It is a commercial mixed use building in the outskirts of London.
The total area of the three-story building is 838 m².
The ground floor accomodates retail space of 356 m², the first floor has 318 m² of offices and the second floor accomodates apartments with total area of 107 m². There are storage rooms in the basement.
The property is in good overall condition and fully leased out. The offices and apartments can be accessed through a separate entrances.
The property has full planning permission for an additional 13 residential units on the site whilst retaining the existing residential unit at second floor level and the retail use at ground floor level. The development would provide a mix of 5 town houses and 8 flats, with associated parking, amenity space and landscaping.
Absolute income is 190,000 £.
The current yield of 2,9%.
Tenant is MLCG Limited with a guarantee from WM Morrison Supermarkets Plc.
WM Morrison Supermarkets Plc is currently the UK’s fourth largest food retailer with an extensive nationwide chain in excess of 500 stores and employing over 132,000 people nationwide. They currently hold an 11% UK Grocery market share. The annual income exceeds £790 million.
The lease agreement was signed in 2013 for 15 years on a full repairing and insuring basis.
The property is situated within The Retail Core Windsor Conservation Area on the main pedestrian street. The neighboring tenants are River Island, Gap, Robert Dyas, Paperchase, Lush, EE, Thorntons, Monsoon and Halifax.
Windsor is one of the most popular tourist destinations. Heathrow Airport and the M4 motorwat are in a few kilometers from the town. London's City can be reached in half an hour by train.