High quality trade counter investment let to Screwfix

 

Summary

  • Recently built trade counter investment
  • Passing rent of £100,000pax
  • Adjacent to Ascot station
  • Located in an extremely affluent catchment area
  • Screwfix Direct Ltd Covenant

Accommodation

The accommodation as originally let to Screwfix comprised the following areas on a GIA basis:

Namesq ftsq m
Ground - J3 1,916 178
1st - J3 original office 325 30.19
1st - J3 Landlord's mezzanine 1,228 114.08
Ground - J4 1,944 180.60
1st - J4 original office 325 30.19
1st - J4 Landlord's mezzanine 1,240 115.20
Total6,978648.26
Units J3 & J4, Ascot Business Park - IMG20240917WA0009.jpg

Location

The units are located close to the retail heart of Ascot and immediately adjacent to Ascot Station. It is also only a short drive to both M3 and M4 motorways. Ascot Business Park serves an extremely affluent catchment area.

Get directions from Google Maps

Further Information

Price Offers in excess of £1,500,000

Rates Payable £34,944 per annum approx, from April 2023.

Estate Charge £2,400 per annum Approximate figure for the year to end 2024

EPC Rating Property graded as C-C (71-72)


Description

Units J3 and J4 Ascot Business Park are let under a single lease to Screwfix Direct Ltd and each comprised ground floor storage, first floor purpose built offices and a high quality first floor mezzanine when let. Screwfix have made alterations documented under an Agreement for Lease. Pre mezzanine eaves height of 7m+ and designated parking in front of the units.

Viewings

By prior arrangement with the Sole Agents: Page Hardy Harris.

Terms

The virtual freehold is available for sale as an investment, with the benefit of a 999 year lease.

The units are let under a single 10 year lease to Screwfix Direct Ltd until June 2029, at a passing rent of £100,000 pax.

Legal Fees

Each party will be responsible for their own Legal Fees.

VAT

All figures are quoted exclusive of VAT, which we understand is chargeable.