Office and Showroom comprising circa 12,053 sq ft with parking for 70 cars
10 year lease expiring June 2023
Future change of use potential to residential (20 flats) (subject to lease and consents) - Upper floors recently converted to 60 flats
Nearby occupiers include UK Head Offices for Dell, Hewlett Packard and 3M
Popular M4 Corridor location close to A329(M)
Lot 17
Auction 25th March 2021
Rent £204,578 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles east of Reading
31 miles west of Central London
Roads
A322, A329(M), M3, M4, M25
Rail
Bracknell
Air
London Heathrow (17 miles)
Situation
Bracknell is a popular commuter town, approximately 10 miles east of Reading and 31 miles west of Central London. The property is located one mile to the west of the town centre, in a prominent position on the south side of The Boulevard in a predominantly office based location. The property is prominently positioned fronting Cain Road on secured landscaped site at Amen Corner, Bracknell's principal out-of-town office district.
The property benefits from excellent road and rail connections being located less than a mile from the A329(M) motorway, four miles from J10 of the M4 and 7 miles from J3 of the M3 motorway as well as benefitting from direct trains from Bracknell to London. Nearby occupiers include UK head offices for Dell, Hewlett Packard and 3M.
Tenure
Long Leasehold. 999 years from completion at a peppercorn rent.
Location
Miles
10 miles east of Reading
31 miles west of Central London
Roads
A322, A329(M), M3, M4, M25
Rail
Bracknell
Air
London Heathrow (17 miles)
Situation
Bracknell is a popular commuter town, approximately 10 miles east of Reading and 31 miles west of Central London. The property is located one mile to the west of the town centre, in a prominent position on the south side of The Boulevard in a predominantly office based location. The property is prominently positioned fronting Cain Road on secured landscaped site at Amen Corner, Bracknell's principal out-of-town office district.
The property benefits from excellent road and rail connections being located less than a mile from the A329(M) motorway, four miles from J10 of the M4 and 7 miles from J3 of the M3 motorway as well as benefitting from direct trains from Bracknell to London. Nearby occupiers include UK head offices for Dell, Hewlett Packard and 3M.
Tenure
Long Leasehold. 999 years from completion at a peppercorn rent.
Description
The property comprises a ground floor office/showroom, which forms part of a larger residential building not included within the sale.
The property includes parking for 70 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a ground floor office/showroom, which forms part of a larger residential building not included within the sale.
The property includes parking for 70 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion Available
EPC
Available from the legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
Office/Reception/ Staff Restaurant/ Showroom
1,119.78 sq m
(12,053 sq ft)
TECHNOGYM U.K. LIMITED (1)
Approximately 10 years from 19/06/2013 until 23/06/2023
£204,578
Total
1,119.78 sq m
(12,053 sq ft)
£204,578
(1) For the year ending 31/12/2019, Technogym U.K. Limited reported a turnover of £70,251,194, pre-tax profits of £3,762,417 and total assets of £40,414,839 (NorthRow 15/01/2021). Technogym have been operating for more than 35 years and have become a leader in producing gym equipment and wellness services. Technogym equipment is used by over 50 million people globally in gyms, schools, universities, medical centres, hotels, cruises and at home (www.technogym.com).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
