288 - 290 High Street Slough Berkshire SL1 1NB

288 - 290 High Street
Slough
Berkshire
SL1 1NB

Freehold Retail and Restaurant Investment

Two retail units prominently located on Slough High Street
Within walking distance of Slough Rail Station and The Queensmere Shopping Centre
Nearby occupiers include Nando’s, Betfred and British Heart Foundation
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
83
Auction
13th October 2016
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£980,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Retail and Restaurant Investment

Two retail units prominently located on Slough High Street
Within walking distance of Slough Rail Station and The Queensmere Shopping Centre
Nearby occupiers include Nando’s, Betfred and British Heart Foundation
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 83
Auction 13th October 2016
Rent £50,000 per Annum Exclusive
Status Sold
Price £980,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On Behalf of a Major Fund Manager

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 prominently situated on southern side of High Street, a short walk from the Queensmere Observatory Shopping Centre which houses over 100 retailers including Primark, Argos and Debenhams. Other nearby occupiers include Nando's, Betfred and Oxfam.

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

Tenure

Freehold.

Description

The property comprises two ground floor retail units with ancillary accommodation at first floor.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with ancillary accommodation at first floor.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Term	Tenant	Rent p.a.x	Review/(Reversion)
288	Ground First	Retail Ancillary	89.64 sq m 46.45 sq m	(965 sq ft) (500 sq ft)	10 years from 18/12/2009	OAKAM LIMITED t/a Oakam Financial Services	£25,000	(17/12/2019)
290	Ground First	Retail/ Restaurant Ancillary	94.57 sq m 42.45 sq m	(1,018 sq ft) (457 sq ft)	20 years from 28/03/2012 (2)	ARKAY SOLUTIONS LIMITED (1) t/a Peri Peri Original Takeaway	£25,000	28/03/2017 and five yearly (27/03/2032)
Totals			273.13 sq m	(2,940 sq ft)			£50,000

(1) Founded in 2006, Oakam provides financial services and currently operating from 22 stores across London and the Midlands. (Source: www.oakam.com 12/09/2016)
(2) The lease provides an option to determine on 28/03/2017.