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£3,250,000
Property for sale
Watermans Business Park, Kingsbury Crescent, Staines TW18Local area information
Property location
Nearby amenities
- Hythe Primary School 0.3 miles
- The Magna Carta School 0.4 miles
- Staines 0.7 miles
- Egham 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Staines-Upon-Thames and Egham to find out more about the local area.
Features and description
- High Yielding Office Investment Opportunity
- Let to Regus - One of the UKs Largest Serviced Office Providers
- Lease Expires 11.04.2030
- 14,992 sq ft (1,393 sq m) NIA
- Passing Rent Reflects a Low £21.74 per sq ft
- Prominent Town Centre Location
- Development/Conversion Potential (subject to consents)
- Investment Let at £325,980 per annum (10.03% giy on Guide Price)
- Fixed Uplift to £465,686 in 2027 (14.33% Gross Yield on Guide Price)
Strapline
Auction Sale - 02/07/2025
High Yielding Office Investment Opportunity Located in Central Staines
Let to Regus on a Lease Expiring 11.04.2030 with Fixed Uplifts and Turnover Rent
Investment Let at £325,980 per annum with a Fixed Uplift to £465,686 in 2027
Description
The property comprises a high yielding office investment let to one of the UKs best known businesses and including fixed rental uplifts.
Arranged as an "L" shaped office providing 14,992 sq ft (1,393 sq m) NIA of accommodation across ground and first floors with an undercroft car park, the property underwent a full cat A refurbishment in 2016 prior to the current lease.
The property is fully let to Staines Rourke House Centre Limited trading as Regus, one of the UKs largest serviced office providers, on a 13 year lease expiring 11.04.2030 and paying £325,980 per annum. The lease is Guaranteed by Regus Plc capped at £232,843 (6 months rent).
The contracted rent under the lease is £465,686 per annum, however a lower rent of £325,980 per annum has been agreed until 24.03.2027. Therefore the lease effectively includes a fixed uplift to £465,686 per annum on this date.
The passing rent reflects a low £21.74 per sq ft and the lease includes a Landlords rolling break option with six months notice. We therefore consider the property may be suitable for conversion/development to provide a number of smaller office suites, or alternative uses, including residential, subject to obtaining the requisite consents.
The property occupies an attractive riverside pitch immediately to the south of the principal pedestrianised retail amenity of Staines. The surrounding area comprises a mix of office and industrial accommodation with some retail warehousing.
Staines is a well positioned town on the outskirts of London and immediately adjacent to the M25 and between the M4 and M3 motorways. The town therefore benefits from excellent road communications to both Central London as well as Surrey and Berkshire.
Location
Tenancy
The property is let to Staines Rourke House Centre Limited (t/a Regus) on a 13 year lease expiring 11.04.2030 and paying £325,980 per annum. The lease is Guaranteed by Regus Plc capped at £232,843 (6 months rent).
The contracted rent under the lease is £465,686 per annum, however a lower rent of £325,980 per annum has been agreed until 24.03.2027. Therefore the lease effectively includes a fixed uplift to £465,686 per annum on this date.
The agreement also includes a turnover rent, calculated as the amount by which 40% of the Tenants Gross Revenue exceeds the Passing Rent.
The lease is on full repairing and insuring terms and includes a rolling landlords break option with six months notice. If the landlord serves the break notice then dilapidations cannot be claimed.
Staines Rourke House Centre Limited
Turnover
Regus Holdings Plc (Guarantor)
Auction Sale - 02/07/2025
High Yielding Office Investment Opportunity Located in Central Staines
Let to Regus on a Lease Expiring 11.04.2030 with Fixed Uplifts and Turnover Rent
Investment Let at £325,980 per annum with a Fixed Uplift to £465,686 in 2027
Description
The property comprises a high yielding office investment let to one of the UKs best known businesses and including fixed rental uplifts.
Arranged as an "L" shaped office providing 14,992 sq ft (1,393 sq m) NIA of accommodation across ground and first floors with an undercroft car park, the property underwent a full cat A refurbishment in 2016 prior to the current lease.
The property is fully let to Staines Rourke House Centre Limited trading as Regus, one of the UKs largest serviced office providers, on a 13 year lease expiring 11.04.2030 and paying £325,980 per annum. The lease is Guaranteed by Regus Plc capped at £232,843 (6 months rent).
The contracted rent under the lease is £465,686 per annum, however a lower rent of £325,980 per annum has been agreed until 24.03.2027. Therefore the lease effectively includes a fixed uplift to £465,686 per annum on this date.
The passing rent reflects a low £21.74 per sq ft and the lease includes a Landlords rolling break option with six months notice. We therefore consider the property may be suitable for conversion/development to provide a number of smaller office suites, or alternative uses, including residential, subject to obtaining the requisite consents.
The property occupies an attractive riverside pitch immediately to the south of the principal pedestrianised retail amenity of Staines. The surrounding area comprises a mix of office and industrial accommodation with some retail warehousing.
Staines is a well positioned town on the outskirts of London and immediately adjacent to the M25 and between the M4 and M3 motorways. The town therefore benefits from excellent road communications to both Central London as well as Surrey and Berkshire.
Location
- Staines High Street - 0.3 miles
- Staines Rail Station - 0.8 miles
Tenancy
The property is let to Staines Rourke House Centre Limited (t/a Regus) on a 13 year lease expiring 11.04.2030 and paying £325,980 per annum. The lease is Guaranteed by Regus Plc capped at £232,843 (6 months rent).
The contracted rent under the lease is £465,686 per annum, however a lower rent of £325,980 per annum has been agreed until 24.03.2027. Therefore the lease effectively includes a fixed uplift to £465,686 per annum on this date.
The agreement also includes a turnover rent, calculated as the amount by which 40% of the Tenants Gross Revenue exceeds the Passing Rent.
The lease is on full repairing and insuring terms and includes a rolling landlords break option with six months notice. If the landlord serves the break notice then dilapidations cannot be claimed.
Staines Rourke House Centre Limited
Turnover
- 2023 - £771,000
- 2022 - £872,000
- 2021 - £707,000
Regus Holdings Plc (Guarantor)
- D&B Rating - 5A2
- Turnover (2023) - £68.95m
- Pre-Tax Profit (2023) - £1.59m
More information
Listed by
Savills - National Auctions
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