49 - 51 High Street and 1 - 5 Goodman Place
Staines upon Thames
Middlesex
TW18 4QR

Freehold Retail Investment

  • 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
    14/Feb/2019
  • Rent
    £131,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 49 - 51 High Street and 1 - 5 Goodman Place<br>Staines upon Thames<br>Middlesex<br>TW18 4QR
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* More information on the term "price" can be found here

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.

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)UseFloor Areas (Approx)TenantTermRent p.a.xReview/
(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
(6,093 sq ft)
(1,008 sq ft)
(1,879 sq ft)
(2,803 sq ft)
(436 sq ft)
(634 sq ft)
WH SMITH
RETAIL
HOLDINGS
LIMITED (1)
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.

Property Documents

  • Site Plan
    Updated Date
    22.01.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 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 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Anchor House , 269 Banbury Road, Summertown
Oxford
OX2 7JF
Andrew Symington 01865 311 133asymington@bowerandbailey.co.uk

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