140 Peascod Street

Windsor, Berkshire, SL4 1DS

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140 Peascod Street, Windsor, Investment For Sale - windsor-140peascod-001_600X338.jpg
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140 Peascod Street, Windsor, Investment For Sale - windsor-140peascod-017_600X338.jpg
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140 Peascod Street, Windsor, Investment For Sale - windsor-140peascod-602_600X338.jpg
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Fully let until 2033
Property Type Investment
Availability For Sale
Size 2,177 sq ft
Price Offers in excess of £1,100,000 plus VAT
Business Rates Grade Listed. The property is exempt if void.
Energy Performance Rating This property has been set as EPC exempt.
Reason: Listed building

Freehold Investment Sale. Offers invited in excess of £1.1 million (plus VAT) showing a 6% yield.

Location

The property is located on Peascod Street, with Windsor's highest footfall. Windsor is situated on the Waterloo and Paddington train lines close to Heathrow and London.

The town is one of the UK’s most popular tourist destinations. It is estimated around 7.6 million tourism day trips were made to Windsor in 2017. In total, approximately £441.8 million was spent on trips to Windsor and Maidenhead in 2017. Approximately £420.1 million directly benefited local businesses (Source: www.windsor.gov.uk).

Key Points

  • Within Windsor town centre Conservation Area
  • 5 yearly upward only rent reviews
  • Rental income £70,000 per annum
  • Prime retail location

The property is let to Hoofs & Hides Genuine Leather UK Limited (t/a Hoofs & Hides) for a term of 15 years from 25th March 2018, expiring on 24th March 2033. The lease is subject to a Schedule of Condition. The current passing rent is £70,000 per annum. The lease benefits from 5 yearly upward only rent reviews.

Accommodation

The property comprises a retail unit arranged over ground, basement and two upper floors. The upper floors provide ancillary accommodation. The following floor areas are for guidance only. Net Frontage 4.93m16’2” Gross Frontage5.26m17’3” Zone A26.29 sq m283 sq ft Zone B29.91 sq m322 sq ft Zone C9.29 sq m100 sq ft ITZA 469 Ground Floor Total65.49 sq m705 sq ft Basement24.15 sq m260 sq ft First Floor51.56 sq m555 sq ft Second Floor40.78 sq m439 sq ft Attic 20.25 sq m 218 sq ft Total202.24 sq m2,177 sq ft approximate area for guidance only.

Terms

The freehold is available to purchase at £1.1 million (plus VAT).

EPC

The property is Grade Listed, therefore an EPC is not required.