64 - 65 High Street & 56a - 56B King Stable Street, Eton, Windsor, Berkshire, SL4 6AA

Location

The property is located within the famous town of Eton, in a prime position near to Windsor Bridge, which is a foot bridge that links Eton to Windsor.

The property is within walking distance of both train stations and near to ample on road public car parking.


Description

Originally 2 ground floor retail units which have been knocked through into one, with two flats above. The retail unit benefits from full width glazed frontage with open plan accommodation within, 2x WC and food prep storage area to the rear. The rear of the retail unit is also glazed, which leads to a small rear external seating area. The retail unit is well presented throughout.

Above the retail unit, with external rear access, two large 2-bedroom flats can be found. The flats are leased and managed by the commercial tenant, currently on AST agreements.

The residential accommodation is impressive by design and offer a modern living space within a period property.



Investment Details

A ground floor retail unit, occupied by a Costa Coffee franchisee, on a lease which commenced 7th August 2007 and renewed 28th September 2023 for a term of 15 years. The lease is subject to upward only rent reviews at each 5th anniversary of the term and a break date at the 10 anniversary.

The tenant is currently paying £71,000 per annum exclusive, on a repairing basis.

The tenant has the ability to sub let the upper parts to no more than two tenants, on tenancy agreements to not exceed 24 month terms. Subject to any lease that maybe in place, the flats in the future could be sold off in isolation.


Tenure Comments

The Freehold is being sold, with the benefit of the current tenant that has a single repairing lease over the whole.

Legal Costs

Each party to bear their own professional and legal costs incurred throughout the legal process.

VAT

Not elected for VAT.

Energy Performance Rating

65 High Street B
56a King Stable Street D62
56b King Stable Street D56

Located Near To Windsor Bridge

National Coffee Retailer Within The Ground Floor

High Quality Finish Throughout

Two Large Flats Above

Leased To A Single Tenant