HOME PROPERTY SEARCH NEWS & DEALS

478 - 480 Bath Road, Slough, SL1 6BB

  • Investment / Trade Counter / Showroom / Industrial / Warehouse
  • 29,802 to 73,400 sq ft
  • For Sale
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough19.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough21.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough105.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough117.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - 2 .jpg
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - 3 .jpg
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough052.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - 4 .jpg
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough025.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough013.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough067.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough075.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough093.JPG
478 - 480 Bath Road, Slough, Investment / Trade Counter / Showroom / Industrial / Warehouse For Sale - Slough02.JPG
Rare Freehold Opportunity
Property Type Investment / Trade Counter / Showroom / Industrial / Warehouse
Tenure For Sale
Size 29,802 to 73,400 sq ft
Price Price on application
Business Rates Interested parties are advised to contact Slough Borough Council to obtain this figure.
Service Charge n/a
VAT Applicable
Energy Performance Rating Upon enquiry

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

Key Features

  • 480 is income producing £500,000 pa, can be purchased with immediate vacant possession if desired
  • 478 is income producing £465,000 pa
  • Prominent position on Bath Road
  • Can 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)

Location

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

Available area

All measurements are approximate and measured on a gross internal area basis.

Description sq ft sq m
480 - Ground Floor Warehouse 29,212 2,713.88
480 - Ground Floor Welfare / Offices 4,292 398.74
480 - First Floor Offices & Break Out Area 10,094 937.76
480 - TOTAL 43,598 4,050.39
478 - Ground Floor Warehouse 19,128 1,777.05
478 - Showroom 9,435 876.54
478 - First Floor Offices 1,239 115.11
478 - TOTAL 29,802 2,768.70
TOTAL 73,400 6,819.08

Description

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%.