Theale Court, 11-13 High Street Theale Berkshire RG7 5AH

Theale Court, 11-13 High Street
Theale
Berkshire
RG7 5AH

Freehold Office Investment

Fully-let modern office building in town centre high street location
Approximately 1,431.96 sq m (15,413 sq ft) with excellent parking
Substantial site of approximately 0.64 acres (0.27 hectares)
Future redevelopment potential and opportunity to expand floor area (subject to consents)
Affluent commuter town some 45 miles from London and 15 miles from Basingstoke
Six Week Completion Available

Lot
19
Auction
23rd May 2013
Rent
£278,228 per Annum Exclusive
Status
Sold
Price
£1,810,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Joint Administrators at Moorfields Corporate Recovery

Important Update Interested?

Expand
Photos
Map

Freehold Office Investment

Fully-let modern office building in town centre high street location
Approximately 1,431.96 sq m (15,413 sq ft) with excellent parking
Substantial site of approximately 0.64 acres (0.27 hectares)
Future redevelopment potential and opportunity to expand floor area (subject to consents)
Affluent commuter town some 45 miles from London and 15 miles from Basingstoke
Six Week Completion Available

Lot 19
Auction 23rd May 2013
Rent £278,228 per Annum Exclusive
Status Sold
Price £1,810,000
Sector
Office
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of Joint Administrators at Moorfields Corporate Recovery

Property Information

Location

Miles: 5 miles south of Reading, 15 miles north of Basingstoke, 45 miles west of London
Roads: A4, M4 (Junction 12)
Rail: Theale Railway Station (approximately 47 miles to London Paddington)
Air: London Heathrow Airport

Situation

The property is situated in a prominent position on Theale High Street and extends substantially towards the rear and side of the high street frontage. The property is surrounded by residential houses and also benefits from the amenities of the high street. Theale Railway Station is approximately 500 metres from the property.

Tenure

Freehold.

Location

Miles: 5 miles south of Reading, 15 miles north of Basingstoke, 45 miles west of London
Roads: A4, M4 (Junction 12)
Rail: Theale Railway Station (approximately 47 miles to London Paddington)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern office building benefiting from suspended ceilings, recessed category II lighting, air conditioning, raised floors and car parking for some 54 cars. The front of the building, over 2 storeys, forms part of Theale High Street. The main part of the building is over 3 storeys and extends towards the rear and side.

NB. This property is being marketed on behalf of Simon Thomas and Shelly Bullman of Moorfields Corporate Recovery LLP, the Joint Administrators of Argyll Ventures Limited and therefore no warranties or guarantees in any respect, including VAT can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting as agents of the company only and without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

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	Reviews/(Reversion)
Ground	Office	438.9 sq m	(4,724 sq ft)	TECAN UK LIMITED (1)	Approximately 16 years and 4 months from 05/05/2000	£82,670	01/09/2015 (01/09/2016)
Part First	Office	398.5 sq m	(4,289 sq ft)	HART-EHANKS TRILLIUM UK LIMITED (2)	5 years from 16/07/2009	£75,058	(15/07/2014)
Part First	Office	315.86 sq m	(3,400 sq ft)	SECURITASSECURITY SERVICES(UK) LIMITED (3)	13 years from 15/12/2006 (4)	£68,000	15/12/2012 (14/12/2019)
Second	Office	278.7 sq m	(3,000 sq ft)	MASONZIMBLER LIMITED (5)	5 years from 16/07/2009	£52,500	(15/07/2014)
Totals		1,431.96 sq m	(15,413 sq ft)			£278,228

(1) For the year ending 31st December 2011, Tecan UK Limited reported a turnover of £5,530,771, pre-tax profits of £123,813 and a net worth of £926,859. (Source: www.riskdisk.com 19/04/2013)
(2) For the year ending 31st December 2011, Harte-Hanks Trillium UK Limited reported a turnover of £6,957,014, pre-tax profits of £210,287 and a net worth of £2,812,007. (Source: www.riskdisk.com 19/04/2013).
(3) Reliance High Tech, Reliance Protect and Reliance Monitoring Services all form part of Reliance Security Services. For further information please go to www.reliancesecurity.co.uk 19/04/2013). The tenant is not currently in occupation.
(4)There is a tenant only option to determine on 15/12/2014, on providing 6 months prior written notice.
(5) For the year ending 31st December 2011, Mason Zimbler Limited reported a turnover of £5,188,855, pre-tax profits of £696,001 and a net worth of £1,748,348. (Source: www.riskdisk.com 19/04/2013)