February 19, 2020 Claire Dickinson

WINDSOR FREEHOLD INVESTMENT FOR SALE

The available property is located in Peascod Street, Windsor. Peascod Street is the primary retail street 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. Until recently, occupied by Jungs Patisserie, the property has now been let to Gail’s Bakery who are shop-fitting currently with a view to opening soon.

The property comprises a very attractive three storey building with the benefit of A1/A3 mixed planning consent. Prior to the alterations the premises consisted of ground floor sales with first floor casual seating areas and kitchen plus private offices and staff areas at second floor. Customer WCs are located at ground and second floors and there is a service core at the rear. 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 Ltd’s accounts to Feb 2019 showed a turnover of £47m, pre-tax profits of £1.15m and fixed assets of £15m. They have 58 stores across London & the South East. We are seeking offers in excess of £950,000 for the freehold interest. For further details, or to arrange a viewing, please call Philip Marsh on 01494 683642 or e-mail philip@pmcd.co.uk

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