Forward Building, 44-46 Windsor Road, Slough, Buckinghamshire, SL1 2EJ

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold for £1,300,000

  • Freehold office investment
  • Potential for alternative use (subject to consents)
  • Significant mixed use redevelopment in the immediate area
  • 7,109 sq ft (660.42 sq m)
  • 14 car parking spaces
  • Current rent £63,274 per annum plus 3 vacant suits

Addendum

The lock up garage is included in the lease to Lebanon Property Trust (1936).

Viewings

Tuesday 4 July at 10.30 and Thursday 6 July at 15.00.

Details

Location

Summary: A substantial part let office building with potential for alternative use (subject to consent)
Miles: Central London 22 miles, Reading 20 miles, Maidenhead 8 miles
Roads: A332, M4 (junctions 5, 6 & 7)
Rail: Slough to London (Paddington) with fastest journey time of 17 minutes
Air: Heathrow Airport
Nearby Occupiers: Adjacent to Slough Baptist Church

Description

The property comprises a well maintained detached three storey office building of approximately 7,109 sq ft (660.42 sq m) arranged as excellent small office suites. There is on site car parking provided for 14 vehicles. There is also a single lock up garage included that is situated along the south west boundary.

The property is situated on the west side of Windsor Road almost opposite the junction with Herschel Street on the fringe of the town centre.

Tenure

Freehold

Planning

There could be potential for alternative use and interested parties will need to carry out their own due diligence and make further enquiries to Slough Borough Council (01753 475111) www.slough.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Note

We have been advised that the driveway that runs eastwards from Beechwood Gardens along the southern edge of the building is in separate ownership and is not included in the sale. There is however, a right of way over this driveway. Please refer to the legal documentation for further information.

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 660.42 7,109 £63,274
Front room, 44/46 Windsor Road Bridging Gaps (1) Ground Office 97.73 1,052 5 years expiring 25/12/2020 £17,000 25/12/2018
Middle room, 46 Windsor Road Pertemps Ltd Ground Office 85.93 925 3 years expiring 03/08/2018 £9,250 03/08/2018
Rear room, 46 Windsor Road Lebanon Property Trust (1936) Ground Office 50.54 544 3 years expiring 25/12/2020 £5,100
Rooms 1-5, 46 Windsor Road Quiddi Hub Ltd (2) First Office 66.33 714 3 years expiring 24/03/2018 £5,424
Rooms 6-8, 46 Windsor Road Awan Accountants & Co (UK) Ltd (3) First Office 39.48 425 5 years expiring 24/03/2020 £4,680
Rooms 9-11, 46 Windsor Road Remedy Support First Office 80.82 870 3 years expiring 24/12/2019 £12,500
Rooms 12-15, 46 Windsor Road AKD First Office 50.45 543 Holding over £5,600
Room one, Forward Building The Teacher Training Agency (4) Second Office 40.13 432 2 years expiring 01/08/2019 £3,720
Room two, Forward Building Vacant Second Office 50.07 539 Vacant
Room three, Forward Building Vacant Second Office 50.45 543 Vacant
Room four, Forward Building Vacant Second Office 48.49 522 Vacant
(1) A rent deposit of £10,200 is held. There is a tenant's break on 25/12/2018.
(2) A rent deposit of £1,200 is held.
(3) A rent deposit of £1,404 is held.
(4) A rent deposit of £2,232 is held. There is a tenant's break on 01/08/2018.

Joint auctioneers

Lambert Smith Hampton

John Williams

01628 678 180

jwilliams@lsh.co.uk

Contact

Seller's solicitor

Beor Wilson Lloyd

David Jones

01792 655178

david@bwl-law.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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