448 Basingstoke Road, Reading, RG2 0LP

Summary

Located on Basingstoke Road, Reading providing easy access to the A33, which in turn links with Junction 11 of the M4 and Reading town centre

The property comprises of a warehouse with high quality offices and potential for alternative uses including showroom, trade and R&D (STP)

FEATURES

- Rarely available freehold
- Capital value only £120 psf
- Prominent corner position
- Secure site with 2 access gates
- Part let and income producing
- Full vacant possession potentially available
- Large roof top car park
- 72 car parking spaces
- Covered loading bay
- Potential for alternative uses (STP)

Key Points

Tenure and Terms

448 Basingstoke Road is offered for sale freehold.

The ground floor self-contained office area is let to Fiscal Technologies until 14th April 2027 and produces a rental income of £100,545 pa.

The property is being sold with the benefit of this lease and vacant possession of the warehouse and first floor office. Full lease terms are detailed within the particulars of sale.

It may be possible to relocate Fiscal Technologies to the first floor or gain vacant possession of the whole.

Price

We are seeking offers in excess of £3.5m plus VAT subject to contract.

VAT

We understand the property is registered for VAT and therefore VAT will be payable on the purchase price unless acquired by way of a Transfer of a Going Concern.

Viewing and Further Information

Please contact the joint sole agents for further information or an appointment to view.

Anti-Money Laundering Regulations

To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Location