76/78 High Street, Burnham, Slough
- SIZE AVAILABLE
1,015 sq ft
94 sq m
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed Use Investment
- Two Ground Floor Retail Units with an Office Suite to the Upper Parts
- Fully Let to Three Tenants
- Asset Management Potential
- ERV Approx. £45,000 per annum
- High Footfall Pitch in Affluent Town
- Investment Let at £24,100 p.a. (10.04% GIY on Guide Price)
- ERV Reflects 18.75% on Guide Price
Description
Arranged across ground and first floors, the Grade II listed building comprises two retail units to the ground floor with a self contained office suite to the first floor.
The property is fully let to three tenants, with the ground floor units let to a boutique clothing retailer and Romans Estate Agents. The first floor is let on a separate commercial lease and used as offices. The total rent is £24,100 per annum (please see the below Tenancy Schedule for more information).
A number of leases have recently expired or are nearing expiry, with the tenants continuing to pay rent and therefore holding over. We consider the property offers evident asset management potential via renewal of leases and improvement of rents. We consider the Estimated Rental Value (ERV) of the property to be in the order of £45,000 per annum.
The property occupies a prime pitch fronting Burnham High Street, an affluent commuter town benefitting from access to the Elizabeth Line. The surrounding area is characterised by a mix of boutique and national retailers with nearby tenants including Morrisons Daily, Ladbrokes and Costa.
Brochures
76/78 High Street, Burnham, Slough
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Burnham Station0.9 miles
- Taplow Station1.2 miles
- Maidenhead Station3.0 miles
Notes
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