146/148 High Street Slough Berkshire SL1 1JP

146/148 High Street
Slough
Berkshire
SL1 1JP

Prominent Freehold Retail & Residential Ground Rent Investment

Prominent Town Centre Location
Pedestrianised High Street Corner close to the Queensmere Shopping Centre
Retail let to Starbucks Coffee Company (UK) Ltd (sublet)
Adjacent Buckingham Gardens Car Park & close to offices of Slough Borough Council
Occupiers nearby Burger King, TSB, EE, McDonalds, Savers, Nationwide, Greggs & HSBC

Lot
12
Auction
11th February 2021
Rent
£101,600 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Prominent Freehold Retail & Residential Ground Rent Investment

Prominent Town Centre Location
Pedestrianised High Street Corner close to the Queensmere Shopping Centre
Retail let to Starbucks Coffee Company (UK) Ltd (sublet)
Adjacent Buckingham Gardens Car Park & close to offices of Slough Borough Council
Occupiers nearby Burger King, TSB, EE, McDonalds, Savers, Nationwide, Greggs & HSBC

Lot 12
Auction 11th February 2021
Rent £101,600 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 20 miles west of Central London, 18 miles east of Reading, 4 miles north of Windsor; Roads
Roads: A4, A412, M4 (Junction 6) M25
Rail: Slough Rail Station; (approx. 35 mins to London Paddington)
Air: London Heathrow Airport, London Luton Airport, London City Airport

Situation

Slough, with a population over 100,000 is a strategically important centre, 20 miles west of London, 18 miles east of Reading and 4 miles north of Windsor. The town benefits from good road links with the M4 (Junction 6) and the M25 close by giving access to Heathrow and Gatwick International Airports. The M40 motorway is 6 miles north & the M3 8 miles to the south of the town. Slough's rail station provides direct services to London Paddington. The property is situated in the town centre on the south side of the pedestrianised High Street at its junction with Church Street and opposite Buckingham Gardens Car Park. Occupiers nearby Burger King, TSB, EE, McDonalds, Savers, Nationwide, Greggs & HSBC

Tenure

Freehold.

Location

Miles: 20 miles west of Central London, 18 miles east of Reading, 4 miles north of Windsor; Roads
Roads: A4, A412, M4 (Junction 6) M25
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 ground floor retail with residential accommodation above. The residential accommodation of 8 flats known as Butler House is separately accessed from Church Street and arranged on ground and upper floors.

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

6 Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground	Retail/Ancillary	215.54 sq m	(2,320 sq ft)	Starbucks Coffee Company (UK) Limited (sublet) (1)	15 years from 19/10/2007	£100,000	(18/10/2022)
Rear Ground and upper floors	Residential	8 Flats		Butler House Management (Slough) Limited	150 years from 1/01/2007	£1,600	1/01/2027 & 20 every years thereafter - RPI linked (31/12/2157)
Total		Total Commercial				£101,600
Total						£101,600

(1) For the year ended 29th September 2019, Starbucks Coffee Company (UK) Limited reported a turnover of £361.7m, pretax loss of £8.5m and Shareholders Funds of £39.2m and operate from 910 stores nationwide (Source: Companies House 14/01/2021). Sublet to Soul Coffee House (South) Limited at £100,000 per annum on a lease expiring 15/10/2022.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.