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High Street, Slough

South East

£800,000

Listed on 02/01/2023

Property details

Bedrooms
N/A
Type
Property

Description

Situated in the central area of Slough, this property boasts significant investment potential given its prime location along the High Street, just half a mile from Slough train station. The surrounding region offers excellent transport links to London and the Southeast, with further improvements expected with the upcoming Elizabeth Line. The site sits directly opposite the Observatory Shopping Centre, ensuring easy access to diverse retail and leisure activities.

This commercial building currently features a ground floor retail space operating as an Internet Cafe, generating an estimated rental income of approximately £45,000. The ground floor encompasses 600 sq ft, while the upper level consists of a dedicated three-bedroom flat complete with a reception area and bathroom, accessible through a private entrance.

The property presents notable development opportunities for expansion at the rear, with preliminary studies indicating the possibility to create 4-6 additional apartments, pending necessary planning approvals. With neighboring properties successfully extending and converting into residential units, this property is well-positioned for further development.

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Location

High Street, Slough
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,022
Based on a loan of £600,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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