Peascod Street is the primary retail street in Windsor and No 95 is positioned on the west side within the pedestrianised section between the main entrance into Windsor Yards and Oxford Road. Nearby retailers include Laura Ashley, Caffe Nero, JoJo Maman Bebe and many independent retailers and restaurants.
The property comprises a very attractive three storey building with the benefit of A1/A3 mixed planning consent. Gail’s shop-fitting was completed in 2020, and includes retail and seating on ground floor with first floor bakery kitchen and further seating. The following approx. floor areas apply:
Ground floor: 116.7 m2 (1,256 ft2)
First floor: 89.8 m2 ( 967 ft2)
Second floor: 54.7 m2 ( 589 ft2)
Basement store: 35.3 m2 ( 380 ft2)
Total: 296.5 m2(3,192 ft2)
The premises are let on a FRI lease for a term of 15 years to 8th December 2034, with 5 yearly rent reviews and a tenant’s break option in 2029, at a commencing rent of £60,000 p.a.x. Gail’s Limited’s accounts to Feb 2022 showed a turnover of £100m, pre-tax profits of £19.5m and fixed assets of £25m. They have over 100 stores across the UK.
EPC Shop: C (63)
We are seeking offers in the region of £950,000 for the freehold interest.
Both parties’ legal costs to be borne by the purchaser. 06/23