Objektbeschreibung
50 Windsor Road is a Grade A office building which offers an inspiring town centre working environment. It offers 47,381 sq ft NIA arranged over ground and four upper floors and benefits from two basement levels of car parking, cycle facilities as well as surface level EV chargers to the rear of the property.
The building was comprehensively refurbished in 2021 at a cost of £5.3 million. The refurbishment included new M&E, new WCs, fourth floor extension, a CAT A refurbishment of the ground, third and fourth floors, common parts overhaul including a business lounge and the addition of state-of-the-art cycle facilities in the basement. As part of the works, the fourth floor was fully fitted, and it is ready for immediate occupation.
The asset is future-proofed with strong ESG credentials including a high EPC of B, EV charging facilities and excellent on-site amenity.
Eigenschaften
Medien
Investment-Highlights
- 50 Windsor Road is one of Slough’s leading office buildings totalling 47,381 sq ft NIA (103,637 sq ft GIA) of Grade A space arranged over ground and four upper floors.
- Slough benefits from very close proximity to London Heathrow Airport with the M25, M4 and M40 motorways all less than 15 minutes away. The property is also situated just 0.4 miles from Slough’s Crossrail station.
- The sustainable location is reinforced by the building’s ESG credentials which includes a futureproofed EPC B rating, EV chargers and a wealth of on-site amenity.
- Slough benefits from a strong demographic and a wide catchment due to its connectivity.
- Multi-let to 2 tenants, Motorola Solutions UK Limited and Webloyalty International Limited offering strong covenants and a WAULT of 7.1 years to expiries and 1.0 year to breaks.
- Total passing rent of £663,492 per annum reflecting a very low average rent of £28.88 per sq ft on the let space, over 20% below prime Slough rents.
- The vacant space and common areas have been recently comprehensively refurbished to a high standard at a cost of £5.3 million including fitted space on the 4th floor which is ready for immediate occupation.
- Excellent in-town parking provision with an attractive ratio of 1:298 sq ft.
- 50 Windsor Road could suit a number of alternative uses (subject to planning) with potential repositioning options including residential, BTR, coliving, data centres and self-storage.
- Available to buy at a low capital value representing a substantial discount to replacement cost.
- Freehold town centre site totalling 0.74 acres.
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