Home > Auctions > 26 & 27 February 2025 27 February 2025 - 9:00am > Lot 192

26 & 27 February 2025: Thursday 27 February 2025 - 9:00am
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Property details

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    Key features

    • To be offered on 27th February
    • Freehold Shopping Arcade with Development Potential
    • Arranged to provide 15 retail units
    • Comprising over 1,569 sq ft
    • Well located in affluent commuter village
    • Providing an asset management opportunity
    • VAT is not applicable
    • Investment let at £42,660 p.a. (11.37%GIY on Guide Price) with 1 vacant unit

    Description

    The property is arranged to provide 15 retail units and benefits from a number of storage areas at the rear with potential for alternative use.

    The flat above has been sold off on a long lease.

    Additional information

    Tenure

    Freehold

    Accommodation

    Units 1, 3 and 5 - 20.90 sq m (225 sq ft)

    Unit 2 & 4 - 12.63 sq m (136 sq ft)

    Unit 6 - 8.64 sq m (93 sq ft)

    Unit 11 & 13 - 40.70 sq m (438 sq ft)

    Unit 7 - 9.85 sq m (106 sq ft)

    Unit 9 - 9.85 sq m (106 sq ft)

    Units 8, 10, 12 & 14 - 33.91 sq m (365 sq ft)

    Unit 15 - 9.30 sqm (100 sq ft)

    Total - 145.78 sq m (1,569 sq ft)

    Tenancy

    Please see the tenancy schedule

    Planning

    The property was historically a single retail unit which has now been subdivided into the arcade units. The property may lend itself to re-configuration back to a single unit or variety of alternative uses and redevelopment, subject to obtaining all the necessary consents.


    All enquiries should be made with the local authority: Royal Borough of Windsor and Maidenhead.

    Email: planning@rbwm.gov.uk

    Website: https://www.rbwm.gov.uk/

    Rent

    42660

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries

    in this regard. Please refer to the legal pack. 


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

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        Accommodation / Tenancy Schedule

        Local information

        • Cookham is an affluent village situated on the River Thames approximately 2 miles north of Maidenhead
        • The property is situated on the north side of the High Street, in the heart of the village, close to its junction with Berries Road
        • Occupiers close by include a variety of restaurants, local retailers and residential dwellings
        Transport

        Road - The M4 (Junction 8/9) are located 5 miles to the south and the M40 (Junction 3) is 4 miles to the north

        Rail - Cookham & Maidenhead (Elizabeth Line) Rail Stations provide regular rail services to London Paddington (approx 17 minutes fastest journey time to London Paddington from Maidenhead)

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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