icons_size_white icons_size

Virtual Freehold Retail Investment Let to Nationwide Building Society - Slough

For sale: £1,300,000.00|2640 Sq Ft|Retail

PROPERTY DETAILS

FOR SALE£1,300,000.00
SIZE2640 Sq Ft
ADDRESS308 Farnham Road, SL2 1BT
TYPERetail
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON13th November 2019

DESCRIPTION

ADDRESS: 308/314 Farnham Road, Slough SL2 1BT
• Retail Investment let to Nationwide Building Society since 1967
• Nationwide 2017 rent review outstanding with a rental increase of 15% expected • Prominent corner Location
LOCATION
Slough, with a population of 122,000, is located approximately 8 miles from Maidenhead and 7 miles south-west of Uxbridge. Junction 6 of the M4 Motorway is situated 2 miles to the south-west and Junction 2 of the M40 Motorway is situated 4 miles to the north at Beaconsfield. Nearby rail services are provided by Slough railway station (First Great Western) with services from London (Paddington) to Reading. Trains to London take between 17 minutes and 30 minutes. Heathrow Airport is situated 8 miles to the east.
SITUATION
Occupying a prominent corner position in this busy established parade the property is situated on the west side of the Farnham Road
(A355). Farnham Road is a mixed commercial location and nearby occupiers include Lidl, Sainsbury, Superdrug,Greggs,Prontaprint
and Subway
DESCRIPTION
The property is arranged as Ground Double shop corner, with 2 self-contained maisonettes and 2 garages
Parking for up to 6 cars at the rear of the property
ACCOMMODATION:
Ground Floor Shop: 2,640 Sq. Ft and 2 Flats above
TENANCY
Let to Nationwide Building Society for 10 year commencing October 2012 at a rent of £54,734 per annum on a FRI lease
Rent review in October 2017 is expecting to increase rent by 15% (Nationwide in occupation since 1967)
310-Flat let on AST for 12 months at £10,800 per annum
314 let on AST for 12 months at £ 11,400 per annum
RENT: £76,934 p.a. VAT: Not applicable
TENURE: Virtual Freehold -Held on 999 years lease from 1937 the long lease, therefore, has 919 years unexpired. A
peppercorn rent is payable on the ground lease throughout the term.
PRICE: Offers in excess of £1,300,000 – 5.6% Net

LOCATION

Location: 308 Farnham Road, SL2 1BT

Uxbridge (6.0 miles)

Hillingdon (7.3 miles)

Ickenham (7.8 miles)

Burnham (1.4 miles)

Slough (1.4 miles)

Taplow (2.7 miles)

AGENT'S DETAILS

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here