StrapLine
Auction Sale - 29/05/2024A freehold bar investment secured upon a ground and lower ground floor unit together with a vacant office unit on first and second floors. Busy town centre location. Bar currently producing £23,000 per annum
Description
The property comprises a mid terrace building within a local parade of shops. The ground and lower ground floors are arranged as a bar and ancillary accommodation The first and second floors have separate access internally and provide office accommodation.
Location
The historic town of Windsor is located approximately 25 miles west of central London, 3.5 miles south of Slough and 21 miles east of Reading on the south bank of the River Thames. Home to HM The King, it is famous for its working castle, Windsor Great Park, Guards Polo Club and Windsor Racecourse. St Leonards Road runs south from Clarence Road to Osborne Road (A308). The property is on the east side and forms part of a busy parade at the northern end. The property is within short walking distance of the shops along Peascod Street, Windsor High Street and the station concourse development. There are various public car parks within walking distance.
Transport
Windsor is served by two train stations, Windsor and Eton Central and Windsor and Eton Riverside. The latter connects directly to London Waterloo. The former connects directly to Slough station which provides regular services to London Paddington. Access to the M4 Motorway at junction 6 (Slough) is around 2.4 miles to the north.
Tenancy
The ground and lower ground floors are let to TK Number 5 Limited on a 10 year lease from 22nd December 2014 expiring 21st December 2024. The current passing rent is £23,000 per
annum.
The ground and lower ground floors are subject to a NEW lease to TK Number 5 Limited for a term of 10 years at a rent of £23,000 per annum. Terms to be agreed imminently.
The first and second floor office suite is offered with vacant possession.
Accommodation
The property comprises
Bar
Ground floor - 369.13 sq.ft
Lower ground floor - 201.3 sq.ft
Office suite (separate internal access)
First floor - 187.80 sq.ft
Second floor - 242.75 sq.ft
Total 1,000.98 sq.ft