Office for sale in Millars Brook, Wokingham RG41

Investment Consideration:
Rental Income: £27,960 p.a.
Erv: £125,000 p.a. Gia: 13.89%
VAT is applicable to this property
Purpose-built detached office building arranged as a large self-contained unit at ground floor and 5 office units at first floor
Total NIA: 386 sq m (4,162 sq ft)
Property benefits from 12 parking spaces, communal reception and cooling system
Additional 10 parking spaces available to let for prospective tenants, subject to negotiation
Conveniently located within short walk to local retailers such as Tesco Superstore, Lidl and Wokingham Town Centre.

Property Description:
Purpose-built detached office building arranged as a large self-contained unit at ground floor and 5 office units at first floor, with benefit of communal reception and 12 parking spaces. The property benefits from suspended ceilings, raised floors, cooling system, kitchenette, reception and break out area and provides the following accommodation and dimensions:
Ground Floor: Communal lobby and reception
Ground Floor Office: 193 sq m (2,081 sq ft)
Open plan office, kitchen, WC, 6 parking spaces
First Floor: 5 Office Units
Unit 1: 10 sq m (111 sq ft)
Unit 2: 20 sq m (219 sq ft)
Unit 3: 9 sq m (99 sq ft)
Unit 4: 66 sq m (710 sq ft)
Unit 5: 43 sq m (462 sq ft)
6 parking spaces

Tenancy:
Ground Floor Large Office is at present vacant. Erv: £62,840 p.a.
First Floor Unit 1 is at present let on License Agreement to Solar Energy Results Ltd for a term of 5 Months from 12th February 2024 at a current rent of £4,440* p.a. Deposit held of £320.
*Tenant pays £320 pcm for the office unit and £50 pcm for 1 parking space.
First Floor Units 2 & 5 are at present let on License Agreement to Care at Home Ltd for a term of 6 Months from 1st May 2024 at a current rent of £19,200 p.a. Deposit held of £1,600. Lease includes 3 parking spaces.
First Floor Unit 3 is at present let on License Agreement to Solomon Security and Event Solutions Ltd for a term of 5 Months from 12th February 2024 at a current rent of £4,320* p.a. Deposit held of £310.
*Tenant pays £310 pcm for the office unit and £50 pcm for 1 parking space.
First Floor Unit 4 is at present vacant. Erv: £30,000 p.a.
7 available parking spaces. Erv: £4,200 p.a.

Location:
Wokingham is located immediately to the south of J10 of the M4 motorway, and the A329(M). Bracknell is located 5 miles east and Reading 10 miles west. Wokingham Rail Station is just over half a mile away, offering direct trains to London Waterloo and Reading. The property is conveniently located within short walk to local retailers such as Tesco Superstore, Lidl and Wokingham Town Centre.