190-192 High Street, Slough, Berkshire SL1 1JS - Allsop

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190-192 High Street, Slough SL1 1JS Investment Considerations ■■ Prime South East Retail Investment ■■ 100% prime location within the pedestrianised retail pitch ■■ Two well-proportioned refurbished units providing excellent retail accommodation ■■ Approximately 7.25 years unexpired let to two strong 5A1 covenants. ■■ Total current passing rent of £283,000 pa reflecting rebased rental levels ■■ Our client is seeking offers in excess of £3,570,000 (Three Million, Five Hundred and Seventy Thousand Pounds), reflecting a net initial yield of 7.50% assuming costs of purchase at 5.8%. Retailing within Slough Retailing in Slough has historically been dominated by the Queensmere and Observatory Shopping Centres. The prime A4142 retail pitch is now perceived to be the High Street which is proving to be a more popular location with retailers. A number of tenants (including Poundland) have relocated out of the schemes onto the A4047 High Street as recent improvements to the pedestrianised High Street have increased footfall. Major occupiers in the town include Debenhams, Primark, TK Maxx, Next and Marks & Spencer. There is substantial town centre car parking with 900 spaces in A329 the Queensmere Centre and 630 spaces within the Observatory Shopping Centre along with an extensive car park (400 spaces) adjacent to the rail station. A329 The towns retail offering will be further improved as Criterion M4 Capital and Slough Shopping Centre bring forward proposals to redevelop the Queensmere Observatory Shopping Centre which will invigorate A4 Slough town centre. The plans include 911 new homes, improved pedestrian links between the town centre and nearby transport hubs and improve retail and leisure spaces which will increase the number of visitors to the town centre. A34 A339 A5 M11 A505 M1 Stevenage A131 A418 Dunstable A120 Stansted Luton A5 Luton A1(M) Bishop’s A120 A120 A120 Knebworth A41 A10 Stortford A418 A602 M40 A5 M1 A1(M) M11 A131 A130 Aylesbury Welwyn Garden A41 A10 City Hertford A12 A1(M) A414 A414 M11 M1 A130 A41 Hemel Harlow A12 Hempstead St Albans Hatfield A4010 M10 Chelmsford A138 A41 A414 J21 A1(M) A10 A414 A414 M40 M25 M11 Potters Bar J20 Epping Chipping M1 J23 M25 Ongar A12 J19 J25 A130 A404 M25 J27 A4010 Borehamwood M25 Watford Location A1 Enfield M25 High Rickmansworth M1 A10 M11 A12 A355 M40 Wycombe A413 South M25 Oxney M40 M1 Harefield Harrow Brent A4130 M40 Ruislip Cross A404 J16 A10 A4155 A40 Wembely Henley-on-Thames Uxbridge A40 A4047 Maidenhead M25 SLOUGH A4 A4 A404(M) LONDON Bray Eton J15 M4 M4 M4 Fulham A321 Windsor Hounslow M25 Heathrow READING Richmond Clapham A316 A4 A329(M) A3095 Staines Ashford Kingston J2 A2 M4 Upon Thames A20 Wokingham Ascot A2 A30 J12 M3 Bromley A309 A23 Situation A3 A33 A322 A321 M3 A24 A3095 Croydon A327 Weybridge A232 A232 M25 Sutton A3 A21 Sandhurst A217 A30 M3 Epsom J10 Woking A24 M25 A23 Biggin Hill A22 J9 J5 M26 M20 A33 A30 M3 Farnborough A3 A217 Sevenoaks A229 A26 Fleet A331 M25 M25 Maidstone M20 Basingstoke A24 J8 J7 J6 A21 Aldershot Guildford Oxted A3 Reigate M23 Billericay A130 Slough is Brentwood a major commercial centre within the Thames Valley located Woodford J28 Wickford Green approximately A12 38 km (24 miles) west of London and 16 km (10 miles) west of M25 A12 A127 Heathrow Airport. J29 Communication A130 Ilford Romford Basildon links are excellent with Junction 5 of the M4 A12 Barking motorway within a mile of the town Benfleet centre which, in turn, connects with the M25, A13 Southend-on-Sea A13 3 miles A13 to the east. Stanford-le-Hope There are frequent Canveyrail services to London (Paddington) with M25 Island an average journey A13 time of 27 minutes. The town’s communications will be further A2 improved when Crossrail comes online in 2017/18. A20 Dartford A2 M25 Gravesend Sheerness Swanley J3 Rochester Gillingham The property occupies a 100% M2 prime position on the southern side of the M25 M20 pedestrianised High Street located opposite Sittingbourne the Queensmere Shopping Centre. Shoreham Snodland M2 Boots, BHS, Top Man, River Island and W H Smith are all within close proximity.
