Deriaz Campsie
Deriaz Campsie
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Windsor & Maidenhead Investment, 19-23 Market Street, Maidenhead

Windsor & Maidenhead - Two Retail Investments Plus 24 Ground Rents
  • Type: Investment,Retail - ...
  • Availability: AVAILABLE
  • Ref: 479570
  • Size: 1022 - 4442 Sq Ft
  • Price: £1,720,000 - £1,720,000

Description
Located in secondary retail pitches in High Street Windsor and Market Street Maidenhead
Both are in easy walking distance of the mainline railway stations
and easy access to the M4 motorway
Windsor – Junction 6 (5 minute drive)
Maidenhead – Junction 8/9 (7 minute drive)

Location
Two retail investments for sale to include 3 tenanted shops and 24 residential ground rents with a total income of £109,400 p.a.
Reflecting an initial Yield of 6% (after deducting the usual purchasers costs) Reversionary Yield of approx. 6.5%

Accommodation
15 High Street – Let to Chancellors Estate Agents
1,156 sq ft

17 High Street – Let to Thai Spa
1,022 sq ft

Butler House Market Street Maidenhead – Let to Thames Antiques & Vintage
2,264 sq ft

Amenities
Freehold of the two lots £1.72m
Reflects an Initial Yield of 6% (after deducting purchasers costs)
Reversionary Yield of 6.5%

Services
Chancellors Estate Agents 10 year lease from October 2016 (Break April 2020) @ £45,000 p.a. exclusive

Thai Spa (Yossaya) 10 year lease from April 2018 @ £40,000 p.a. exclusive

Thames Antiques & Vintage (Mr N Stabler) 5 year lease from February 2015 @ £20,000 p.a. exclusive

Ground Rents
15-17 High Street Windsor
4 x @ £100 p.a. – 99 years from July 2002

Butler House Market Street Maidenhead
20 x @ £200 p.a. (No 1-14 135 years from 2006 No 15-20 135 years from 2017)

Total Income £109,400 p.a.

Viewing
Rateable Values
15 High Street Windsor – £38,500
17 High Street Windsor – £23.750
19-23 Market Street Maidenhead – £34,000

VAT
Each party to bear its own legal fees in this transaction.

Legal Costs
Unless otherwise stated all rents and prices referred to or quoted in connection with this property do not include VAT which may be chargeable.

Other
Strictly by prior appointment via the Sole Agents
Deriaz Campsie on 01753 854555

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