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Lilly Hill Bracknell

under offer

Commercial property for sale in a portfolio

£6,425,000 37,714 sq ft

Aurum Real Estate Partners Ltd
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Status
Under offer
Contact name

David Caine - Aurum Real Estate Partners Ltd

Full address
Bracknell – Bracknell
Property owner
Tesco Pension Investment Ltd
Property type

Commercial property for sale in a portfolio

Asking price
£6,425,000
Available space range
There are 2 spaces available. These measure 37,714 sq ft. The total availability is 75,428 sq ft.
Brochure
Download the brochure

2 portfolio properties for sale

Portfolio property 3901090 Under offer

37,714 sq ft, £170.36 per sq ft

Address Lily Hill Rd, Bracknell, Berkshire, RG12 2SJ, GB
Property Type Office
Size 37,714 sq ft
Price £6,425,000
Price per unit £170.36 per sq ft
Sale conditions Redevelopment Project
Sale type Investment
Net income yield 8.02%
Financial type Actual
Financial year 2018
Net operating income £515,285

Notes

  • Unique freehold south east office investment situated on a 3 acre site within the 56 acre lily hill park on the edge of bracknell town center, a 5 minute drive from bracknell railway station.
  • Freehold.
  • The office accommodation is arranged across two buildings; one a period conversion and the other an l-shaped stand-alone office building.
  • Currently arranged to provide 2,828.5 sq m (30,446 sq ft gia) of total accommodation across the two buildings.
  • Benefitting from 102 car parking spaces, providing an excellent parking ratio of 1:261 sq ft.
  • The vendor will provide a two-year rent, rates and service charge guarantee on the vacant space (3,941 sq ft) providing an additional net £90,165 per annum.
  • Total net rent received of £550,624 per annum, with a potential reversionary rent of £587,507 per annum.
  • Provides an excellent opportunity for either continued asset management of the existing, or extensive redevelopment and alternative uses subject to obtaining the necessary consents.

Portfolio property 3901090 Under offer

37,714 sq ft, £170.36 per sq ft

Address Lily Hill Rd, Bracknell, Berkshire, RG12 2SJ, GB
Property Type Office
Size 37,714 sq ft
Price £6,425,000
Price per unit £170.36 per sq ft
Sale conditions Redevelopment Project
Sale type Investment
Net income yield 8.02%
Financial type Actual
Financial year 2018
Net operating income £515,285

Notes

  • Unique freehold south east office investment situated on a 3 acre site within the 56 acre lily hill park on the edge of bracknell town center, a 5 minute drive from bracknell railway station.
  • Freehold.
  • The office accommodation is arranged across two buildings; one a period conversion and the other an l-shaped stand-alone office building.
  • Currently arranged to provide 2,828.5 sq m (30,446 sq ft gia) of total accommodation across the two buildings.
  • Benefitting from 102 car parking spaces, providing an excellent parking ratio of 1:261 sq ft.
  • The vendor will provide a two-year rent, rates and service charge guarantee on the vacant space (3,941 sq ft) providing an additional net £90,165 per annum.
  • Total net rent received of £550,624 per annum, with a potential reversionary rent of £587,507 per annum.
  • Provides an excellent opportunity for either continued asset management of the existing, or extensive redevelopment and alternative uses subject to obtaining the necessary consents.

Property description

Attachments

PDF #1 Marketing brochure/flyer Download

This commercial property for sale in a portfolio is located in Bracknell.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Aurum Real Estate Partners Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Aurum Real Estate Partners Ltd for full details and further information.