2-4 High Street Datchet Windsor Berkshire SL3 9EA

2-4 High Street
Datchet
Windsor
Berkshire
SL3 9EA

Freehold Retail and Office Investment

  • Comprises 2 ground floor retail units and 2 office suites on the first and second floors
  • Residential Redevelopment Potential of offices and car park (subject to consents)
  • Building Not Listed
  • 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
    13th July 2017
  • Rent
    £93,495 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,380,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Office Investment

  • Comprises 2 ground floor retail units and 2 office suites on the first and second floors
  • Residential Redevelopment Potential of offices and car park (subject to consents)
  • Building Not Listed
  • 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 13th July 2017
  • Rent
  • Status Sold
  • Price £1,380,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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
Air
Heathrow Airport
Situation

Datchet is an affluent and historic West London commuter town situated some 1.5 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 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
Air
Heathrow Airport
Situation

Datchet is an affluent and historic West London commuter town situated some 1.5 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 Costa Coffee and Coral.

Tenure

Freehold.

Description

The property comprises an attractive building with two ground floor retails units and office accommodation on the first and second floors. The property benefits from car parking for approximately 12 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 retails units and office accommodation on the first and second floors. The property benefits from car parking for approximately 12 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

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/
(Reversion)
2-4 Ground Retail
118.70 sq m
(1,278 sq ft)
PS LAMBA 10 years from
21/07/2014 (1)
£19,000 21/07/2015
21/07/2019
(20/07/2024)
4 Ground Retail
66.70 sq m
(718 sq ft)
JMC RETAIL LIMITED
t/a Dancia Reading
5 years from
09/06/2017 (2)
£14,000 (3) (08/06/2022)
2 First Office
179.74 sq m
(1,935 sq ft)
AZULE LIMITED (4) 5 years from
01/03/2016 (5)
£27,000 (28/02/2021)
2 Second Office
197.54 sq m
(2,126 sq ft)
WE ARE MBC LIMITED 5 years from
01/03/2016 (5)
£33,495 (28/02/2021)
Totals  
562.68 sq m
(6,057 sq ft)
    £93,495  

(1) The 2015 rent review is outstanding.
(2) The lease provides for a tenant option to determine the lease on 08/06/2020.
(3) The current rent under the terms of the lease is £7,000 per annum exclusive. The lease provides for the rent to increase to £14,000 per annum exclusive on 01/03/2018. The seller has agreed to adjust the completion monies so that the property will effectively produce £14,000 per annum exclusive from completion of the sale. The seller is holding a £3,500 rent deposit plus VAT of £700.
(4) For the year ending 30/06/2016, Azule Limite reported a turnover of £20,417,713, pre-tax profits of £685,613 and a total net worth of £2,008,398 (Source: www.riskdisk.com 13/06/2017).
(5) The lease provides for a landlord and tenant option to determine the lease on 28/02/2018.

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Gunner Cooke LLP 53 King Street
Manchester
M2 4LQ
Eliot Lopian +44 (0)161 667 7015eliot.lopian@gunnercooke.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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