Log In/Sign up
Your email has been sent.
85 High St - The Old Library Site 4,026 sq ft Retail Unit Offered at £725,000 in Slough SL1 1GZ
Investment Highlights
- Town centre retail investment opportunity
- Producing income with a marketed gross yield of 9.35%.
- Prominent High Street frontage in central Slough
Executive Summary
A modern income-producing retail investment comprising two ground floor retail units within the prominent Old Library mixed-use development in central Slough. The units occupy a strong High Street position close to major transport links, retail amenities, hotels and residential accommodation. Fully let to established occupiers and benefiting from rear servicing, the property provides an attractive long leasehold investment opportunity with strong town centre fundamentals.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 9.35% |
| Sale Type | Investment |
| Net Initial Yield | 9.35% |
| Tenure | Long Leasehold |
Description
The accommodation can be found at ground floor level and comprises two retail units, with access to common rear hallway and loading provision with refuse area. There is no car parking allocation to the units.
Sale Notes
The property comprises a long leasehold retail investment situated at ground floor level within The Old Library development in the heart of Slough town centre. The investment consists of two fully let retail units extending to approximately 4,026 sq ft, benefiting from rear loading access and refuse facilities. Unit 1 is let to SMW Slough Limited (t/a Heavenly Desserts) on a 10-year lease from June 2023, while Unit 2 is let to Catering Furniture Ltd on a 10-year lease expiring December 2035. Both leases are on effective full repairing and insuring terms and are contracted outside the Landlord & Tenant Act 1954 security provisions. The long leasehold interest is available for approximately £725,000 and delivers a marketed gross yield of 9.35%. The investment is elected for VAT and offers secure income within a prominent mixed-use town centre development.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 1&2 | 4,026 sq ft | Retail | £725,000 (£180.08/sq ft) | £67,787.50 |
Unit 1&2
| Unit Size |
| 4,026 sq ft |
| Unit Use |
| Retail |
| Price |
| £725,000 (£180.08/sq ft) |
| NOI |
| £67,787.50 |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 1&2
| Unit Size | 4,026 sq ft |
| Unit Use | Retail |
| Price | £725,000 (£180.08/sq ft) |
| NOI | £67,787.50 |
| Sale Type | Investment |
| Net Initial Yield | 9.35% |
| Tenure | Long Leasehold |
| Description | |
| The accommodation can be found at ground floor level and comprises two retail units, with access to common rear hallway and loading provision with refuse area. There is no car parking allocation to the units.</li></ul> | |
| Sale Notes | |
| The property comprises a long leasehold retail investment situated at ground floor level within The Old Library development in the heart of Slough town centre. The investment consists of two fully let retail units extending to approximately 4,026 sq ft, benefiting from rear loading access and refuse facilities. Unit 1 is let to SMW Slough Limited (t/a Heavenly Desserts) on a 10-year lease from June 2023, while Unit 2 is let to Catering Furniture Ltd on a 10-year lease expiring December 2035. Both leases are on effective full repairing and insuring terms and are contracted outside the Landlord & Tenant Act 1954 security provisions. The long leasehold interest is available for approximately £725,000 and delivers a marketed gross yield of 9.35%. The investment is elected for VAT and offers secure income within a prominent mixed-use town centre development.</li></ul> |
Property Facts Sale Pending
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 55,872 sq ft | Floors | 9 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 6,208 sq ft |
| Property Subtype | Apartment | Year Built | 2021 |
| Costar Property Class | B | Total Plot Size | 0.56 ac |
| Total Property Size | 55,872 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 9 |
| Typical Floor Size | 6,208 sq ft |
| Year Built | 2021 |
| Total Plot Size | 0.56 ac |
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
85 High St - The Old Library Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.