On the instructions of V Liddell mrics and A Kisby mrics of Allsop LLP acting as Joint Fixed Charge Receivers

THE OLD POST OFFICE 110-114 HIGH STREET MAIDENHEAD SL6 1PT

FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY THE OLD POST OFFICE, 110-114 HIGH STREET, MAIDENHEAD BERKSHIRE SL6 1PT

FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY

INVESTMENT CONSIDERATIONS ■■ Prominent three storey 19th Century building extending to approximately 909 sq m (9,780 sq ft) GIA with a modern extension and yard to the rear ■■ Freehold ■■ Total site area of approximately 0.109 hectares (0.27 acres) ■■ Located on Maidenhead High Street close to Nicholsons Shopping Centre ■■ Key commuter town soon to benefit from ■■ Implemented consent for 32 residential flats with a retail unit at ground floor level ■■ Additional consent for conversion of existing B1 office accommodation to 10 residential flats ■■ Offers in excess of £2,750,000 are invited for the Freehold interest, subject to contract THE OLD POST OFFICE, 110-114 HIGH STREET, MAIDENHEAD BERKSHIRE SL6 1PT

FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY

A505 Stevenage A 131 Dunstable A 120 Stansted A5 Luton Bishop’s A 120 A 120 A 120 A418 A10 Knebworth A602 Stortford

A 131 Welwyn Garden A130 M1 City Hertford A414 A414 M 11 A 12 A41 Hemel Harlow Hatfield Hempstead M10 A138 A414 A1(M) A10 A414 A4010 A404 Potters Bar Epping Chipping M25 Ongar A 12

Watford A1 Enfield A130 High Rickmansworth M1 North M 11 A355 Wycombe A 413 South Finchley Oxney Chigwell M40 Stamford Harefield Harrow Brent Hill Walthamstow A 12 A 127 Ruislip Basildon A404 Cross A10 Romford © Crown Copyright, ES 100004106. For identification purposes only. Holloway Wembely Benfleet MAIDENHEAD Uxbridge A40 Stratford A 13 M25 A 13 M4 M4 Windsor Heathrow Clapham A20 Richmond Dartford M25 A 316 A2 Staines Gravesend Sheerness A20 A2 A309 A3 A322 Rochester M3 A24 Croydon Weybridge A232 A 21 M20 A243 Epsom Snodland M2 Woking A23 Biggin Hill A22 M26 M20 A3 A 217 LOCATION CONNECTIVITY A 331 TENURE M25 Maidstone

The property is situated in the centre of Maidenhead within The Thames Valley in Berkshire. Maidenhead is a key commuter town located in the heart of The Thames Valley and is GuildfordThe property is held Freehold underReigate the Title Number BK181230 A 21 A26 The property is located on the northern side of the High Street, close to its junction with the situated approximately 48 km (30 miles) west of London, 11km (7 miles) west of Slough Redhill A229 roundabout on Way. and 25km (15 miles) east of Reading. A 31 A24 DESCRIPTION A22 Tonbridge Maidenhead is home to ample national and local shops, restaurants, cafes and The property is located 0.8 km (0.5 miles) from Maidenhead Railway Station, which provides M23 restaurants. Nearby occupiers include W H Smith, Poundland, Barclays Bank, Costa services to London Paddington (40 minutes), Reading (15 minutes), and Newbury (35 minutes). The property occupies a broadly rectangular site of approximately 0.109 hectares Royal Staplehurst Coffee, McDonalds, and Boots. Further amenities are located just 200 ft from the property Maidenhead will soon benefit from Crossrail, reducing journey time to London Paddington in (0.27 acres). It comprises a prominentGatwick period three storey building built circa 1890. Tunbridge in Nicholsons Shopping Centre, which provides an abundance of amenities including 37 minutes, Bond street in 26 minutes, and Canary Wharf to 55 minutes. The property is a vacant former Post Office building comprisingA264 retail accommodation Wells A229 supermarkets, shops, cafes and restaurants. The town offers an array of leisure amenities A number of bus routes serve the town providing access to the town centre and surrounding on the lower ground and ground floors with office accommodation on the first and A3 Three Bridges including an Odeon Cinema, Magnet Leisure Centre and plenty of green space including towns. Maidenhead benefits from excellent road links and is situated 2 miles north of the second floors. The building extends to approximately 909 sq m (9,780 sq ft) GIA. A 21 Kidswell Park and Grenfell Park, both a short distance from the property. , providing access into London, the M25 and to the West. The property is There is also a modern brick flat A264roof extension to the rear of the property and a large A26 also situated just 2 miles east of the A404(M) which provides links north to Aylesbury and yard, which can be accessed from the rear on West Street. south to the M40, with further connections to and Birmingham to the northwest Horsham and London to the east. A22

Haywards A23 Heath A24 Burgess Hill THE OLD POST OFFICE, 110-114 HIGH STREET, MAIDENHEAD BERKSHIRE SL6Maidenhea 1PT d

FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY

DEMOGRAPHICS The 2011 Census indicated that the Borough has 144,560 residents, which is projected to see substantial population growth over the period to 2031. A high proportion of the population (81%) is economically active, aged between 16 - 64 years, which is higher than the national average (76.9%). The Borough has a low unemployment rate of 3.4% in comparison to the national average of 4.8% (2016).

