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PRIME MODERN RETAIL/OFFICE BUILDING WITH REAR CAR PARK FOR SALE

For Sale
186-188 High Street, Slough SL1 1JS
PRICE Upon Application

LOCATION

The property occupies a 100% prime position on the pedestrianised High Street located directly opposite the interlinking Queensmere and Observatory Shopping Centres. The property overlooks a busy public square with a strong leisure offer that leads to the principal entrance to the Queensmere Shopping Centre. Anchored by Debenhams and Primark the 595,500 sq. ft. Shopping Centres provide a 1,400 space car park with ongoing proposals to re-develop some of the retail accommodation to provide a new façade and residential accommodation. Adjacent retailers include JD Sports and Boots.

DESCRIPTION

The property provides two prominent and attractive modern retail units. 186 High Street is configured over ground, basement and two upper floors whilst 188 High Street is arranged over ground and part first floor. 186 High Street is currently arranged to provide sales accommodation on ground floor and basement storage, together with offices on the first and second floors.

186 High Street (Lloyds Pharmacy) currently provides sales accommodation at ground floor and ancillary space at first floor level. The first floor is set back from the High Street and provides an     excellent opportunity for a purchaser to create additional space at part first and second floor level. In addition, there is an opportunity to extend to the rear of the retail units onto the car park, creating additional retail accommodation.

The first floor of 186 is currently undergoing refurbishment to provide self-contained offices and is vacant.

The second floor of 186 High Street provides recently refurbished office accommodation and is currently let:

  • Self-contained ground floor entrance
  • Passenger lift
  • Air cooling system
  • Kitchenette
  • EPC:C (75)
  • Private Male and Female WC’s
Property Tenant Premises  

Square Footage

 

Rent Lease
186 High Street Genus UK Ltd

T/A Select

Ground Floor

 

Basement Storage

 

2832 Sq. Ft

(263 Sq. M)

2033 Sq. Ft

(189 Sq. M)

£120,000 pax FRI Lease for a term of 10 years from 31/10/16. Rent review 31/10/21. Tenants only break clause end of 5th year.
188 High Street Lloyds Pharmacy Ltd  

Ground Floor Sales

 

Part First Floor

 

 

1562 Sq. Ft

(146 Sq. M)

639 Sq. Ft

(60 Sq. M)

£60,000 pax FRI Lease for a term of 10 years from 22/09/14 subject to a rent review 22/09/19. Tenant break clause operable 22/09/19.
Seymour House

186 High Street

Vacant  

First Floor Offices

Currently being

refurbished

2980 Sq. Ft

(277 Sq. M)

£50,000 pax

estimated rental

Seymour House

186 High Street

Zam Zam Educational and Cultural Academy London Second Floor Offices  

3437 Sq. Ft

(320 Sq. M)

£45,000 pax FRI Lease for a term of 5 years from 2/12/15 without rent review
Total 13,483 Sq. Ft

(1253 Sq. M)

£225,000 pax

 

£275,000 pax

Total Actual Income

 

Actual and Estimated

 

EPC RATING

  • 188 High Street Rating D
  • 186 High Street Rating C
  • Seymour House 186 High Street Rating

Tenancy Schedule attached

 

ASSET MANAGMENT OPPORTUNITY

Create additional accommodation at part 1st and 2nd Floor above 188 High Street ( Lloyds Pharmacy) subject to necessary planning consent

Extend to the rear of the units and create additional retail accommodation

Obtain change of use on the office accommodation to residential use.

Factoring in the impact of Crossrail, house price growth in Slough is forecasted to increase by 45% between 2014-2020.

TOTAL INCOME

£225,000 pax Actual Income

£275,000 pax  Actual and Estimated

Tenancy Schedule attached

PRICE

Upon application

VAT

VAT is applicable

IDENTIFICATION

Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.

COMMERCIAL LEASE CODE

Christo & Co have advised their clients about The Code for Leasing Business Premises in England and Wales 2007. The code strongly recommends seeking professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.leasingbusinesspremises.co.uk

VIEWING

Strictly by appointment through SOLE Agents.

 

SUBJECT TO CONTRACT

 

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: January 2018.
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Address

186-188 High Street, Slough SL1 1JS
United Kingdom
Slough
Slough

Additional Details

PRICE Upon Application
13,483
1,253
Freehold/Long Leasehold

Location On Map

Contact Team Member

Paul Stone <i>FICBA FNAEA</i>

Paul Stone FICBA FNAEA









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