SL1 478 - 480 Bath Road, Slough

Prominent Part Income Producing Warehouse Units (£465,000 per annum - Rent Review September 2027) with Secure Gated Yard

480 is income producing £500,000 pa, can be purchased with immediate vacant possession if desired

478 is income producing £465,000 paProminent position on Bath RoadCan be purchased seperatedly

Secure gated yard (Approx. 21,059 SQ FT)

Ample allocated parking

Clear eaves 6m rising to 8.2m at the apex

Electric loading doors

3 Phase power & gas

Both roofs to be over-clad with 25 year guarantee

Additional mezzanine storage

LED lighting

Kitchen, WC's & shower

Break out space

Modern ancillary offices with excellent natural lighting

Air conditioning (Heating & cooling settings)Walking distance to Burnham Underground Station (Elizabeth Line)

480 Bath Road comprises a warehouse/industrial unit with two storey offices, mezzanine floor and an electric roller shutter loading door. Externally the property has a large secure gated yard and additional parking spaces at the front. The property has planning consent for B2 & B8 uses.

478 Bath Road is a refurbished warehouse/industrial unit which has been converted by Sytner in 2012 to a Mini Car Showroom, Service Centre, and Valeting area. The property provides a ground floor area of approximately 29,802 sq ft and the tenant installed a first-floor mezzanine of 11,826 sq ft. There is a large fully glazed showroom and a parts/servicing centre, with the property benefitting from an extensive yard that is currently used exclusively for customer parking, car sales, vehicle management and maintenance.

Both properties were built in 1984. The site provides an area of approximately 2.99 acres (1.212 hectares), representing a site density of 47.5%. To the east there are commercial properties used largely as car showrooms and vehicle repair centres.

Proposal

We are instructed to seek offers in region of £16,000,000, subject to contract and exclusive of VAT.

Low capital value of £218 per sq ft.

The properties are available to purchase separately. Apportioned pricing provided upon request.

VAT

All prices are subject to VAT.

Tenure

Freehold.

Tenancy

478 Bath Road is let to Sytner Limited, for a term of 19 years and 6 months from 12th September 2012 ending on 24th March 2032. The next Rent Review is 28th September 2027, with no break options. The current passing rent is £465,000 per annum, reflecting a low rate of £15.60 per sq ft. Rent Reviews are Upwards Only Open Market Rent Reviews.

480 Bath Road is let to Fleetwood Architectural Aluminium Limited, to expire 24th September 2027, with a tenant break on 25th September 2025 with 6 months' notice. The building could also be purchased with Vacant Possession. The total passing rent is £500,000 per annum, reflecting a very low rate of £11.47 per sq ft. The lease could be terminated at any time by the landlords as the tenant no longer has use for the property.

Occupational Market

Slough is home to many of the world's most successful companies and has developed a reputation as a world class location for business. Slough has a diverse customer base including distribution, logistics, tech, media, telecoms, manufacturing, and the largest data centre cluster in Europe. Industrial rents on the Slough Trading Estate have achieved over £20 per sq ft and are set to reach high twenties within the next 12-18 months.

Covenant

Sytner Limited (00813696) has a Dun and Bradstreet rating of 5A2 representing a 'lower than average risk' of business failure.

Sytner Limited represents many high end and prestigious vehicle manufacturers across the UK in a range of car dealerships. The group expanded throughout the UK buy acquiring other, smaller car dealerships before being acquired by American based Penske Automotive Group.

Fleetwood Architectural Aluminium Limited (03321897) is one of the UK's and London's top fabricators for unitised facades, windows and doors, curtain walling and rain screen cladding.

Hours Of Use

480 Bath Road has a hours of use restrictions apply before 7am and after 11pm Monday to Friday, before 8am and after 4pm on Saturdays and no operations on Sundays or bank holidays. The owners are in the process of seeking consent to remove these restrictions.

Data Room

Access available upon request.

Anti-Money Laundering (AML) Requirements

Interested will be required to provide the appropriate information to satisfy current AML regulations at the stage Heads of Terms are agreed.

Disclaimer

None of the amenities have been tested by Telsar.

VAT

We understand the property has been elected for VAT and the sale will be treated as an SPV, resulting in stamp duty charges of just 0.5%.

The site is prominently situated on Bath Road serviced by excellent transport links due to being located just off of Junction 7 of the M4. This in turn provides access to the M25 allowing easy access to Central London, Heathrow and the surrounding areas. Furthermore the premises is within a brisk walking distance from Burnham Underground Station (Elizabeth Line) and is further serviced by multiple bus routes.

This is an excellent opportunity for an occupier benefit from the high passing traffic and join the local occupiers consisting of Mini, Halfords, Seat, Mercedes, Marks & Spencers, Dunelm & Curry's to name a few.

Travel Distances

M4 (Junction 7) - 0.9 miles

M25 (Junction 15) - 9 miles

Burnham Underground Station (Elizabeth Line) - 0.5 miles

Slough Town Centre - 4.5 miles

Heathrow Airport (T1, T2 & T3) - 12.1 miles

Central London - 26 miles

Source: Google Maps