FOR SALE

High Street, Slough SL1 1JS

Offers in excess of £6,000,000

Description

The existing property comprises a retail building (Use Class A1) which extends to approximately 42,767 sq.ft. NIA over 4-storeys.

The property was most recently operated by British Home Stores and is arranged with an open plan sales area at ground floor with ancillary staff areas and storage across the upper floors.

The site has frontages on to the pedestrianised High Street to the north and Herschel Street to the south. The main customer entrance is situated on the High Street, with secondary access and servicing taken through the rear via Herschel Street.

Location

The property is prominently located between High Street and Herschel Street within Slough town centre (a key regeneration area). The Local Authority is Slough Borough Council.

The immediate area comprises a wide range of retail, office and residential uses, with numerous shops, restaurants and amenities available within close proximity of the site.

Directly opposite the site is Queensmere Observatory Shopping Centre which will be developed into a new shopping complex with residential towers which will transform the town centre.

Slough Station is located approximately 0.25 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

The property is not Listed and does not lie within a Conservation Area.

The property offers potential for comprehensive redevelopment of the site to create a mixed-use scheme comprising ground floor retail space and self-contained residential apartments, subject to obtaining the necessary consents.

Indicative drawings have been prepared which show a 9-storey new build scheme consisting of approximately 18,000 sq.ft. of ground floor retail space and 111 apartments (55 x 1 bed, 40 x 2 bed and 16 x 3 bed units) across the 1st – 8th floors.

These can be veiwed within the dataroom.

Tenure

The property will be sold freehold and subject to vacant possession on completion.

VAT

The property is elected for VAT.

Terms

Offers invited in excess of £6,000,000. A purchase at this level reflects a low capital value of £140 per sq.ft. on the existing NIA.

Additional Information

Further information including the indicative drawings are available in the dataroom using access code ‘Slough’.


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 A1 retail building (formerly a BHS) extending to approximately 42,767 sq.ft. NIA and occupying a site area of circa 0.6 acres
  • Potential for comprehensive redevelopment to create a mixed-use scheme comprising retail space and self-contained apartments, subject to planning permission
  • High Street location within Slough’s town centre and main regeneration area, approximately 0.25 miles from Slough Station which will operate Crossrail services from late 2018
  • Offers invited in excess of £6,000,000 for the freehold interest, reflecting circa £140 per sq.ft. on current NIA

To discuss this opportunity further, please contact Keir Goldstein or Paul Heale at Kingsbury on 020 7183 2529

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