Let to WH Smith Retail Holdings until 2025 (no breaks)
2020 break option removed
Pedestrianised town centre location
Neighbouring occupiers include Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays, Pret a Manger, Monsoon, Vodafone and Starbucks
Lot 10
Auction 14th February 2019
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles south-east of Windsor, 19 miles west of Central London, 21 miles north-east of Guildford
Roads
A30, M3, M4, M25
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
The property is prominently located in the heart of the town centre, on the south side of the busy High Street. The property benefits from its close proximity to both Two Rivers Retail Park and Elmsleigh Shopping Centre, with neighbouring occupiers including Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays Bank , Pret a Manger, Monsoon, Vodafone and Starbucks
Tenure
Freehold.
Location
Miles
6 miles south-east of Windsor, 19 miles west of Central London, 21 miles north-east of Guildford
Roads
A30, M3, M4, M25
Rail
Staines Railway Station
Air
London Heathrow Airport
Situation
The property is prominently located in the heart of the town centre, on the south side of the busy High Street. The property benefits from its close proximity to both Two Rivers Retail Park and Elmsleigh Shopping Centre, with neighbouring occupiers including Santander, HSBC, Caffè Nero, Greggs, McDonald’s, Barclays Bank , Pret a Manger, Monsoon, Vodafone and Starbucks
Tenure
Freehold.
Description
The property comprises a substantial and attractive double fronted retail unit comprising retail and ancillary accommodation on both the ground floor and first floor. There is also a basement providing storage accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
Band C
Description
The property comprises a substantial and attractive double fronted retail unit comprising retail and ancillary accommodation on both the ground floor and first floor. There is also a basement providing storage accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Eight Week Completion
EPC
Band C
Tenancy & Accommodation
Floor (3)
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground Ground First First First Basement
Retail Ancillary Retail Front office Ancillary Ancillary
566.03 sq m 93.60 sq m 174.55 sq m 260.42 sq m 40.48 sq m 58.90 sq m
10 years from 24/06/2015 on a full repairing and insuring lease
£131,000 (2)
(23/06/2025)
Totals
1193.98sq m
(12,853 sq ft)
£131,000 (2)
(1) Established in 1792 and currently occupies over 600 high street stores nationwide. For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 11/01/2019). (2) The current rent of £131,000 was rebased in 2015 at the lease renewal and was reduced from £145,000 per annum. (3) As to the dormer windows, there is no access to the space.