Location Estimated Resident Population: 119,000 Miles: 11
⁄2 Roads: A355, M4, M40
Position The property is located at the junction of Farnham Road (A355) and Farnburn Avenue, about 11
⁄2 miles north of
Slough town centre, connecting Junction 6 of the M4 to Junction 2 of the M40.
Nearby: Sainsbury’s, Iceland, Superdrug, Greggs, Pets at Home, Screwfix, Bathstore and BetFred
Description FOUR SHOPS arranged on the ground floor only with SELF-CONTAINED OFFICES (accessed from Farnham Road) arranged as four suites on the part first and second floors and two self-contained flats arranged on the part first and second floors, as well as mobile phone antennae attached to the roof. The property benefits from an extensive open car park to the rear with parking for about 45 cars.
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
Present Accommodation (approximate areas) Unit
177 Farnham Road
179 Farnham Road
183 Farnham Road
183A Farnham Road
Suite One Suite Two Suite Three Floor Net Internal Areas Tenant
Ground 90.6 sq m (975 sq ft) T KHALIQ ESQ (t/a Phone Kits) (1)
Ground 82.7 sq m (890 sq ft) DIGNITY FUNERALS LIMITED (2)
Ground 77.1 sq m (830 sq ft) MG BEAUTY LIMITED (t/a Affordable Laser Hair Removal)
Ground 90.6 sq m (975 sq ft) CONTRACT CLEANING SERVICE LIMITED (t/a Groom’s Florist)
First First
250.8 sq m (2,700 sq ft) HAINESWATTS (SLOUGH) LIMITED (3) with a guarantee from M DAVIDSON ESQ AND P SIMMONS ESQ
173.7 sq m (1,870 sq ft) FULL VACANT POSSESSION ON COMPLETION (4)
Second 209.0 sq m (2,250 sq ft) BRITVIC SOFT DRINKS LIMITED (5)
Term
Approx 5.5 years from 1st June 2010 (lease renewal), expiring 31st December 2015, with rent a review in December 2012
Approx 5.25 years from 13th October 2010, expiring 31st December 2015, with a rent review in December 2012
Approx 5 years from 20th May 2011 expiring 31st December 2015, with a rent review in December 2012
Approx 6 years from 15th June 2009, expiring 31st December 2015, with a rent review in December 2012
10 years from 1st May 2010, with a mutual break option in April 2015
–
Approx 5.5 years from 1st May 2010, expiring 31st December 2015, with a rent review in May 2012 and a tenant’s only break option in May 2012 and tenant break options monthly thereafter.
Suite Four
Telephone Mast
Telephone Mast
Residential (Flat 1A)
Residential (Flat 1B)
Second 227.6 sq m (2,450 sq ft) FULL VACANT POSSESSION ON COMPLETION
Roof Roof First Second
Total Commercial Area
– – – –
1,202.1 sq m
(–) (–) (–) (–)
(12,940 sq ft)
VODAFONE LIMITED
T-MOBILE (UK) LIMITED AND HUTCHISON 3G UK LIMITED
BERKSHIRE PROPERTY MANAGEMENT LIMITED
BERKSHIRE PROPERTY MANAGEMENT LIMITED
–
10 years from 1st September 2002
20 years from 15th July 2004. with a tenant break option on or after 15th July 2014
125 years from 2006 125 years from 2006 Total Rent
Rent £ p.a. £20,000
miles north of Slough town centre
11 miles north-west of Heathrow Airport 25 miles west of Central London
Planning The upper parts may be suitable for a possible change of use to residential, subject to the existing leases and usual consents. For further information, please contact Slough Borough Council, Landmark Place, High Street, Slough, Berks SL1 1JL. Tel: 01753 475111. Email:
enquiries@slough.gov.uk
Note This property is being marketed on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Viewings There will be two viewing dates for this property,Wednesday 26th October (10 a.m. – 12 noon) and Friday 4th November (10 a.m. – 12 noon). Viewings are strictly by appointment only on these dates. Please email your name, company name and telephone number to
sarah.butterworth@cbre.com to confirm which date and time you wish to attend.
£18,000
£18,000 Rent £17,000 £145,000 pa £26,400 – £22,400
ON THE INSTRUCTIONS OF T PERKIN AND M CREAMER OF CBRE ACTING AS JOINT FIXED CHARGE RECEIVERS
Prominent Retail, Office and Residential Investment
– £11,500 £11,500 £100 £100 £145,000
(1)
www.chicnwild.co.uk (2) T/a F G Pymm & Son, Dignity Funerals Limited were incorporated in 1894 and now own 567 funeral locations and operate 33 crematoria locations in the UK. They are a FTSE 250 Company listed on the London Stock Exchange with 2,400 employees. For the year to 12/10, they reported a turnover of £179.59 million, pre-tax profits of £42.3 million and net assets of £27.98 million. (Source:
www.dignityfunerals.co.uk and
www.risk-disk.com)
(3) HainesWatts are one of the UK’s top 20 chartered accountants, now having over 50 offices, 100 partners and in excess of 800 employees in the UK. (Source:
www.hwca.com) (4) Solicitors have recently been instructed in respect of a proposed new letting for this accommodation to the tenant of 183A Farnham Road (Grooms’ Florist). The new lease will be for a term expiring in December 2015 (outside the provisions of the Landlord and Tenant Act 1954) at a rent of £15,080 pa, subject to a rent deposit of £2,500 and a 16 week rent free period – please see legal documentation.
(5) Britvic plc is one of Europe’s leading soft drink companies, with brands including Robinsons, Tango and J2O as well as bottling agreements with Pepsi Co in the UK and Ireland. For the year to 10/10, Britvic Soft Drinks Limited reported a revenue of £867.3 million, pre-tax profits of £76.1 million and net assets of £307.3 million. (Source:
www.britvic.com and
www.risk-disk.com)
• Mixed use retail, office and residential property – approximately 12,940 sq ft
• Leases expire between 2015 and 2020 (subject to options)
• Additional rental increase (£15,080 pa) on letting of Suite Two
• Potential conversion of upper parts to residential (subject to consents) and Asset Management Opportunities
• 30Working Day Completion period available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at
www.cbre.co.uk/auctions. Seller’s Solicitor Reed Smith LLP. t: 0203 116 3000. e:
cwhitaker@reedsmith.com Ref: Ms C Whitaker.
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