4 Winnersh Fields

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Key Points

Summary

Modern office building with easy M4 and rail access on a well known business park between Reading and Wokingham

Description

4 Winnersh Fields comprises a ground and first floor detached office building. The property benefits from suspended ceilings, raised floors, WCs, comfort cooling, DDA compliant lift and 14 car parking spaces. The property is on a modern office park, nearby occupiers include Halfords, Wickes, Pets at Home and a number of office tenants including Mizuno, DigiVision and Artesian Solutions.

Viewings

By prior arrangement via the agents only.

Location

Winnersh is located in the heart of the Thames Valley, 4 miles south-east of Reading, 6 miles north-west of Bracknell. Located on the A329 Reading Road, close to the junction with the A329(M) which connects Reading, Bracknell and M4 Junction 10. Winnersh Railway Station is a short walk away and provides links to the Elizabeth Line. Heathrow Airport is 24 miles to the east. Aldi have recently submitted a Planning Application for a new store next to Winnersh Fields highlighting the provenance of the location.

Terms

Available Freehold, subject to to following leases:
Ground Floor tenant BORER DATA SYSTEMS LIMITED £34,254 pax until 22/05/2027. The lease is subject to a tenant option to determine on 22/05/2024. Thereafter, the agreed term the lease will automatically extend for a further period of one year, subject to a mutual option to determine on six months notice at at a new rent of £31,140 per annum.
First Floor PYRONIX LIMITED £40,000 pax. 5 year term from 24/09/2021. The lease is subject to a tenant option to determine on 24/09/2024. The break notice is at least 4 months before the break date.

Total £74,254 pax. Gross yield approx 7.6% or £235 psf capital value.

Legal Costs and VAT

Each party will be responsible for their own Legal Fees. All figures are quoted exclusive of VAT, which we understand will be chargeable.