Freehold Retail & Office Investment with Residential Development Potential
Potential to convert upper floors to residential accommodation (subject to consents)
Planning permission granted in 2005 (now lapsed) for 8 x 2 bed flats & 16 x 1 bed flats
Within walking distance of Slough Rail Station and The Queensmere Shopping Centre
Nearby occupiers include Nando’s, BetFred & British Heart Foundation
Lot 36
Auction 23rd October 2014
Rent £84,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers Edward Symmons Group
Property Information
Location
Miles
20 miles west of Central London
17 miles east of Reading
4 miles north of Windsor
Roads
A4, A412, M4 (Junction 6)
Rail
Slough Rail Station (approx. 35 mins to London Paddington)
Air
London Heathrow Airport, London Luton Airport, London City Airport
Situation
The property is situated to the eastern side of High Street close to the residential area of Yew Tree Road and is a short walk from the Queensmere Shopping Centre. There is a substantial pay and display multi-storey car park to the rear which is owned by the Council.
Tenure
Freehold.
Location
Miles
20 miles west of Central London
17 miles east of Reading
4 miles north of Windsor
Roads
A4, A412, M4 (Junction 6)
Rail
Slough Rail Station (approx. 35 mins to London Paddington)
Air
London Heathrow Airport, London Luton Airport, London City Airport
Situation
The property is situated to the eastern side of High Street close to the residential area of Yew Tree Road and is a short walk from the Queensmere Shopping Centre. There is a substantial pay and display multi-storey car park to the rear which is owned by the Council.
Tenure
Freehold.
Description
The property comprises four ground floor retail units, a public house with managers flat above and self-contained office accommodation on first, second and third floors. The office accommodation is currently vacant. Access to the upper floors by staircase and lift is obtained from an independent access fronting the High Street.
Planning
In June 2005 Slough Borough Council granted planning permission in relation to an application dated 11th May 2005 for the conversion of the upper floor office accommodation comprising a change of use from Class B1 (Office) to Class C3 (Residential) and the erection of a fourth floor roof extension to provide 8 No 2 Bedroom and 16 No 1 bedroom flats.
The planning permission has now lapsed. For further information please refer to P/08145/003 in the planning search module for Slough Borough Council at http://www.sbcplanning.co.uk or contact the Planning Department at Slough Borough Council on +44 (0)1753 477340.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises four ground floor retail units, a public house with managers flat above and self-contained office accommodation on first, second and third floors. The office accommodation is currently vacant. Access to the upper floors by staircase and lift is obtained from an independent access fronting the High Street.
Planning
In June 2005 Slough Borough Council granted planning permission in relation to an application dated 11th May 2005 for the conversion of the upper floor office accommodation comprising a change of use from Class B1 (Office) to Class C3 (Residential) and the erection of a fourth floor roof extension to provide 8 No 2 Bedroom and 16 No 1 bedroom flats.
The planning permission has now lapsed. For further information please refer to P/08145/003 in the planning search module for Slough Borough Council at http://www.sbcplanning.co.uk or contact the Planning Department at Slough Borough Council on +44 (0)1753 477340.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Telephone: +44 (0)20 7034 4857.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
300 High Street
Ground & Part First
Public House
599.00 sq m
(6,448 sq ft)
WELLINGTON PUB COMPANY (1)
150 years from 29/09/1963
£11,000
28/09/2026 (28/09/2113)
302-304 High Street
Ground
Retail
174.00 sq m
(1,873 sq ft)
H ASLAM (t/a Bombay Dreams Fusions Restaurant) (2)
15 years from 30/08/2013
£30,000
30/08/2018 (29/08/2028)
306 High Street
Ground
Retail
90.30 sq m
(972 sq ft)
SAPHIRE 1 LIMITED (t/a Envy Ladieswear)
10 years from and including 22/11/2012
£15,000
22/11/2017 (21/11/2022)
308 High Street
Ground
Retail
84.50 sq m
(910 sq ft)
LINKED COMMUNICATIONS LIMITED (t/a Rashko Baba Fruit Chat) (3)
10 years from and including 09/04/2010
£15,500
08/04/2015 (08/04/2020)
310 High Street
Ground
Retail
90.00 sq m
(969 sq ft)
S S MALHOTRA (t/a I & H Food & Wines)
25 years from 25/12/1992
£13,000
(24/12/2017)
300-310 High Street
First Second Third
Office Office Office
425.40 sq m 424.75 sq m 425.40 sq m
(4,579 sq ft) (4,572 sq ft) (4,579 sq ft)
VACANT
Totals
2,313.35 sq m
(24,902 sq ft)
£84,500
(1) Please note that the tenant is not currently in occupation. (2)Please note that the tenant is not currently in occupation. (3)The lease of 308 High Street provides for an option to determine on 8th April 2015 subject to 9 months’ prior written notice.
