R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T

H I G H L Y A T T R A C T I V E R E P O S I T I O N I N G O P P O R T U N I T Y

R I D I N G C O U R T H O U S E& D R G H O U S E

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 2

Riding Court House

• Vacant possession repositioning opportunity within a stunning country manor setting

• Well-located in Datchet, Berkshire offering excellent road and rail links into London, the Thames Valley and London Heathrow Airport

• The property comprises two buildings; Riding Court House and DRG House, with a combined NIA of 15,289 sq ft

• A parking provision of 64 spaces equating to a ratio of 1:239 sq ft

• Site area of 1.76 acres

• The property is set within highly attractive and historic grounds creating a bespoke environment, unmatched by town centre stock

• The Thames Valley office market is currently experiencing a highly favourable occupational dynamic with exceptionally low levels of supply and strong occupier demand

• Buildings offer flexibility due to the ability to let separately or as a whole

• Freehold

I N V E S T M E N T S U M M A R Y

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 3

DRG House

Offers are sought in excess of £3,440,000 (Three Million Four Hundred and Forty Thousand Pounds), equating to a low capital value of £225 psf

L O C A T I O N

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 4

Datchet is an attractive village in the Royal Borough of Windsor and Maidenhead. Strategically positioned between J5 and J6 of the M4 it benefits from excellent connectivity to key Thames Valley locations such as Slough, Maidenhead, Windsor and London Heathrow Airport.

Datchet is served by Datchet railway station which offers local commuter services as well as a direct train to London Waterloo twice an hour (52 mins). Given its proximity, Slough railway station provides additional services, offering a direct route to London Paddington in 17 mins.

Datchet is set to be a beneficiary of the opening of the Elizabeth Line. Once open in 2021 Crossrail will pass through the nearby Slough Station, significantly enhancing connectivity across the Thames Valley as well as into Heathrow and Central London.

M4

M3

M25

M40A1(M)

A40

A406

A4

A30

A30

A3

A24

A24A3

A308A308

A309

A243

A322

A331

A4

A404

A33

A308

MAIDENHEAD

WINDSOR

BEACONSFIELD

UXBRIDGE

EALING

RICHMOND

CHISWICK

HAMMERSMITH

LONDON

KINGSTON

HARROW

STAINES

WEYBRIDGE

EPSOM

STOCKLEY PARK

READING

BRACKNELL

WOKING

CAMBERLEY

FARNBOROUGH

HEATHROW

M25

M4 1

1

1

45

68

10

8

9

910

3

4

5

12

13

14

15

16

111

2

3

A217

7 DATCHET

SLOUGH

DIT

TON

PA

RK

RD

RIDING CT RD

ETON RD

B376

B

376

HORTON RD

DIT

TON

RD

B4

70

LONDON RD

B470

LONDON RD

HIG

H S

T

LONDON RD

M4

M4

5

DATCHET

DITTON PARK

THE QUEEN MOTHER RESERVOIR

UPTON COURT PARK

J6 M4 / READINGJ15 M25 /LONDON

DATCHET

RIDING CT

R I D I N G C O U R T H O U S E& D R G H O U S E

N

S I T U A T I O N

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 5

The property is located on a prominent site fronting the M4 motorway, to the north east of Datchet centre.

The wider site comprises an historic country manor dating back to the 17th century. More recently the manor house itself and various out buildings have been converted to office use, in the present day the property presents as one of the most idyllic micro-office locations in the south east.

Slough 2.6 miles

Windsor 2.4 miles

London Heathrow 6.0 miles

Maidenhead 11.5 miles

Bracknell 11.5 miles

London West End 21 miles

Maidenhead 4 minutes

Windsor & Eton 6 minutes

Reading 12 minutes

London Paddington 17 minutes

London Heathrow 25 minutes

From Slough

Reading 12 minutes

London Heathrow 17 minutes

Bond Street 32 minutes

Farringdon 37 minutes

Canary Wharf 46 minutes

Crossrail from Slough(Due 2021)

Boundary is for illustrative purposes only, title documents are available on request.

R I D I N G C O U R TH O U S E

D R G H O U S E

D E S C R I P T I O N

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 6

Riding Court House

Riding Court House is an 18th century re-build of a 17th century Grade II listed manor house. The building is set over two storeys and provides attractive office accommodation. It benefits from an integrated cafeteria which is located in the rear extension. The internal specification is as follows;

• Air conditioning (portable cassettes) in part

• Perimeter trunking

• Suspended ceiling

• Mix of Category II and LED lighting

• On-site canteen

• WC’s

• Large garden with feature pond

Accomodation

The property has been measured in accordance with The RICS Code of Measuring Practice (6th Edition, 2007) and IPMS 3-Office as set out in the IPMS Standards, RICS Property Measurement (1st Edition, May 2015). GIA and IPMS areas are available on request.