DENIM & HIDE ENS WEAR ED E C 9 BANK SPORTS DIRECT.COM 11 SPORTS GOODS ZIE STREET EDESTRIANS ONLY) 128 THOMSON 135 - 137 ROBERT DYAS VARIETY STORE ASTON BOND SOLIC TRAV AG VODAFONE TELEPHONES 139 ENT OP 75 - 77 141 VIRGIN MEDIA 78 - 79 TELEPHONES 143 61 TOBACCO POINT 74C - 74D MACKENZIE MALL VACANT SITE K2 ENT QUICKSILVER AMUSEMENTS 7 - 9 K1 WELLBEING PHONEWORLD TELEPHONES HALIFAX 145 NATUR THPY BANK 5 3 CHURCH STREET OFFICE 1 EYE CENTRE GLAMOUR HAIRDRESSING SMOKEYS GRILL TAKE AWAY VACANT SE A OPTICIAN MARKS & SPENCER STARBUCKS CO COFFEE SH VARIETY STORE (2 RETAIL FLOORS) P H GARDEN 147 - 153 146 - 148 COFFEE SHOP BURGER KING THE CARPHON WAREHOUSE FAST FOOD RESTAURANT TELEPHONES 150 - 152 YOUR STYLE FIRST CHOICE 69 LADIES & MENS WEAR TRAVEL AGENT 3 STORE MOBILE PHONES MALL 70 TELEPHONES 155 - 163 TELEPHONES BRITISH HEART FOUNDATION 71 VACANT DEBENHAMS CHARITY SHOP 55 CHELTENHAM & GLOUCESTER ACCESSORIZE L ACCESS H PHONES 4U TELEPHONES DEPARTMENT STORE BANK 72A (PEDESTRIANS ONLY) T-MOBILE CL CLARKS TELEPHONES O2 VEND TELEPHONES SHOES THE WORKS REED JD APPLE SNOW BOOKS TRAVE ENT T ENT TO EMP AGY LADIES WEAR HAPPIER THE BODY SHOP NATIONWIDE FURNITUR HLTH&BEA 38 BUILDING SOCIETY PIZZA HUT MCDONALD`S LIFESTYLE W THE BARBER SHOP RESTAURANT FAST FOOD RESTAURANT HOUSEHOLD G 39B D & O NAIL SPA BEAU SAL SAVERS VACANT POUNDWORLD HEALTH & BEAUTY B&M ERNEST JONES WHSMITH JEWELLER DISCOUNT STORE PO O2 NEWSAGENT & BOOKS NEXT HOUSEHO KFC TELEPHONES POST OFFICE BOOTS OFFICE SABINO HAIR F/FD REST BLUE INC MENS WEAR TIP TOP FASHIONS LADIES WEAR LADIES & MENS WEAR CHEMIST ORANGE TELEPHONES AERO MISS LELDA LADIES WEAR NANDO`S PORTUGUESE RESTAURANT CHOPSTIX NOODLE BAR CHINESE REST VACANT THE CAB CO TAXI HIRE KEBABISH FOOT LOCKER EMPIRE WILLIAM HILL NEW LOOK OPTICAL EXPRESS DRAGON KING CANCER RESEARCH UK VACANT CINEMA TAKE AWAY CHARITY SHOP FURNITURE BETTING OFFICE SPORTS GOODS CHINESE RESTAURANT RIVER ISLAND LADIES WEAR OPTICIAN LADIES & MENS WEAR BARONJON CLINTON CARDS & GIFTS ROTARY CLUB OF SLOUGH MENS WEAR NEW VISION EXPRESS CAFE JD FASHION LOOK H SAMUEL CULTURE QUEENSMERE NEWSAGENT 39 - 40 20 76 BUY THE BOOK VACANT FRAGRANCE SHOP HLTH&BEA TIMPSON CEX GAMESTATION POUNDLAND F HINDS HERBERT BROWN JEWELLER CHOICE KAZA HOME STYLE GRANNY`S SECRETS CARD FACTORY CALENDAR CLUB SHOPPERS PRIDE BHS PHONES 4U BARCLAYS HOLLAND & BARRETT WARREN JAMES SCOOPS JEWELLER GIFTS CAFE VACANT CLOTHING BAKER COMMUNITY CENTRE OPTICIAN L/WR&M/WR SHOE REP JEWELLER SPORTS GOODS 25 BOOKS 10 COMPUTER GAMES DISCOUNT STORE COMPUTER GAMES VACANT ANN SUMMERS LINGERIE 16 PAWNBROKER SPECSAVERS SHOES OPTICIAN HOUSEHOLD GOODS ICELAND SUBWAY SANDWICH BAR CARDS & GIFTS HEALTH FOOD FROZEN FOOD SANTANDER AMUSEMENTS BANK MOBILE`S REPAIR CENTRE TELEPHONES MILLIE`S COOKIES CONF & BIS & BASKIN ROBBINS I/CREAM PARL AMC UK LADIES WEAR TELEPHONES ARIETY STORE BANK CHILDRENS WEAR DIFFUSION PERFUME WAREHOUSE HEALTH & BEAUTY VACANT 46A TOPSHOP LADIES WEAR T K MAXX CLOTHING (2 RETAIL FLOORS) 156 158 164 - 166 164 202 154 162 204 210 - 212 CHAPEL STREET 52 - 53 160 73 74A (5 RETAIL FLOORS) 165 101 86 104 - 105 (2 RETAIL FLOORS) VACANT SITE 103 74B 102 LEOPOLD MALL 38A ELLIMAN SQUARE 39A 37 166 176 172 (2 RETAIL FLOORS) 174 106 - 109 QUEENSMERE 39 HIGH STREET & LINGS (2 RETAIL F 9 9 111 46 - 55 (2 RETAIL FLOORS) PARK STREET 10 46 76A 184 4 6 8 44 (600) (ESTIMATED) 42 - 43 45 38 REY 117 36 186 (2 RETAIL FLOORS) LIFTS 35 ENTRANCE TOWN SQUARE 188 19 19B 19A 34 14 118 CURZON MALL 190 4 119 24A 7 28 3 192 17A 23 12 120 - 121 30 - 32 10 CHANDOS MALL 11 1 194 - 196 122 2 1 198 ENT 48 200 46B 46 43 RAMP 44 42 WEST MALL BUS LANE & 39 - 41 TOPMAN WEST ONE LADIES WEAR MENS WEAR 206 - 208 VACANT 30 - 40 37 SERVICE YARD KAMELEON LADIES & MENS WEAR RISKY 221 35 ENTRANCE 99P STORES DISCOUNT STORE HOUSEHOLD GOODS 223 GREGGS BAKER MIRAGE JEWELLER OFFICE 33 225 PRESTIGE SHOPPING CENTRE QUEENSMERE RO BARNARDO`S CLOTHING CHARITY SHOP 227 218 - 220 SELECT VACANT 31 DEJA VU LADIES WEAR CAFE BRIGHTHOUSE 229 - 231 222 - 224 © Crown Copyright, ES 100004106. For identification purposes only. 37A BLOOMING DOR 28 TREE MENS WEAR NORTH 29 HOUSEHOLD GOODS HOME ENTERTAINMENT 24 (2 RETAIL FLOORS) ANT SITE Catchment Slough has a prosperous catchment population of approximately 242,000. This is set to grow to approximately 254,000 by 2016 (Source: Promis). The success and prosperity of the catchment population is demonstrated by 29% being classed as AB (most affluent) and 31% being classed as C1 against a national average of 25% and 29% respectively. Unemployment within Slough has historically been below the national average and is currently 3.7% compared to the national average of 3.8%. Description Both properties provide ground floor retail accommodation with staff and storage accommodation on the first floor. There is part second floor accommodation which is not used by either tenant. Accommodation The property comprises the following approximate areas: 190 High Street (JD Sports) 45 metres 192 High Street (Poundland) Ground Floor 3,920 sq ft 5,787 sq ft First Floor 3,328 sq ft 5,375 sq ft Second Floor Not inspected by Allsop ITZA 1,233 sq ft 1,484 sq ft Tenure Freehold. Tenancy 190 High Street is let to JD Sports Fashion Plc for a term of 10 years from 6th September 2010 on full repairing and insuring terms, subject to 5 yearly upward only reviews. The current passing rent is £115,000 per annum exclusive. 192 High Street is let to Poundland Limited for a term of 10 years from 13th September 2010 on full repairing and insuring terms subject to 5 yearly upward only reviews at a passing rent of £168,000 per annum. The total rent is £283,000 pa.
Page 1: Retail Investment 190-192 High Stre

190-192 High Street, Slough, Berkshire SL1 1JS - Allsop

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