Hatfield Road, Slough SL1 1QE
Offers in excess of £15,000,000
The property comprises a 9-storey B1(a) office building, built around 1998, extending to approximately 69,500 sq.ft. GIA.
The building occupies a broadly rectangular site area of circa 0.4 acres, and has two frontages on to Hatfield Road.
The site is bounded by residential and retail uses to the north, a multi-storey car park to the east, houses to the south and a large office building to the rear.
The property benefits from 218 car parking spaces at ground and basement levels.
The property is prominently located on Hatfield Road within Slough’s town centre (a key regeneration area). The Local Authority is Slough Borough Council.
The surrounding area comprises a wide range of retail, office and residential uses, with numerous shops, restaurants and amenities available within close proximity of the site.
Queensmere Observatory Shopping Centre is a short walking distance from the property, which is currently being developed into a new shopping complex with residential towers that will transform the town centre.
Slough Station is located approximately 0.5 miles from the site, currently providing direct trains to London Paddington in circa 20 minutes. The station will operate Crossrail / Elizabeth Line services from late 2018.
Planning & Development Potential
Prior Approval was approved on 6th June 2017, for the change of use of the entire office building to provide 147 apartments (8 x studios, 109 x 1 bedroom and 30 x 2 bedroom units) totalling 57,425 sq.ft. NSA via Permitted Development Rights.
A full accommodation schedule can be found within the dataroom.
The property is to be sold freehold, subject to vacant possession.
The property is not elected for VAT.
Offers are invited in excess of £15,000,000. A purchase at this level reflects a low capital value of £216 per sq.ft. on existing GIA.
Further information including planning and legal documents are available within our dataroom using the access code ‘Thames’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- Vacant 9-storey B1(a) office building extending to approximately 69,500 sq.ft. GIA with 218 parking spaces
- Prior Approval for conversion to 147 apartments (8 x studios, 109 x 1 bed & 30 x 2 bed units) totalling 57,425 sq.ft. NSA under Permitted Development Rights
- Located in close promximity to Slough’s town centre and main regeneration area, approximately 0.5 miles from Slough Station which will operate Crossrail services from late 2018
- Offers invited in excess of £15,000,000 for the freehold interest, which reflects a low capital value of £216 per sq.ft. on existing GIA
To discuss this opportunity further, please contact Paul Heale or Ross Kemp on 020 7183 2529