Offers over
£3,250,000
(£100.68/sq. ft)
Office for saleWestern Road, Bracknell RG12
32,282 sq. ft
Just added
About this property
A modern office building existing to 32,282 sqft (NIA) & 40,187 sqft (gia)
116 car parking spaces
Currently part-let to 2 tenants, with the remaining units vacant
Current annual income is £193,791
Agreement for lease is in place (Snap Fitness) on a 20-year term at £130,000 pa
Active discussions underway with potential tenants
Significant asset management opportunities
Estimated Rental Value (erv) of approx. £453,791 pa
Potential for change of use to residential, subject to planning
A modern three-storey office building (plus basement) extending to approximately 2,999.1 sqm (32,282 sqft) NIA and 3,733.5 sq m (40,187 sqft) gia.
116 car parking spaces, including 84 in the basement (approx. 40,000 sqft) and 32 at surface level.
Part-let to the Department for Work and Pensions (dwp) and DigitalML, with remaining space currently vacant.
Agreement for lease in place with Snap Fitness on a 20-year term at £130,000 per annum, effective on completion.
Total passing rent (including the afl to Snap Fitness) is £323,791 per annum.
WAULT of 13.6 years until expiry.
Ongoing negotiations with other operators such as iwg and a well-known restaurant operator to occupy remaining vacant space.
Significant residential development potential and asset management opportunities.
Estimated Rental Value (erv) of approximately £453,791 per annum, reflecting a low passing rent of £14 psf.
For sale freehold at offers in excess of £3,250,000, reflecting a net initial yield of 9.36%.
116 car parking spaces, including 84 in the basement (approx. 40,000 sqft) and 32 at surface level.
Part-let to the Department for Work and Pensions (dwp) and DigitalML, with remaining space currently vacant.
Agreement for lease in place with Snap Fitness on a 20-year term at £130,000 per annum, effective on completion.
Total passing rent (including the afl to Snap Fitness) is £323,791 per annum.
WAULT of 13.6 years until expiry.
Ongoing negotiations with other operators such as iwg and a well-known restaurant operator to occupy remaining vacant space.
Significant residential development potential and asset management opportunities.
Estimated Rental Value (erv) of approximately £453,791 per annum, reflecting a low passing rent of £14 psf.
For sale freehold at offers in excess of £3,250,000, reflecting a net initial yield of 9.36%.
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