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37-45 High St 127,545 sq ft 85% Let Retail Property Staines TW18 4QU For Sale
Investment Highlights
- The building is a 1960s department store comprising approximately 10,533 sq m (113,376 sq ft) GIA
- The property sits within the wider Staines Conservation Area
- The building has almost 100% site coverage and up until January 2021 was in use as a Debenhams department store
Executive Summary
This prominent freehold former Debenhams department store occupies a 0.66-acre town-centre site in the heart of Staines-upon-Thames, offering 10,533 sq m (113,376 sq ft) GIA arranged over five floors plus a rear delivery yard, and is offered with vacant possession on behalf of Fixed-Charge Receivers. The property’s scale, footprint (almost 100% site coverage), and strategic position within the Staines Conservation Area and the Spelthorne Emerging Local Plan make it a compelling repositioning or redevelopment opportunity, including mixed-use, residential conversion (Class MA potential), office reconfiguration, or comprehensive new-build schemes—subject to planning. Previous applications indicate the council’s sensitivities, but consultants have highlighted that a robust, well-prepared submission could unlock significant value.
Benefitting from an exceptional location, the building sits directly on the High Street near the Elmsleigh and Two Rivers shopping centres, 500m from Sainsbury’s, 1 km from Staines Station (35 minutes to London Waterloo), 3.5 km from the M25 Junction 13, and within 7.25 km of Heathrow Terminals 4 and 5. The combination of scale, connectivity, vacant possession, and future-use flexibility positions this asset as one of the most substantial town-centre redevelopment opportunities currently available in Surrey.
Benefitting from an exceptional location, the building sits directly on the High Street near the Elmsleigh and Two Rivers shopping centres, 500m from Sainsbury’s, 1 km from Staines Station (35 minutes to London Waterloo), 3.5 km from the M25 Junction 13, and within 7.25 km of Heathrow Terminals 4 and 5. The combination of scale, connectivity, vacant possession, and future-use flexibility positions this asset as one of the most substantial town-centre redevelopment opportunities currently available in Surrey.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Department Store
Property Size
127,545 sq ft
Costar Property Class
B
Year Built
1910
Occupancy Rate
85%
Number of Floors
5
Plot ratio
4.44
Total Plot Size
0.66 ac
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Nearby Major Retailers
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37-45 High St
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