Not to scale. For reference purposes only FOR SALE Exceptional Brownfield Residential Conversion Opportunity Parallel House, Bath Road, Slough, SL1 4AA www.cbre-datahub.co.uk/parallelhouse CENTRAL LONDON SLOUGH SLOUGH PARALLEL HOUSE 1 A4 BATH ROAD Not to scale. For reference purposes only Parallel House, Bath Road, Slough, SL1 4AA www.cbre-datahub.co.uk/parallelhouse SUMMARY Planning permission secured for the provision of 106 private flats 0% Affordable Housing and a minimal s106 contribution agreed A4 BATH ROAD Existing floorspacecomprises c. 38,000 sq ft GIA The site is located 1.5 miles away from Slough Railway Station, with a Crossrail service anticipated to start in December 2019 Site extends 1.08 acres Potential for a comprehensive new build development across the whole site subject to securing the necessary planning consent 2 106 DWELLINGS Planning permission for 106 units with 0% affordable CIRCA 0.44 165,000 15 MIN HECTARES Population Slough Slough to Circa 1.08 acres Est. 2018 London Paddington Not to scale. For reference purposes only Parallel House, Bath Road, Slough, SL1 4AA | www.cbre-datahub.co.uk/parallelhouse LOCATION Slough is a prominent town in East Berkshire with a population of c.165,000 people. Slough has a very strong local economy with many significant local and international businesses with a presence in the town. 3 2 As well as the strength of the local economy Slough also benefits from 6 9 outstanding transport links. It is an excellent commuter town with direct links 5 1 7 to London and Reading. In 2019, Slough is also set to gain from Crossrail 4 which will further enhance its connectivity. Slough is currently benefiting from SLOUGH £450million of investment to redevelop the town centre, the first stage of this urban renewal has delivered the new iconic Library and Cultural centre. 8 10 Salt Hill Park (10 minutes walk from site) comprises c.30 acres of public open space including outdoor sport and playing facilities. The newly opened Slough Ice Arena which asides from an ice rink offers a gym and climbing wall is also located less than a 10-minute walk from the site. 3 PARALLEL HOUSE The site itself is only a 25-minute walk from Slough train station and the town centre amenities which provide a significant retail and leisure offering. 11 1 Slough Train Station 7 The Curve Slough: Library / Museum 2 Tesco Extra 8 Salt Hill Park 3 Sainsbury’s 9 M4 4 Slough Bus Station 10 Montem Leisure Centre 5 Future Works: and Ice Arena New Commercial Quarter A4 ROAD BATH 11 Salt Hill Three Tuns 6 Queensmere Observatory Bus Stop Shopping Centre Not to scale. For reference purposes only Parallel House, Bath Road, Slough, SL1 4AA | www.cbre-datahub.co.uk/parallelhouse SLOUGH ECONOMY A combination of its prime location being within 20 minutes of both Central London and Heathrow, its ample provision of good quality commercial space and the productive local workforce have attracted a strong roster of both international and national businesses to Slough including O2, Lonza, Segro, Black & Decker, Fiat and BA. The strength of the local economy and continued capital investment in Slough has translated to an increase in demand for residential property in the area. Demand has been particularly strong from affluent professionals who work in the town or commute to central London. In the past 5 years average house prices in Slough have increased by 37.41% (House Price). *ONS Business Register of Employment Survey 4 Parallel House, Bath Road, Slough, SL1 4AA | www.cbre-datahub.co.uk/parallelhouse CONNECTIVITY T M By Foot O M AIN DE NH Local Amenities 3 minutes EA D Langley B Local Leisure Facilities (Montem Leisure Centre) 10 minutes AT PARALLEL HOUSE H R OA Park D Slough Train Station 25 minutes A BAT 1 H ROAD HIGH STR By Road EET WEL LING TO 7 M4 (J6) 1 miles N 8 S M TO TR R Slough EAD EE Windsor 3 miles ING T Maidenhead 6 miles Iver M Heathrow Airport 8 miles A Reading 20 miles Langley L O ND O N R O Eton College Upton Court A D M By Train (Slough Train Station) Golf Club Park M Windsor & Eton Central 6 minutes J M M Ditton Maidenhead 7 minutes Park J M Ealing Broadway (District Line & Central Line) 12 minutes LO ND Reading 14 minutes ON R OAD A 5 Paddington - Terminus 15 minutes M Eton 2 COLNB ROO K BYP ASS A COLNBROOK 3 4 Datchet BYPASS Queen Mother Home Park Reservoir 1 Slough Train Station 5 Heathrow Overground Windsor Golf Course Heathrow 2 Windsor & Eton Riverside 6 Heathrow Underground M 6 3 Windsor & Eton Central 7 Iver J Langley 4 Datchet 8 5 Slough has excellent transport connectivity with The nearest international airport is Heathrow, direct, frequent services to Central London and situated less than 20 minutes away by car. quick access to key regional hubs such min as Reading, Maidenhead and Oxford. The Salt Hill Three Tuns Bus Stop is a two minute 32 walk from the front of the site from which there Slough Langley Iver West Drayton Hayes & HarlingtonSouthall Hanwell West Ealing Ealing BroadwayActon Main line Bond Street The introduction of Crossrail in 2019 will offer is a regular service from X74,13 and 583 buses Reading Liverpool St. direct connectivity to Bond Street in under offering direct access to the station and the town 35 minutes and Canary Wharf in 46 minutes. centre. There is also a west bound service which min runs to Maidenhead town centre. 6min 15 The proposed Western Railway Link (anticipated Heathrow Paddington 2024 delivery) will enable reduced journey times from Slough to Heathrow, indicated at 7 minutes. Parallel House, Bath Road, Slough, SL1 4AA | www.cbre-datahub.co.uk/parallelhouse SLOUGH URBAN RENEWAL S T O K Slough council have entered a JV with Morgan E P O G A E Sindell Investments to undertake a £450m S Wexham L A A N E regeneration of Slough in what is known as Godolphin the ‘Heart of Slough’ project. The project 8 Playing Fields 1 2 D A includes significant investment in creating new O R E T G O S D M T I A O R IN K B housing, development of two new Marriot D X EN E G U H R P E A AN AD O D U G NIO E N C Hotels, the redevelopment of the ice rink and S AN A L L A N E some further ‘landmark projects’. The first phase A A L E D of the regeneration was the creation of the G B E ATH R R S Slough O AD 5 R O iconic Curve library and Cultural Centre which A D PARALLEL HOUSE A E G N R BAT A A H RO N AD D L U N S opened in 2017. 7 IO D N C N Tesco Extra A H A I O N GH A U 3 L STREET WELLI R L T N E GTO E D N STR DG G E ET RI E B R 9 UX S A The recently regenerated high street provides a significant retail offering Salt R O A 6 and is home to a wide variety of national and local retailers. Queensmere Hill D Observatory shopping centre is also located in the town centre and in addition 6 to the High Street provides 120+ shops. E N A SU L S SE S X P N Upton LA U CE T M 4 A Chalvey RIVER THAMES M A Lascelles J Park M 1 James Elliman Academy 4 St Mary’s Primary School L ON DO 2 Arbour Park (Football Club) 5 Salt Hill Park N RO AD 3 Claycots Primary School 6 Queensmere Observatory Upton Court A M Park A 7 8 9 Slough Ice Arena (Opened 2018) The Centre (Leisure Centre) Opening early 2019) The Curve (Opened September 2017) Parallel House, Bath Road, Slough, SL1 4AA | www.cbre-datahub.co.uk/parallelhouse OPPORTUNITY Description Planning The site benefits from an existing consent The total site measures 1.08 acres (P/04241/013) which permits a change of use and is a prominent development from serviced apartments (C1) to self-contained residential flats (C3). The granted scheme of 106 opportunity on the Bath Road. flats comprises: 2 The former office building was originally converted 42 x studios 1 to create 64 self-contained serviced apartments (C1) and now benefits from a change of use consent 52 x 1 bed to convert the existing building, as well as adding 12 x 2 bed a two-storey extension above the second floor and a four-storey rear extension to create a flatted residential scheme (C3) comprising of 106 units. The signed s106 includes a £40,000 contribution and an adjustment of the site boundary to Subject to securing the necessary planning accommodate the realignment of the public footpath, permission there is also the possibility of demolishing along the eastern boundary of the site. the existing building and redistributing the floorspace across the site to create an attractive new build scheme. 7 A4 BATH ROAD Not to scale. For reference purposes only CGI 1 2 FURTHER INFORMATION CONTACT Technical Viewings & Technical Meetings Alex Shaw UK Development South East Transactions Currently there are two leases on the car park. Viewings are available by request. These will consist CBRE of a guided tour of the site. All appointments should Both leases can be terminated at short notice, 020 3214 1873 be made by prior arrangement with the sole agents further details are provided in the data room.