Gazelle Close, Winnersh, Wokingham, RG41 5QS
|Property Type||Investment / Office|
|Size||4,126 sq ft|
|Price||Offers in the region of £975,000 plus VAT|
|Business Rates||£9.71 per sq ft based on the 2023 business rates valuation|
|Energy Performance Rating||This property has been graded as C (63)|
Located on a popular business park, this detached two storey office has suspended ceilings, raised floors, comfort cooling, WCs, kitchenettes, a DDA compliant lift and 14 allocated parking spaces. Borer Data Systems Ltd occupy the ground floor, Pyronix Ltd occupy the first floor.
The accommodation comprises the following areas:
|Name||sq ft||sq m||Availability|
Winnersh is 4 miles south-east of Reading, 6 miles north-west of Bracknell and 35 miles west of Central London and benefits from excellent communications, being located on the A329(M), 2 miles north of the M4 (Junction 10) with Winnersh Triangle and Winnersh Railway Stations within walking distance, together with Reading and Twyford Railway Stations (Elizabeth Line) all within 5 miles. Heathrow Airport is 24 miles to the east. Nearby occupiers include Halfords, Wickes, Pets at Home and a number of office tenants including Mizuno, Digi Vision and Artesian Solutions. Aldi have recently submitted a Planning Application for a new store next to Winnersh Fields highlighting the provenance of the location.
Ground Floor occupied by Borer Data Systems Ltd on a lease to May 2027. The lease is subject to a tenant option to determine on 22/05/2024. Thereafter, the lease automatically extends for a further year, subject to a mutual option to determine on six months notice at a new rent of £31,140 per annum.
First Floor occupied by Pyronix Ltd at a rent of £40,000 p.a.x. a break clause of 02/09/2024 with the lease ending 23rd September, 2026. The break notice is at least 4 months before the break date.
Total Current Rental Income £71,140 p.a.x. Gross yield approx 7.3% or £235 psf capital value.