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Plot 6, Thames Valley Park, Reading, Berkshire, RG6

To rent: £20.53 Per Sq Ft|4.48 |Land, Commercial Land

Property details

TO RENT£20.53 Per Sq Ft
SIZE4.48
ADDRESSPlot 6, Thames Valley Park, Reading, Berkshire, RG6
TYPELand, Commercial Land
TENURETo Let
POSTED ON27th September 2023

Description

Plot 6 - an exciting opportunity to develop new office or innovation space or alternative uses in one of the Thames Valleys most prominent business environments. - Plot 6 is positioned at the eastern end of the Thames Valley Park campus, forming part of the former Microsoft Campus.

The site comprises 4.8 acres of development land benefitting from a discrete position with landscaping on 2 boundaries. Located adjacent to the Here+Now development which has been conceived and delivered by
Baumont and V7 asset management.

The site is serviced and benefits from the wider services of the TVP Park Management included a recently launched Enlivenment Programme delivering a varied menu of pop up services including F+B, fitness and
educational events.

The site is held freehold. This ownership is subject to the provisions of the Estate Management Agreement which governs the Park.

The site is located in Wokingham Borough Council. Barton Willmore planning have reviewed Planning policy provided guidance on the timescale that would be applicable for a variety of planning led compliant and
alternative uses.

They conclude that the site would be suitable for a range of Employment related uses- offices, research and development, warehouse and logistics.

Purchasers should be aware that uses of a B8/industrial nature may not be positively considered by Thames Valley Park Management who can undertake a process to restrict uses on the Park that might be considered
non confirming to a high quality office environment.
There is the opportunity to promote the site for alternative uses which do not the conform to employment uses. These would include hotel, retail and
Residential uses, the latter Barton Willmore direct would be via a Local Plan review process. Barton Willmore advise that the current Local Plan review process is underway and submission of additional sites would not take place before 2028. This would not prevent a proposal being put forward, subject to a Planning Appeal process and, if a residential proposal, an understanding of the Affordable and CIL related provisions.

We would refer potential purchasers to the Barton Willmore planningsummary contained in the data room.

Location

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Location: Plot 6, Thames Valley Park, Reading, Berkshire, RG6

Earley (1.5 miles)

Reading (2.0 miles)

Winnersh Triangle (2.3 miles)

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