FOR SALE BY AUCTION - LOT 22
INCOME PRODUCING INDUSTRIAL INVESTMENT
(New 10 year lease)
- Gross Income £75,000 pa
- New 10 year lease
- Potential 7.7% yield
- Ideal for Investor
- Modern units
Two modern warehouses of steel portal frame construction and block work elevations to a mono pitched roof. Dedicated parking is available to the front of the property. Access to the warehouses is via two full height electric roller shutter doors. Open plan and cellular offices are situated on the first floor fitted to a high specification.
EPC Rating: Refer to legal documents
Location
Slough is an important commercial centre with a population of some 110,000, situated approximately 21 miles west of London, 18 miles east of Reading and 32 miles south-east of Oxford. The town is well served by the M4 (Junction 6) which provides access to Bristol and South Wales to the west and London and the
M25 (Orbital) to the east which allows access to Heathrow and Gatwick International Airports. In addition, the M40 motorway is approximately 6 miles north of Slough which provides routes to the north of England. Slough’s main rail station gives direct services to London (Paddington).
The property is situated on a well established industrial estate, a short distance north of Slough town centre, close to Slough Railway Station and benefits from convenient access to the A4 and hence the M4 motorway.
Accommodation
Unit 1 - 3,946 Sq Ft (366.60 Sq M)
Unit 2 - 2,993 Sq Ft (278.06 Sq M)
TENANCIES
Unit 1 & 2 - Tenancy in place to UC Solutions Ltd for a new term of New 10 year FRI lease subject to a SOC to be signed prior to completion which will be a condition of sale. Tenant only option to terminate the lease in the 5th year having provided no less than 12 months prior written notice
Next rent review in year 5 RPI linked
Specification
Additional Information
*Guide Price: This is an indication of the seller's current minimum acceptable price at Auction. The guide price is given to assist prospective buyers 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.
*Please note that the following additional fees will apply to the purchase of your property:
1. A successful purchaser will have to pay a buyer's premium of £750 plus VAT directly to the Auctioneer
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to prospective buyers prior to Auction. Buyers will be will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty will have to be paid in addition to the sale price. Stamp Duty rates are available online
4. Prospective buyers must factor in solicitor fees and any survey fees
5. Insurance - it is the responsibility of the buyer to insure the property purchased from the date of exchange.