Floor NIA SQ FT NIA SQ M

Second 662 61.5

Second (storage) 493 45.8

First 3,015 280.1

First (ancillary) 19 1.8

Ground 4,683 435.1

Ground (storage) 461 4.3

Ground (ancillary) 86 8.0

Reception 432 40.1

Basement 536 49.8

Total 9,972 926.5 Indicative ground floor plan not to scale.

TOTAL NIA: 487.5 sq m 5248 sq ft

The following has been EXCLUDED from the TOTAL NIA:

OFFICE

STORAGE

ANCILLARY

RECEPTION 432 sq ft40.1 sq m

86 sq ft8.0 sq m

46 sq ft4.3 sq m

4684 sq ft435.1 sq m

Net Internal Area

Door Recess 11 sq ft1.0 sq m

Gross Internal Area

6265 sq ft582.0 sq mGIA

Scaled for presentation purposes

Issue A

Notes:

AREA PLAN

+44(0)1582 765566 www.plowmancraven.co.uk

Regulated by RICS

Revisions:A - Original Issue (May 2019)

May 2019

Condition of Site:OccupiedVacant

Heavy Fit-Out

Shell & Core

Under Construction

Cat A Fit-Out

Dwg No. 42084-RH-AG

Riding Court HouseGround Floor

This drawing complies with the RICS Code of Measuring Practice, 6th edition (September 2007) and indicates the extent of the areas quoted, produced to an accuracycommensurate with standard presentation scales. It is held in a scaled digital CAD format.

The following has been INCLUDED in the TOTAL NIA:

Steps 18 sq ft1.7 sq m

RIDING COURTRiding Court Road, SLOUGH, SL3

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DRG House

DRG House is a refurbished barn conversion providing two storeys of office accommodation. The office space is well specified. Key features include;

• Air conditioning (wall mounted cassettes in part)

• Perimeter trunking

• Suspended ceilings

• Category II lighting

• Onsite parking spaces

Accomodation

The property has been measured in accordance with The RICS Code of Measuring Practice (6th Edition, 2007) and IPMS 3-Office as set out in the IPMS Standards, RICS

Floor NIA SQ FT NIA SQ M

First 2,198 204.2

Ground 3,097 287.7

Ground (storage) 22 2.0

Total 5,317 493.9 TOTAL NIA: 289.7 sq m 3119 sq ft

The following has been EXCLUDED from the TOTAL NIA:

OFFICE

STORAGE 22 sq ft2.0 sq m

3097 sq ft287.7 sq m

Net Internal Area

Restricted Headroom 38 sq ft3.5 sq m

Gross Internal Area

3694 sq ft343.2 sq mGIA

Scaled for presentation purposes

Issue A

Notes:

AREA PLAN

+44(0)1582 765566 www.plowmancraven.co.uk

Regulated by RICS

Revisions:A - Original Issue (May 2019)

May 2019

Condition of Site:OccupiedVacant

Heavy Fit-Out

Shell & Core

Under Construction

Cat A Fit-Out

Dwg No. 42084-DRC-AG

DRC HouseGround Floor

This drawing complies with the RICS Code of Measuring Practice, 6th edition (September 2007) and indicates the extent of the areas quoted, produced to an accuracycommensurate with standard presentation scales. It is held in a scaled digital CAD format.

Riding Court Road, SLOUGH, SL3RIDING COURT

Indicative ground floor plan not to scale.

O C C U P A T I O N A L M A R K E T

Take-up in the South East office market was 2.4 million sq ft in H2 2018, bringing the year total to 3.5 million sq ft, the highest since 2007.

2018 saw a marked slowdown in speculative development with only 9 schemes completing, delivering 685,000 sq ft across the South East. This compares to circa 2 million sq ft delivered in both 2016 and 2017. Grade A availability consequently declined by 21% from 2017 and 13% below the 5-year average.

The shortage in supply has driven strong rental growth in various locations across the south east and particularly the Thames Valley in and around Datchet. Examples are £36.00 per sq ft in Slough, £27.50 psf in Milton Keynes, £38.00 psf in Reading and £33.00 psf in Woking.

