Retail premises to let in 62-63 Peascod Street, Windsor, Berkshire SL4

Modern shop unit in

Popular tourist town
reduced rates for

2024/2025 tax year subject

To status
rear servicing
next to rush hair and
close to gails bakery

3-phase power

Location

The property is situated on the southern section of Peascod Street which is the
premier pedestrianised shopping road in Windsor. It is adjacent to Rush hair salon,
close to Gails Bakery and Specsavers. Windsor is an affluent shopping town offering a
huge range of goods, services and leisure activities. It also has many tourist attractions
including Windsor Castle and Windsor Great Park, both of which are within a short
walk of the property.

Description

A modern retail unit on ground floor currently arranged as restaurant space with servery,
kitchen/prep area and male and female customer WCs. It has a total floor area of approx. 935 sq ft
(86.9 sq m). Please note that there is no external cooker extraction nor ability to fit one.

Energy performance certificate

Rating D (98)

Terms

A new lease is available on terms to be agreed at a rent of £42,500 per annum exclusive of business
rates, building insurance, service charge, utilities and VAT (if applicable).

Building insurance

The current annual building insurance premium for the property is approx. £327 + VAT - the policy
is due for renewal in April 2024.

Service charge

There is no annual service charge; the apportioned cost of repairs to the retained parts of the
building will be rechargeable on an "ad hoc" basis.

VAT

We are advised the property is elected for VAT so this will be chargeable on the rent and other
sums due at the prevailing rate - currently 20%.

Business rates

The property has a 2023 Rateable Value of £28,500 with rates payable of approx. £14,222 before
applicable reliefs for the 2024/25 tax year. Nb: The government has announced a
continuation of the 75% Retail, Hospitality & Leisure Relief for qualifying businesses for
the 24/25 tax year rendering rates payable of approx £3,555 for the tax year. Please
contact rbwm Council for further information .