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174-178 High Street, Slough 174-178 High Street, Slough, SL1 1JP

To Let
174-178 High Street, Slough, Slough - Picture 2023-03-10-17-29-10

Agents

Avison Young logo

Avison Young

Use Class

Use Class

E

Size

Size

22,783 sq ft

Rent pa

Rent pa

POA

Price

Price

£3,100,000

Key Features

  • Prime High Street Retailing location in Slough.

  • Freehold property totalling 22,783 sq ft.

  • Let to WH Smith and Savers with a WAULT of 1.91 years.

  • A total rental income of £289,000 pa, reflecting £12.68 per sq. ft.

  • Longer term redevelopment opportunity, subject to necessary planning consents.

  • Offers are sought on both an unconditional and a subject to planning (STP) basis in excess of £3,100,000 (Three Million One Hundred Thousand Pounds) subject to contract and exclusive of VAT. * Where STP offers are received the vendor would welcome proposals for overage.

  • This reflects an attractive net initial yield of 8.76%, assuming purchaser’s costs of 6.42%, equating to £136 psf.

Description

The freehold ownership of 174-178 includes two retail units which front onto the High Street, opposite the entrance to the Queensmere Shopping Centre.

WH Smith is arranged over ground, first, and second floor in part, and the Savers is arranged over ground floor only. Both properties have glazed frontages at ground floor and sit beneath a flat roof. There is land to the rear and some car parking demised to the tenants, that can be accessed via Chapel Street.

Internally the properties are fitted out to the tenant’s typical store fit outs with a large sales area and ancillary to the rear which includes a staff office and facilities.

Accommodation

22,783 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground
3,710
344
Ground and First
19,073
1,771

Financial

Costs

The property is elected for VAT, however it is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC)

Sustainability

An EPC has been commissioned and will be available shortly upon request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 26/10/2023