O F F I C E I N V E S T M E N T M A R K E T

Buoyed by an exceptional occupational story the south east office investment market continues to benefit from strong investor demand. In a market typified by stock shortages; driven by a constrained development pipeline and loss of stock to alternative uses, the south east is benefitting from a highly favourable occupational dynamic.

The lack of available new build product increases the appeal of standing stock. Assets which facilitate refurbishment and repositioning strategies provide investors an attractive opportunity to capitalise on the current market dynamic by securing occupiers and driving rental values forward.

Riding Court House and DRG House provide an investor the rare and attractive opportunity to deliver a highly bespoke working environment in a well-connected Thames Valley location.

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 8

Relevant office leasing activity

Date Address Area (sq ft)

Tenant Lease Term

(break)

Rent (psf)

Incentive

Feb-2019

The Switch,The Grove, Slough 9,429 Michael Page

Recruitment 10 (5) £25.50 18 months

Jan-2019

4 Longwalk Road, Stockley Park 11,000 Coats Group 12 £39.25 15 months

Dec-2018

Record Store, The Old Vinyl Factory, Hayes

7,000 ADI Group 10 (5) £33.50 Confidential

Oct-2018

234 Bath Road, Slough 18,000 Indivior 10 (5) £32.50 Confidential

Oct-2017

Vista, Windsor 3,142 Wishworks 10 (5) £32.50 8.5 months

Jun-2017

Minton Place, Windsor 3,239 Pathways 10 (5) £30.00 12 months

Relevant office VP comparables

Date Address PurchasePrice (psf)

Area (sq ft)

TenancyDetails

Vendor Purchaser

Apr-2019

Sovereign Gate,Brentwood

£9.4m(£420) 22,331 Vacant

PossessionMetropolitan

PolicePlanehouse

Limited

Mar-2019

Mellon House,Brentwood

£12.97m(£255) 50,867 Vacant

PossessionPrivateInvestor

Land CharterHomes

Feb-2019

Goodrich HouseTeddington

£3.37m(£303) 11,137 Vacant

PossessionBMT

GroupArvan

Limited

Jan-2019

Kestrel Court, Chertsey

£2.82m(£292) 9,658 Vacant

PossessionPrivateInvestor

OwnerOccupier

Dec-2018

15 Bath Road, Slough

£3.55m(£320) 11,082 Vacant

PossessionBurgerKing

PrivateInvestor

Dec-2018

51 Belmont Road, Uxbridge

£3.34m(£263) 12,704 Vacant

Possession Aviva WestcombeGroup

Nov-2018

4 Chalfont Park, Gerrards Cross

£7.4m(£286) 25,857 Vacant

PossessionKennedyWilson

StonegateHomes

T E N U R EFreehold. Title documents available on request.

S I T E A R E A1.76 acres.

P L A N N I N GThe property sits within the Royal Borough of Windsor and Maidenhead. Under the current Adopted Local Plan the property is allocated as Green Belt.

The Adopted Local Plan is due to be replaced by the Borough Local Plan. In current drafting the property will continue its Green Belt allocation.

Riding House Court House is a Grade II listed property.

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 0 9

R E S I D E N T I A L M A R K E TThe Thames Valley residential market continues to strengthen. Accessibility to London and the growth of key towns and cities attracts commuters and indigenous workers alike. The delivery of key transport infrastructure is set to further enhance this.

Datchet and the wider Slough location are particularly attractive. Residential capital values in excess of £500 psf can be achieved.

Given the history of the property there is the possibility to explore residential use, subject to planning and the necessary consents.

R I D I N G C O U R T R O A D , D A T C H E T S L 3 9 J T 1 0

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R I D I N G C O U R T H O U S E& D R G H O U S E

SUBJECT TO CONTRACT – June 2019DISCLAIMER: CBRE LIMITEDCBRE Limited on its behalf and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Whilst CBRE Limited uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy. CBRE Limited as such cannot be held responsible for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss of profits resulting from direct or indirect actions based upon the content of these particulars.3. No person in the employment of CBRE Limited has any authority to make any representation or warranty whatsoever in relation to this property.4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication and, unless otherwise stated, are quoted exclusive of VAT. Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.

CBRE LimitedHenrietta House, Henrietta PlaceLondon W1G 0NB

020 7182 2000www.cbre.co.uk

C O N T A C T SMike Buermike.buer@cbre.com020 7182 3102

Henry Kilmisterhenry.kilmister@cbre.com020 3257 6189

E P CEnergy Performance Certificates are available on request.

P R O P O S A LSeeking offers in excess of £3,440,000 (Three Million Four Hundred and Forty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive capital value of £225 per sq ft.