co. Ltd approximately thirty years ago and continues to offer automotive services to their clients. (Source: www.thamestyres.com 18/09/2012) (2)For the year ending 24th December 2011, Howden Joinery Properties Limited reported a turnover of £33,235,000, pre-tax profits of £1,624,000 and a net worth of £2,209,000. (Source: www.riskdisk.com 18/09/2012) (3)This approximate area does not include a substantial mezzanine floor which we understand is a tenant’s improvement.