REGENERATION VACANT Maidenhead continues to be at the forefront of regeneration strategies within the Thames Valley.

VACANT Served by excellent rail links to London and the West, HELPING HANDS CARE VACANT

VACANT Maidenhead is coined as a key commuter and AND NURSING HOME business hub in the Borough and wider Thames Valley. This is expected to be enhanced once the Elizabeth Line opens, as Maidenhead will be one of the main SHEEOH stations, easing access into London and supporting the FITNESS SPACE development of housing and business in the area. Thus INSIGHT OPTICIANS

Maidenhead is identified a strategic growth location. FUN TECH The Borough Local Plan 2013 -2033, which is under examination, identifies the land to the rear RAYMIA of the property on the north side of West Street as a site allocated for housing development. The site encompasses approximately 1.13 hectares (2.8 acres) for the development of 240 residential units as part of a mixed-use development, and to provide a link between this site and the High Street in order to enhance the town centre.

RETAIL Maidenhead benefits from an abundance of retail amenities, anchored by the Nicholsons Shopping Centre and the High Street. The shopping centre is home to an array of national and local retailers including Tesco, H&M, W H Smith, Iceland and Superdrug. The Maidenhead Town Centre Area Action Plan (MTCAAP) continues to set out policies that allocate sites to sustain the future retail needs for the town’s growing population and activities. The Local Plan looks to support development proposals for residential use on the upper floors within the centre of North the town as part of its place making impetus. © Crown Copyright, ES 100004106. For identification purposes only.

6 MINS Experian Goad Plan Created: 17/09/2019 50 metres Forest CreatedHarold By: Allsop BOND Stratford Gate Ilford Goodmayes Romford Wood Shenfield STREET Copyright and confidentiality Experian, 2019. © Crown copyright and For more information on our products and services: database rights 2019. OS 100019885 Hayes & Ealing Marylanwww.experian.co.uk/goadd Manor Seve |n [email protected] Gidea Brentwoo | 0845d 601 6011 Slough Iver Harlington Hanwell Broadway Farringdon Whitechapel Park Kings Heath Park

Custom Burnham Langley West Southall West Acton Tottenham Liverpool Abbey House Drayton Ealing Main Line Court Road Street Wood MAIDENHEAD PADDINGTON Heathrow Woolwich Airport MINS CANARY Surface line WHARF Tunnel MINS Portal (tunnel entrance and exit) THE OLD POST OFFICE, 110-114 HIGH STREET, MAIDENHEAD BERKSHIRE SL6 1PT

FREEHOLD MIXED-USE DEVELOPMENT OPPORTUNITY

PLANNING Local Planning Authority Royal Borough of Windsor and Maidenhead Website: www3.rbwm.gov.uk Telephone: 01628 683810 The site is not listed, but falls within the Maidenhead Town Centre Conservation Area. The property benefits from two planning consents which are highlighted below: Planning permission was granted in July 2009 for the conversion of the existing B1 office accommodation to residential and a four storey extension to the rear. The consent includes 32 residential units, of which 10 (30%) will be affordable units. The scheme also includes a car park at ground floor level under a podium to accommodate 17 car parking spaces. 09/00728/CAC Change of use of first, second and third floors of existing building from offices to residential plus rear extension to form a 4 storey residential building (32 apartments in total). Demolition of existing rear extension. There is confirmation from Windsor and Maidenhead Council that the consent has been implemented, this is available in the dataroom. The site benefits from Prior Approval consent for conversion of the existing B1 office accommodation to 10 residential flats, which was granted in September 2017. 17/02919/CLASSO Change of use from offices (use class B1a) to 10 residential units (use class C3). ASKING PRICE EPC FURTHER INFORMATION Offers in excess of £2,750,000 are invited for the Freehold interest, Available on request. Further information is available at: subject to contract. www.theoldpostoffice-maidenhead.co.uk VAT • Title Documents For further information or to make arrangements for viewing please contact: TBC. • Existing & Proposed Plans • Planning Documents Richard How Victoria Barron AML 020 7344 2652 020 7344 2636 A successful bidder will be required to provide the usual information to satisfy the AML requirements when Head of Terms are agreed. [email protected] [email protected] 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 09.19