Former Ford Dealership, Downshire Way, Bracknell, Berkshire

Description

Former car showroom and workshop arranged as two detached buildings, approximately 1,371.69 sq m (14,765 sq ft), on a 0.84-acre (0.33-ha) site. Prominent roadside location fronting Downshire Way (A322), 0.7 miles from Bracknell Rail Station. Suitable for an owner occupier or a developer, subject to obtaining all necessary consents. Asset management opportunities. VAT is applicable.

Accommodation

Former car showroom and workshop arranged as two detached buildings, approximately 1,371.69 sq m (14,765 sq ft).

Location

The property is situated in a popular industrial and trade counter location to the west of Bracknell town centre, fronting Downshire Way (A322). Bracknell Rail Station is 650 metres from the property. Nearby occupiers include Jewson, Premier Inn, Toolstation, The Gym Group, Esso and Asda Express.

Tenure / Property Information

Investment Analysis

The auction guide is £1.35m–£1.45m for a vacant freehold commercial roadside property comprising approximately 14,765 sq ft on 0.84 acres. No completed sales, rental comparables, formal valuation, or development appraisal are supplied, so market value, GDV and investment yield cannot be independently estimated. VAT applies and additional charges may be payable.

Investment Snapshot

Strategy Recommendation

Consider only as an owner-occupier or development/asset-management opportunity after surveys, legal and planning due diligence, VAT review and confirmation of the intended use. Do not underwrite it as an income-led investment on the supplied evidence.

Works Required

Undertake full building, services and condition surveys of the showroom and workshop. Review asset-management opportunities, layout and future use, subject to obtaining all necessary consents. No specific refurbishment defects or works are evidenced.

Rental & Market Context

Potential BRRR Position

A BRRR appraisal cannot be completed without supported rental evidence, refurbishment costs, finance assumptions and a market or refinance valuation. The guide price cannot be treated as GDV.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and commercial, with no passing income evidenced.

Flip Analysis

A flip appraisal cannot be completed because there are no completed comparable sales, supported GDV, refurbishment budget, resale costs or development/consent appraisal. VAT and potentially additional seller or third-party charges would also need to be accounted for.

Investor Risks & Due Diligence

• VAT applies to the lot.

• Additional seller or third-party charges may be payable.

• The property is vacant, with no passing income evidenced.

• Any change of use, redevelopment or asset-management plan is subject to obtaining all necessary consents.

• No specific condition, building-services or refurbishment information is supplied.

• No rental evidence is available to support an income valuation or yield.

• No completed sales or formal valuation are supplied to support the guide price.

• The property comprises commercial showroom and workshop buildings, and suitability for any proposed use requires due diligence.

Recommendation

Consider only as an owner-occupier or development/asset-management opportunity after surveys, legal and planning due diligence, VAT review and confirmation of the intended use. Do not underwrite it as an income-led investment on the supplied evidence.

Strategy Rating

Analysis Confidence

The evidence confirms the property type, size, tenure, vacancy, location and auction guide, but provides no sales comparables, rent, condition detail, EPC, costs, consents, formal valuation or development appraisal.