Guide price
£1,200,000
(£449.94/sq. ft)
Property for saleHorton Road, Datchet, Slough SL3
2,667 sq. ft
Just added
Available immediately
About this property
Residential / Commercial Use
Established Commercial Tenant
Residential Has Potential For Conversion.
Development Potential
Location
Located at the junction of Ditton, and Horton Road, this mixed residential / commercial investment is a short drive from Datchet town centre. Well located close to M4, access M25, and opposite from Tesco Express.
The property is in a very visible location.
Description
A rare opportunity to acquire a mixed use residential / commercial investment in a prominent roadside location.
The opportunity consists of a large vacant 5 bedroom residential house, with adjoining commercial premises, which are underlease to a fish & chip shop operator. The terms of the commercial lease are unaffected by this sale.
The commercial lease is drafted inside the security provisions of the landlord and tenants act, commenced 31st Jan 2019, for a term of 20 years, with upward only market rent reviews at each 5th anniversary of the lease term. The passing rent for the commercial element is £26,916 per annum.
The residential premise has been leased as both an Air B&B and conventional AST basis historically. We feel that there could be potential to convert the property into an HMO with common kitchen, or subdivide into flats (subject to planning permission).
Investment Details
As indicated the commercial element is let within the security provisions of the Landlord & Tenant Act 1954 Part II amended. The passing rent is £26,916 per annum exclusive.
The residential accommodation will benefit from vacant possession upon completion of the sale.
Title numbers included within the sale are: BK141353 & BK473137
Tenure Comments
The freehold is available For Sale, on terms to be agreed by negotiation.
Legal Costs
Each party to bear their own professional and legal costs.
VAT
The property is not subject to VAT.
Energy Performance Rating
c-70 (Residential)
d-79 (Commercial)
Residential / Commercial Use
Established Commercial Tenant
Residential Has Potential For Conversion.
Development Potential
Located at the junction of Ditton, and Horton Road, this mixed residential / commercial investment is a short drive from Datchet town centre. Well located close to M4, access M25, and opposite from Tesco Express.
The property is in a very visible location.
Description
A rare opportunity to acquire a mixed use residential / commercial investment in a prominent roadside location.
The opportunity consists of a large vacant 5 bedroom residential house, with adjoining commercial premises, which are underlease to a fish & chip shop operator. The terms of the commercial lease are unaffected by this sale.
The commercial lease is drafted inside the security provisions of the landlord and tenants act, commenced 31st Jan 2019, for a term of 20 years, with upward only market rent reviews at each 5th anniversary of the lease term. The passing rent for the commercial element is £26,916 per annum.
The residential premise has been leased as both an Air B&B and conventional AST basis historically. We feel that there could be potential to convert the property into an HMO with common kitchen, or subdivide into flats (subject to planning permission).
Investment Details
As indicated the commercial element is let within the security provisions of the Landlord & Tenant Act 1954 Part II amended. The passing rent is £26,916 per annum exclusive.
The residential accommodation will benefit from vacant possession upon completion of the sale.
Title numbers included within the sale are: BK141353 & BK473137
Tenure Comments
The freehold is available For Sale, on terms to be agreed by negotiation.
Legal Costs
Each party to bear their own professional and legal costs.
VAT
The property is not subject to VAT.
Energy Performance Rating
c-70 (Residential)
d-79 (Commercial)
Residential / Commercial Use
Established Commercial Tenant
Residential Has Potential For Conversion.
Development Potential
Mortgage calculator
Monthly repayment
£6,002 per month
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