Sold

Staines-Upon-Thames – Prime South East Development Opportunity

Debenhams Department Store, 37-45 High Street, Staines-Upon-Thames, TW18 4QU

Offers in excess of £12,000,000

Property Types:
Commercial, Development Opportunity
Sub Type:
Retail

Description

  • Mixed use development opportunity located within the heart of Staines-upon-Thames
  • Town Centre location benefitting from easy access to M25
  • Staines Railway Station (35 minutes to London Waterloo) situated 0.5 miles from the site
  • Existing detached property occupies a 0.66 acre site and comprises 1960’s department store comprising 10,533 sq m (113,376 sq ft) GIA over five levels (excluding the outbuildings)
  • Site allocated for redevelopment within Spelthorne Emerging Local Plan
  • Positive pre-application response for a residential-led development of 274 units (146 x one bed, 114 x two bed, 14 x three bed) and 453 sq m (4,876 sq ft) of commercial accommodation comprising 26,202.2 sq m (282,038 sq ft) GIA
  • Freehold and part long leasehold (999 year) interest with the benefit of vacant possession
  • The property is VAT elected

Subject to contract