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

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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