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    Withdrawn Prior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
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • Status Withdrawn Prior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

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.

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

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

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  

(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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.21
    File Size
    486 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.21
    File Size
    833 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP
Lucy Elsom 0113 283 4524lucy.elsom@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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