Halfords 380 Bath Road, Slough, SL1 6JA

Retail warehouse opportunity with redevelopment potential.

Slough is located in the M4 corridor in Berkshire, 25 miles west of Central London and 18 miles east of Reading.

Slough is an affluent town; 29% of the population within a 20 minute drive time classed within the top AB social group.

A highly accessible property, prominently positioned on Bath Road (A4), less than half a mile to Burnham’s CrossRail station, 1 mile from Junction 7 of the M4.

Slough is the closest major retail warehouse destination to London on the M4 corridor and serves a large catchment population with 200,124 people living within a 10 minute drive time and 608,003 people living within a 20 minute drive time.

The property comprises part of the dominant retail warehouse cluster to the west of central Slough, with local occupiers including Sports Direct, Dreams, B&Q, M&S, Next and McDonald’s.

The property totals 11,501 sq ft across ground floor, with 51 car parking spaces (1 : 225 sq ft).

Income secured to low risk, 5A2 rated covenant Halfords Limited.

Newly agreed rent of £250,000 per annum, averaging £21.74 per sq ft.

WAULT to expiry 4.9 years, with lease expiry December 2027.

Freehold site totalling 0.73 acres, giving a site cover of 37%.

Longer term redevelopment opportunities, subject to necessary planning consents.

We are instructed to seek offers in excess of £3,755,000 (Three Million, Seven Hundred and Fifty Five Thousand Pounds), subject to contract and exclusive of VAT.

Offers are invited on the basis of unconditional and a subject to planning (STP) basis.  Where STP offers are received, the vendor would welcome proposals for overage.

This reflects an attractive net initial yield of 6.25%, assuming purchaser’s costs of 6.52%, equating to £326 per sq ft, £5,143,835 per acre.

Offers are invited on the basis of unconditional and a subject to planning (STP) basis. Where STP offers are received, the vendor would welcome proposals for overage