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1/5

Arches 1-4 and Boathouse, Coopers Close

Guide price

£40,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • High Yielding Light Industrial Investment
  • 4 x Railway Arches and Boathouse
  • Let to J. Tims and Sons Limited on 18 Year Lease
  • Lease Expired 01.01.2015 - Tenant Holding Over
  • Asset Management Potential Via Renewal
  • 2021 Rent Review Outstanding
  • Potential to Improve Rents
  • Investment Let at £5,950 p.a. (14.88% GIY on Guide Price)

Description

The property comprises a high yielding industrial investment opportunity with evident asset management potential.

Arranged as 4 x railway arches with a boathouse, the property is let to J. Tims and Sons Limited on a 18 year lease which expired 01.01.2015 and paying £5,950 per annum. We understand the tenant is continuing to occupy the premises and pay rent and is therefore holding over.

We therefore consider the property may offer asset management potential via renewal of the lease and improvement of rent. We understand the 2021 and 2024 rent reviews are currently outstanding, offering further asset management opportunities.

The property occupies a unique position on Staines riverside and is accessed from Coopers Close. The surrounding area is characterised by similar light industrial uses.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Arches 1-4 and Boathouse, Coopers Close

NEAREST STATIONS

National Rail

Staines Station

0.45 miles

National Rail

Egham Station

1.49 miles

National Rail

Ashford Station

1.99 miles

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Disclaimer - Property reference 93320CDE-33CC-4CA6-BF4B-754F55A88119. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.