Investment for sale

VIRTUAL FREEHOLD RETAIL INVESTMENT FOR SALE
PEDESTRIANISED TRADING LOCATION
8.12% NET INITIAL YIELD
2025 LETTING SHOWING 12% INCREASE ON 2024
LOCATION
Peascod Street is the primary retail street in Windsor and No 61-63 is positioned on the east side within the pedestrianised section between
Victoria Street and Oxford Road, with rear servicing off James Street. Nearby retailers include Specsavers, Gails and many independent
retailers and restaurants.
DESCRIPTION
The property comprises the ground floor retail element of a larger, mainly residential building, let as two lock-up shops with rear servicing. The following approx. floor areas apply, and are provided for guidance only:
Shop 61 93.1 m2 1002 ft2 744 units ITZA
Shop 63 86.9 m2 935 ft2 631.75 units ITZA
TENANCIES & TENURE
61 Peascod Street is let to Rush Networks (One) Ltd on an effectively FRI lease for a term expiring 23 Sept 2029, at ｣42,000 p.a.x. and 63 Peascod Street is let to Singh Essential Ltd at ｣40,000 p.a.x. on an effectively FRI lease for a term expiring 6 July 2035, with a tenant only break option/rent review in July 2030. Our clients hold the premises on a 125-year headlease from freeholders, Royal Borough of Windsor & Maidenhead at a peppercorn ground rent, thus expiring in 101 years.
EPC No 61: B (42)
No 63: B (33)
TERMS
We are seeking offers in excess of ｣950,000 for the long-leasehold interest.
LEGAL COSTS
Both parties' legal costs to be borne by the purchaser.