Modern Courtyard Development Sat within Landscaped Grounds
Includes an Telephone Mast Providing £6,500 pax
Well Presented Offices at Grade A Standard
Approximately 1,757.75 sq m (18,913 sq ft)
Approximate Site Area of 1.00 Hectares (2.47 Acres) and a Site Coverage of 17%
Active Management Potential
Lot 5
Auction 2nd November 2023
Rent £124,240 per Annum Exclusive
Status Sold
Price £975,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles south of Twyford, 3 miles north of Wokingham, 5 miles east of Reading
Roads
A321, A329 (M), M4
Rail
Twyford Railway Station, Wokingham Railway Station
Air
London Heathrow Airport
Situation
The property is located on Wokingham Road (A321 and benefits from direct access to the A4 Bath Road, which in turn provides links to the A329(M) and M4 motorway. In addition, Twyford Railway Station and Wokingham Railway station are within a few miles that provide direct routes to London (Paddington and Waterloo).
Tenure
Freehold.
Location
Miles
1.5 miles south of Twyford, 3 miles north of Wokingham, 5 miles east of Reading
Roads
A321, A329 (M), M4
Rail
Twyford Railway Station, Wokingham Railway Station
Air
London Heathrow Airport
Situation
The property is located on Wokingham Road (A321 and benefits from direct access to the A4 Bath Road, which in turn provides links to the A329(M) and M4 motorway. In addition, Twyford Railway Station and Wokingham Railway station are within a few miles that provide direct routes to London (Paddington and Waterloo).
Tenure
Freehold.
Description
Beech Court is a modern and attractive 12 self-contained office unit courtyard development, with landscaped grounds and car parking. The offices are well specified with air conditioning, suspended ceilings, LG7 lighting, raised floors, Cat 5 cabling and kitchen facilities.
The property benefits from a site area of approximately 1.00 Hectares (2.47 Acres). There is an electricity sub station on the site an an income producing Telecom Mast.
VAT
VAT is applicable to this lot.
Note
The adjacent parcel of Land of 1.25 acres (0.51 hectares) is being offered separately as lot No.46
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Beech Court is a modern and attractive 12 self-contained office unit courtyard development, with landscaped grounds and car parking. The offices are well specified with air conditioning, suspended ceilings, LG7 lighting, raised floors, Cat 5 cabling and kitchen facilities.
The property benefits from a site area of approximately 1.00 Hectares (2.47 Acres). There is an electricity sub station on the site an an income producing Telecom Mast.
VAT
VAT is applicable to this lot.
Note
The adjacent parcel of Land of 1.25 acres (0.51 hectares) is being offered separately as lot No.46
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Unit 6
Ground First
Office Office
112.78 107.30
(1,213) (1,155)
HERNSHEAD GROUP LIMITED (formerly HERNSHEAD RECRUITMENT LIMITED) (crn: 12007779)
SOUTHERN ELECTRIC POWER DISTRUBUTION PLC (crn: 04094290)
99 years from 20/06/2006
£10
(12/06/2105)
Total Approximate Floor Area
1,758.75
(18,929)
£124,240.50
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/search?_ga=2.68807185.1663402902.1695727499-1470758001.1680604438) (2) As to Unit 6, Hernshead Group Limited (crn: 12007779) is a recruitment agency specialising in some of the most exciting Engineering and Technology business across the UK (www.hernshead.co.uk). For the year ended 30/06/2022 Hernshead Group Limited (crn: 12007779) registered a turnover of £769,134, a pre-tax profit of £56,157 and a net worth of £64,370 (Northrow 06/10/2023). The lease provides for a tenant option to determine the lease on 01/07/2024 and 01/07/2025 (3) As to Unit 9, the lease provides for a tenant option to determine the lease on 19/09/2023 (4) As to Unit 10, the lease provides for a tenant option to determine the lease on 19/09/2023 (5) As to Unit 12, SDT Limited (crn: 02938419) are specialists in proactive managed IT services and solutions since 1994 (www.sdt.co.uk)
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.
