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Home , Sevenoaks, Slough railway station

Mixed Use Investment Opportunity

122-124 High Street, SL1 1JF 122-124 High Street, Slough Sl1 1JF

Investment Considerations ■■ Prominent High Street unit totalling 4,643 sq ft ■■ Attractive period building set on the pedestrianised High Street ■■ Freehold ■■ Potential surrender and change of use, subject to obtaining necessary consents ■■ Current rent passing of £104,940 p.a. ■■ Offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. This equates to a net initial yield of 11.02% after allowing for purchasers costs of 5.8%.

Location Slough is a major commercial centre within the Thames Valley located approximately 24 miles west of and 10 miles west of . Communication links are excellent with Junction 5 of the M4 motorway 1 mile to the south which provides access to Junction 15 of the M25 3 miles to the east. The town also benefits from regular rail services to London with a quickest journey time of 17 minutes. Retailing within Slough Slough is also set to benefit from the arrival of in 2018. Retailing in SloughA505 has historically been dominatedStevenage by increased footfall. Major occupiers in the town The towns retail offering will be further improved with Criterion Stansted the Queensmere and Observatory ShoppingLuton Centres. include Debenhams, Primark,Bishop’s TK Maxx, Next A120 Capital and Slough Shopping Centre to redevelop the Situation A418 Knebworth Stortford The prime retail pitch is now perceivedA5 to be the High and MarksA10 & Spencer. There is substantial Queensmere Observatory Shopping Centre which will invigorate A1(M) A602 The property is situated on the southernA44 side of the pedestrianised High M1 A131 Street which is proving to be a more popular location town centre car parking with 900 spaces in A130 Slough town centre. The plans include 911 new homes, Street located adjacent to HSBC with otherA34 nearby occupiers including Welwyn Garden with retailers. A number of tenants have relocated City the Queensmere Centre, 630 spaces within improved pedestrian links between the town centre and Natwest, Starbucks, Virgin, Marks andA40 Spencer, Greggs and Vodafone. out of the schemes onto the High Street as recent the ObservatoryA414 ShoppingM11 Centre and 400 nearby transport hubs, and improved retail and leisure spaces Slough railway station is located approximatelyOXFORD 500m to the north BerkhamstedA41 Hemel spaces adjacent to the railway station. whichA12 will increase the number of visitors to the town centre. improvements to the pedestrianisedHempstead HighSt Street Albans haveHatfield of the property. A4142 Thame M10 A414 A138 A420 J21 A414 A404 Chipping A4010 J20 Epping J23 Ongar J19 J25 M25 J27

2 M25 A1 Enfield 1 4 High M1 M11 Salt HillA130 Park A South Wycombe A355 A413 Oxney Brentwood Slough Harefield Brent J28 M40 W A10 ellin Bloom Park Harrow Cross gton A127 The Property St Ruislip A12 J29 Romford C A404 J16 Hampstead ha d High Street Wembley vle a y o A40 5 RoaBenfleet R Uxbridge d (A4 Southend-on-Sea Henley-on-Thames 5 12) r A34 3 o A4 SLOUGH A Desborough Canveys A13 M25 Stanford-le-Hope d 2 Park n 1 ( ) Southall Islandi 4 A404 M LONDONLondon A J15 City W M4 Fulham Herschel Park Hounslow A2 Windsor Clapham M4 M4 Heathrow A316Richmond U READING pton Road Staines A329(M) Ashford 5 S Egham Kingston J2 5 Upton Court Park 3 l A20 o Bracknall A Upon Thames Eton College u Ascot Bromley Common Argars Pllough g J12 A23 Golf Course h M3 A309 A3 Playing Fields R A322 J3 Rochester Gillingham o Walton-on-Thames Croydon ad Bagshot A232 A21 M2 Sutton M25 M20 Ditton Park Sandhurst M25 Shoreham J10 A217 Biggin Hill The A339 A22 J9 J5 M26 M20 Home Park M3 Famborough Sevenoaks Fleet A331 A3 M25 J8 J7 J6 A34 A26 Redhill Famham A21 A24 A303 M23 Paddock Royal Wood Staplehurst Alton Witley Gatwick Tunbridge Cranleigh A264 Wells A229 A31 Three Bridges North A264 Horsham

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© Crown Copyright, ES 100004106. For identification purposes only.

(NOT IN OCCUPATION)

0m 5m 10m 15m

Ordnance Survey © Crown Copyright 2015. All rights reserved.  Licence number 100022432. Plotted Scale - 1:464 Description  Catchment  The property is arranged to provide a ground floor Slough  has a prosperous  catchment population against a national average of 25% and 29% banking hall with basement storage. The three upper of approximately 242,000. This is set to grow to respectively.  floors are arranged to provide hair and beauty salons on approximately 254,000 by 2016 (Source: Promis). Unemployment within Slough has historically been the first floor with offices on the second and third floors. The success and prosperity of the catchment below the national average with 1.8% of Slough’s There is car parking included in the title of the population is demonstrated by 29% classed population using the Slough Job Centre compared property, however this is not accessible. as AB (most affluent) and 31% classed as C1 to the national average of 2.0%.

Tenancy Schedule

Unit Tenant Lease Start Lease Area sqm Area sq ft Rent Comments Expiry (ITZA) (ITZA) Basement Vacant 35 377 - Ground Alliance & Leicester PLC 4/11/1998 3/11/2018 173.7 1,870 £80,000 Not in occupation (96.6) (1,039) First – Suite A Vacant 60.5 651 - - First – Suite B Kasia Strofowicz 15.5 167 £6,240 Hair and Beauty salon. Occupied by way of a licence. First – Suite C Preeti’s Hair & Beauty 33.2 357 £5,200 Occupied by way of a tenancy at will. Second SS Uppal & L Sangha 08/08/2000 07/08/2010 77.4 833 £13,500 Tenant holding over Third SS Uppal & L Sangha 08/08/2000 07/08/2010 36.1 388 Total 431.4 4,643 £104,940 122-124 High Street, Slough Sl1 1JF

Tenure Freehold

VAT The property is registered for VAT and therefore VAT will be payable on the purchase price or dealt with by way of a TOGC.

EPC The property has been rated E on the EPC scale (112). EPC certificates available upon request.

Proposal Offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. This equates to a net initial yield of 11.02% after allowing for purchasers costs of 5.8%.

For further information or to make arrangements for viewing please contact:

David Hammond Richard Lea Richard How 020 7543 6721 020 7543 6832 020 7543 6825 [email protected] [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design: CommandD www.commandHQ.co.uk 04.15