Wyvols Court, Basingstoke Road, Swallowfield, Read, Swallowfield, RG7 1WY

• Wyvols Court provides an opportunity to acquire a long income investment in the Thames Valley.• Reading is considered the capital of the Thames Valley and has historically been one of the most successful office towns with excellent access to Central London, the M4 motorway and Heathrow Airport.• Located in Swallowfield, away from the congestion of Reading town centre, 6 miles to the north.• Wyvols Court comprises a detached Grade II listed building with a modern extension set in substantial grounds totalling 20,819 sq ft.• Excellent car parking ratio of 1:251 sq ft on the office accommodation.• Freehold.• Fully let to Citibase Plc providing 8.2 years term certain.• Current passing rent of £246,000 per annum which equates to a low average rent of £11.82 per sq ft overall.• Wyvols Court has future change of use potential subject to planning.• Offers are sought in excess of £3,000,000 (Three Million Pounds), subject to contract and exclusive of VAT.• A purchase at this level reflects an attractive net initial yield of 7.70% exclusive of purchaser’s costs of 6.45% and a low capital value of £144 per sq ft.• JLL has been instructed by the same vendor to market another serviced office let to Citibase in Edinburgh.

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