Mixed use property investment for sale in Staines-upon-Thames

This property is marketed by:
Colliers

Key Features

• Newly built Aldi foodstore inside M25
• Prominently positioned adjacent to the M25 and equidistant between Staines and Egham

Description

The property is situated in Causeway Park, a striking new development positioned between Staines and Egham, adjacent to the M25 (J13). Situated on the southern side of the busy A308 Causeway. The Park also provides Grade A office and industrial space.

The property occupies a substantial site of 1.69 acres (0.684 hectares), benefitting from a low site coverage of 26%. It comprises a 19,679.66 sq ft (1,828.3 sq m) GIA modern, purpose built supermarket that was built in 2023 and is arranged entirely at ground floor level. The foodtsore benefits from full height glazing to the front elevation.

The property has a self contained 80,000 sq ft Shurgard self storage unit arranged over the upper parts.

INVESTMENT OPPORTUNITY

•  HIGHLY AFFLUENT SURREY COMMUTER TOWN WITHIN THE GREATER LONDON URBAN AREA.
• THE PROPERTY IS WELL POSITIONED AT CAUSEWAY PARK,
• A NEW MIXED USE DEVELOPMENT BY AIMCO & XLB, ADJACENT TO THE M25 (J13). 
• A DETACHED 19,680 SQ FT (1,828 SQ M) PURPOSE BUILT FOODSTORE WITH 133 DEMISED CAR PARKING SPACES, PROVIDING A GOOD PARKING RATIO OF 1:148 SQ FT.
• THERE IS LIMITED FOODSTORE COMPETITION IN THE PRIMARY CATCHMENT, WITH NO OTHER ALDI OR LIDL PRESENT IN THE CRITICAL 5 MINUTE DRIVETIME. 
• CURRENT RENT PASSING OF £399,999 PER ANNUM (£20.33 PSF) WITH 5-YEARLY RPI LINKED RENT REVIEWS (COLLAR AND CAP OF 1% AND 3% COMPOUNDED ANNUALLY). 
• ALDI HAVE AN OPTION TO RENEW FOR A FURTHER 15 YEARS. UNDOUBTED COVENANT - ALDI STORES LIMITED, THE FOURTH LARGEST SUPERMARKET IN THE UK WITH A CREDITSAFE RATING OF 100/100.
• LARGE FREEHOLD SITE OF 1.60 ACRES (0.684 HECTARES).