ON BEHALF OF EXECUTORS
6 Week completion
Located in this town centre position, close to the junction with The Grove, opposite Betfred and adjacent to an Oxfam as well as a number of other multiples such as Nandos, Papa John's, Ladbrokes, Cash Converters and approx. 150 yards from the Observatory Shopping Centre.
The property benefits from excellent transport links being situated just over a mile of the M4 (Junction 6) which connects with the M25 (Junction 15) to the east.
Slough is a prosperous commercial town, located approximately 8 miles from Heathrow and approx. 20 miles from Central London.
A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first and second floors. In addition, the property benefits from the use of a rear service road, parking for 4 cars and a rear yard.
Ground Floor Shop
Gross Frontage 16'9"
Internal Width 16'5"
Shop Depth 33'0"
Built Depth 39'2"
First & Second Floor Flat
4 Bedrooms, Living Room, Kitchen, Shower Room/WC
(GIA Approx. 1,055 sq ft)
VAT is applicable on 80% of the purchase price of this Lot
The entire property is let on a full repairing and insuring lease to Balfour Convenience Stores Ltd (part of the Co-Operative Group (CWS) Limited - see Tenant Profile) (not in occupation) for a term of 25 years from 10th October 2000 at a current rent of £13,900 per annum exclusive.
Rent Review September 2017
The Co-Operative Group is the UK's largest mutual business. The Group operates from 4,800 retail trading outlets, employs more than 106,000 people and has an annual turnover of more than £13bn (source: www.co-operative.coop).
Note 1: The lessees are not currently trading from the property, but they have requested freeholder's consent to sub-let the property as a convenience store - refer to Auctioneers.
Note 2: There is potential to extend at the rear, subject to obtaining the necessary consents.