The property is a modern, semi-detached office building spread across two floors, with the ground and first floors each comprising separate, self-contained units. Each floor is equipped with a WC facilities. Additionally, the ground floor unit is further enhanced with a dedicated shower room and a full kitchen, providing additional convenience for occupants.
The building recently underwent a comprehensive refurbishment to modernise and improve its overall functionality. This extensive upgrade included a full overhaul of the MEP systems, ensuring the property meets modern standards of efficiency and performance. Notably, solar panels have been installed on the roof, helping to reduce the building’s operating costs and increase its energy efficiency, making it a more sustainable choice for occupiers.
The property also benefits from approximately 21 dedicated car parking spaces, which are situated in the rear yard. This parking area provides convenient access to the building's entrance.
Location
The property is strategically located on the periphery of Winnersh Triangle Business Park, a well-established mixed-use commercial area. The immediate surrounds are a mix of trade counter retail, offices and low-rise residential.
Initially a predominantly residential area in the 1980s, Winnersh Triangle has undergone significant development and transformation over the years, evolving into a prominent business hub known as the Winnersh Triangle Business Park. This dynamic business park is now home to a diverse range of occupiers.
Whilst the subject property lies on the periphery of the main Winnersh Triangle Business Park, it benefits from proximity to this institutional-style, purpose-built development.
Accommodation
Ground Floor - 2,183 sq ft (NIA)
First Floor - 2,674 sq ft (NIA)
The total site area extends to approximately 0.214 acres
Terms
Planning - We have assumed that the property benefits from Planning Permission under use class E, however buyers should make their own enquiries to satisfy themselves.
Asset Management - The space currently occupied by Cavity Dental Staff Limited is occupied by way of a short-term licence. If purchasers desire, this element of the property can be vacated upon completion of a transaction or alternatively, a longer-term lease could also be agreed.
The property maybe suitable for alternative uses, however interested parties must rely on their own enquiries in this regard.
Proposal - Offers invited in excess of £1,400,000 for the Freehold Interest representing a low capital value of £225 psf on GIA, and £333 psf on NIA.
Services - We understand the property benefits from water and electricity with solar panels on the roof to improve energy efficiency of the building. We have assumed the property benefits from mains drainage but this should be confirmed by legal advisors. Please note, the vendors nor their agents have tested any of the services and prospective purchasers should satisfy themselves with their own enquiries.
EPC - The property benefits from an EPC rating of B (48). A copy of the certificate is available in the Data Room.
VAT - We understand the property is not opted for VAT.
Legal Costs - Each party to be responsible for their own professional costs incurred in the transaction.
Business Rates - Rateable value of £74,500 in the 2023 rating list.
Tenancy Schedule - See attached brochure for information
Specification
- Modern semi-detached office building that has recently been renovated.
- Office extends to c.4,202 sq. ft. NIA / c.6,212 sq. ft . GIA.
- Recent and extensive upgrade of MEP systems including installation of solar panels.
- 21 car parking spaces in rear yard.
- Currently passing rent £117,600 PA.
- Property located in Winnersh Triangle, a short walk from Winnersh Triangle Business Park.
- Well located for Winnersh Triangle train station, with regular direct services to Reading and London Waterloo.
- Asset management / Investment opportunity.