The property is situated on the southern section of Peascod Street which is the premier pedestrianised shopping road in Windsor. It is adjacent to Coral bookmakers and Rush hair salon, close to the new Gails Bakery unit and Specsavers. Windsor is an affluent shopping town offering a huge range of goods, services and leisure activities. It also has many tourist attractions including Windsor Castle and Windsor Great Park, both of which are within a short walk of the property.
This modern retail unit on ground floor is currently arranged as sales space with ancillary store/office and wc. It has a total floor area of approx. 935 sq ft (86.9 sq m). The shop benefits from rear servicing and is currently fitted out with suspended ceilings, timber-effect flooring and air conditioning in the sales area but is otherwise ready for a new occupier’s bespoke fitting-out.
A new lease is available on terms to be agreed at a guide rent of £45,000 per annum exclusive of business rates, building insurance, service charge, utilities and VAT (if applicable. The current annual building insurance premium for the property is approx. £360 + VAT – the policy is due for renewal in November 2020. There is no annual service charge; the apportioned cost of repairs to the retained parts of the building will be rechargeable on an “ad hoc” basis.
We are advised the property is elected for VAT so this will be chargeable on the rent and other sums due at the prevailing rate – currently 20%. The property has a Rateable Value of £35,000 with rates payable of approx. £17,500 before applicable reliefs for the 2020/2021 tax year. NB: The government has announced Zero Rates will be payable for the 2020/2021 tax year subject to status.
For further details, please call Dan Collins on 01494 683643 or e-mail firstname.lastname@example.org