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61-63 Peascod St 1,937 sq ft Retail Unit Offered at £950,000 in Windsor SL4 1DE
PROPERTY FACTS
| Total Property Size | 1,937 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,937 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1909 |
| Costar Property Class | B |
| Total Property Size | 1,937 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 1,937 sq ft |
| Year Built | 1909 |
AMENITIES
- EPC - D
- Roller Shutters
- Air Conditioning
1 UNIT AVAILABLE
Unit 61-63
| Unit Size | 1,937 sq ft | Sale Type | Investment |
| Price | £950,000 | Tenure | Long Leasehold |
| Price Per sq ft | £490.45 | Net Initial Yield | 8.12% |
| Unit Use | Retail | NOI | £77,140 |
| Unit Size | 1,937 sq ft |
| Price | £950,000 |
| Price Per sq ft | £490.45 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.12% |
| NOI | £77,140 |
DESCRIPTION
The property comprises the ground floor retail element of a larger, mainly residential building, let as two lock-up shops with rear servicing.
SALE NOTES
Seeking offers in excess of £950,000 for the long-leasehold interest. 61 Peascod Street is let to Rush Networks (One) Ltd on an effectively FRI lease for a term
expiring 23 Sept 2029, at £42,000 p.a.x. and 63 Peascod Street is let to Singh Essential Ltd at £40,000 p.a.x. on an effectively FRI lease for a term expiring 6 July 2035, with a tenant only break option/rent review in July 2030. Our clients hold the premises on a 125-year headlease from freeholders, Royal Borough of Windsor & Maidenhead at a peppercorn ground rent, thus expiring in 101 years.
Interior Photo
Interior Photo
NEARBY MAJOR RETAILERS
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61-63 Peascod St
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