140 Peascod St, Windsor

Retail storefront for sale in Windsor

£1,100,000 / 1,940 sq ft

Last updated 26 days ago

140 Peascod St, Windsor

£1,100,000 1,940 sq ft

Highlights

Prime investment opportunity
Unmissable freehold retail investment in the historic town of Windsor along the city's prime retail thoroughfare.
This building is fully tenanted with 12.7 years left on the lease, producing a rent of £70,000 per annum and a gross yield of 6.4%.
Superb footfall within the area, just 100m from Windsor Castle and close to Windsor Royal Shopping Centre.
Sitauted within one of the UK’s leading tourist destinations whereby 7.6 million tourism day trips were made to Windsor an Maidenhead in 2017.
Nearby occupiers include Starbucks, M&S, Wagamama, Boots, Gap and River Island, among numerous other multiples.

Features

24 hour access
Security system
Storage space

Full address: 140 Peascod St, Windsor SL4 1DS – Windsor
Asking price: £1,100,000
Links: Prideview group website link; Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available, measuring 1,940 sq ft.

Sale unit Available

Unit: Sale unit
Size: 1,940 sq ft
Price: £1,100,000
Price per sq ft: £567.01

The available space comprises of a ground floor shop area of 705 sf with 260 sf ancillary accommodation at basement level, storage on the first and second floors measuring 555 sf and 439 sf respectively, and a disused attic measuring 218 sf.
This building is currently fully tenanted with 12.7 years left on the lease, generating a rent of £70,000 per annum.
Reflecting a net initial yield of 6.0%, assuming purchasers’ costs of 5.55%.

More building details Less building details
Sale type	Investment
Tenure	Freehold
Net income yield	6.4%
Net operating income	£70,400

Property facts for 140 Peascod St, Windsor

140 Peascod Street comprises a Grade II Listed building arranged over ground, basement and two upper floors. This building is situated in the historic town of Windsor, located within the Royal Borough of Windsor and Maidenhead, 24 miles west of Central London, 20 miles east of Reading and 6 miles south east of Maidenhead. Internally, the retail area has been fitted out to a high standard by the tenant. There is also ancillary accommodation at basement level and storage on the first and second floors, and a disused attic. Windsor has a primary catchment population of 91,000 which is considered one of the most affluent within the UK. This is reflected in its per capital retail spending levels which are significantly above the UK average and population categorised within the most affluent AB social group. The Royal Borough is also one of the UK’s leading tourist destinations with sites including Windsor Castle, Windsor Great Park, Legoland and the nearby Ascot Racecourse as well as being home to Eton College. It is estimated that around 7.6 million tourism day trips were made to Windsor and Maidenhead in 2017. In total, approximately £441.8 million was spent on trips to Windsor and Maidenhead in 2017 and approximately £420.1 million directly benefited local businesses from hotels and restaurants to cafes, shops and attractions.

Building subtype: Retail storefront
Number of storeys: 4
Total building area: 7,152 sq ft
Rentable building area: 1,940 sq ft
Lot size: 0.02 acres
Construction material: Masonry
Year built: 1900
Parking: Surface, Surface tandem, Covered, Covered tandem, Reserved