3 The Green Easter Park Aldermaston, Nr, Tadley Berkshire RG7 2PQ

3 The Green
Easter Park
Aldermaston, Nr, Tadley
Berkshire
RG7 2PQ

Freehold Thames Valley Office Investment

Let to Systems Mechanics Limited
Lease renewal from January 2018
High specification office
Thames Valley Business Park located between Reading, Bracknell and Newbury
Other occupiers on park include Anesco Energy, Elliott Group and Atkins Global

Lot
23
Auction
14th February 2018
Rent
£35,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Thames Valley Office Investment

Let to Systems Mechanics Limited
Lease renewal from January 2018
High specification office
Thames Valley Business Park located between Reading, Bracknell and Newbury
Other occupiers on park include Anesco Energy, Elliott Group and Atkins Global

Lot 23
Auction 14th February 2018
Rent £35,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 8 miles north-west of Basingstoke, 9 miles south-west of Reading, 10 miles south-east of Newbury
Roads: A33, A339, A340, M3 (junction 6), M4 (junctions 11 & 12),
Rail: Aldermaston Station
Air: London Heathrow Airport

Situation

Easter Park is strategically located between the M3 (11 miles to the south) and M4 (6 miles to the north) motorways, in the heart of the Thames Valley. The Green is one of three phases of Easter Park, which in total comprises around 240,000 sq ft of high quality office and industrial accommodation set on over 20 acres. The property is located to the south of Benyon Road, which has direct access to Reading Road (A340). Other occupiers on Easter Park include Anesco Energy, Elliott Group, Atkins Global and CTS Logistics. Aldermaston is internationally recognised as the headquarters of the UK’s Atomic Weapons Establishment, which is located opposite Easter Park and employs over 4,000 people.

Tenure

Freehold.

Location

Miles: 8 miles north-west of Basingstoke, 9 miles south-west of Reading, 10 miles south-east of Newbury
Roads: A33, A339, A340, M3 (junction 6), M4 (junctions 11 & 12),
Rail: Aldermaston Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern office arranged on the ground and first floors. The property benefits from full access raised floors, comfort cooling, suspended ceilings and open vaulted ceilings to the first floor. The property also benefits from the right to park 10 cars to the front of the building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Offices Offices	88.91 sq m 113.34 sq m	(957 sq ft) (1,220 sq ft)	SYSTEMS MECHANICS LIMITED (1)	A term of years from 15/01/2018 until 19/07/2023 on an effectively full repairing and insuring lease	£35,000 (2)
Total		202.25 sq m	(2,177 sq ft)			£35,000 (2)

(1) Systems Mechanics Limited provide software solutions for the telecoms industry, with clients including Vodafone, Telefonica, Ucell, Swisscom and TeliaSonera. For the year ending 30th September 2017, Systems Mechanics Limited reported net assets of £1,084,325 (Sources: www.sysmech.co.uk (16/01/2018) and Systems Mechanics Limited 2017 Annual Report).
(2) Systems Mechanics Limited are currently benefiting from a rent free period due to expire on 15th May 2018. The Seller has agreed to adjust the completion monies so that the property will effectively produce £35,000 p.a.x. from completion of the sale until the expiry of the rent free period. The Vendor holds a £5,000 rent deposit.