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For Sale by Auction on 29th June 2023, Retail & Office Investment, 7 Mackenzie Street, Slough, SL1 1XQ

1,800 Sq Ft / Retail / Investment

Sold - Last updated: 30 November 2023

For Sale by Auction on 29th June 2023

A mid terraced building of traditional construction arranged over basement, ground and two upper floors. The ground floor provides a retail unit with ancillary accommodation at basement level. The first and second floors are arranged as offices and have separate access from the side of the building. The property may lend itself to alternative uses, subject to obtaining the necessary consents.

Location

Slough is one of the principal towns in the Thames Valley lying on the M4 Corridor approximately 20 miles west of Central London and19 miles north east of Reading. It lies immediately to the north of the M4 motorway, from which it can be accessed via junctions 5, 6 and 7. The M25 intersection (junction 15) lies approximately 4 miles to the east and the M40 motorway lies about 8 miles to the north accessible at junction 2. The A4 (Bath Road) is one of the main commercial locations in the Thames Valley with occupiers including O2, McAfee and Nintendo.

Slough railway station provides regional and national rail services including regular services to London Paddington with a journey time of 15 minutes and London Heathrow Airport lies approximately 5 miles to the south west.

Mackenzie Street forms part of the pedestrianised shopping zone at the western end of High Street running north to Wellington Street. The property lies on its north side with notable nearby occupiers including Greggs, Lloyds Bank, Halifax, HSBC, EE and Vodafone.

Accommodation

Ground Floor - Retail - First Floor - 40.85 sq m (440 sq ft)

Offices - 49.50 sq m (532 sq ft)

Second Floor - Offices - 37.72 sq m (406 sq ft)

Basement - Ancillary - 39.20 sq m (422 sq ft)

TOTAL - 167.27 sq m (1,800 sq ft)

Terms

Tenancy - The property is currently let on a lease for a term of 80 years from 25/03/1947 at a rent of £800 per annum, thus having just under four years until the reversion in 2027. We understand that the property has been sublet for a term of 10 years from 08/03/2003 at a rent of £32,500 per annum. Prospective purchasers are advised to refer to the legal pack in this regard.

Tenure - Freehold

Price - £250,000

Specification

  • Offered on the instructions of Slough Borough Council
  • Freehold reversionary retail and office investment
  • Pedestrianised town centre location
  • Future alternative use potential (subject to consents)
  • Reversion in 2027
  • 6 week completion available
  • Currently producing £800 per annum (1)


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