170 Burnham Lane, Burnham, Slough, Berkshire, SL1 6LE

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £455,000

  • Freehold mixed use building and rear double garage/store
  • Asset management opportunity
  • Part let to Tote Bookmakers Limited
  • Current rent £8,500 per annum

Addendum

170 Burnham Lane, Slough
The Searches state that No. 170B Burnham Lane is not connected to either mains water or drainage. This is incorrect and these services are connected. The rear garage/store does not have these services.

Viewings

10:30am on Tuesday 28 November 2017
2:00pm on Tuesday 5 December 2017

Details

Location

Miles: Slough 3 miles, Maidenhead 4 miles
Roads: A4, M4 (junction 7)
Rail: Burnham

Description

The property comprises a two storey building arranged as a ground floor betting office, separate rear self-contained office with kitchenette and shower and a self-contained first floor two bedroom flat that is accessed from the rear. There is also a rear double garage/store. A service road to the side of the property provides pedestrian and vehicular access to the rear office, flat and garage/store.

The property is situated on the east side of Burnham Lane, almost opposite the junction with Crosthwaite Way, within a busy neighbourhood parade providing a range of shops and food outlets including Nisa Local and Tesco.

Tenure

Freehold

Planning

Prior approval for change of use from Class B1(A) offices to to Class C3 residential (1 No Bedsit) was granted on 14/04/2014. This has now lapsed. We understand further, however, that if no external alterations are made then planning permission would not be required.
For further inquiries contact Slough Borough Council (01753 477 340) www.slough.gov.uk.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL £8,500
170 Burnham Lane Tote Bookmakers Limited (t/a Betfred) (2) (3) Ground Retail 48.49 522 Lease expired 21/11/2009 (holding over) £8,500
Vacant Ground Office/kitchenette/shower 20.62 222 Vacant
Vacant First Residential (1) 2 bedrooms Vacant
Vacant External Garage/store 74.32 800 Vacant
The retail area have been taken from the VOA website. (1) The flat was until recently let on an AST producing £750 pcm.
(2) The property has traded as a bookmaker since 1980.
(3) Tote Bookmakers Limited for the year ending 25/09/2016, reported a turnover of £141.19 million, a pre-tax profit of £16.98 million and a shareholders' funds of £52.76 million (source: Graydon).

Joint auctioneers

Lambert Smith Hampton

John Williams

01628 678 180

jwilliams@lsh.co.uk

Contact

Seller's solicitor

Harris & Harris

Kathryn Lander

01749 674747

kathryn.lander@harris-harris.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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