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Horseshoe Rd 1,167 sq ft Office Unit Offered at £130,000 in Reading RG8 7JW
Investment Highlights
- Refurbished first-floor office/business unit
- 999-year long leasehold interest
- Stepped rental increases during the term
Executive Summary
The property comprises a refurbished first-floor office suite within a mid-terrace, two-storey business unit of reinforced concrete frame construction with brick and corrugated steel elevations. The property is located within Horseshoe Business Park in the picturesque village of Pangbourne. Access is via Horseshoe Road off the A329 Reading Road.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The accommodation is predominantly open plan, supplemented by demountable partitions forming two smaller offices/meeting rooms and a store. The unit benefits from shared W/C and kitchenette facilities, new carpets, LED lighting, and a combination of electric heating and air conditioning throughout. Externally, the property benefits from three allocated parking spaces to the front with open fields to the rear
Sale Notes
The property is fully let on a lease expiring 14 September 2028, producing a current income of £11,300 per annum exclusive. The lease benefits from stepped annual increases to £11,865 and £12,458, with mutual break options subject to six months’ notice.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 20D | 1,167 sq ft | Office | £130,000 (£111.40/sq ft) | - |
Unit 20D
| Unit Size |
| 1,167 sq ft |
| Unit Use |
| Office |
| Price |
| £130,000 (£111.40/sq ft) |
| NOI |
| - |
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Unit 20D
| Unit Size | 1,167 sq ft |
| Unit Use | Office |
| Price | £130,000 (£111.40/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| The accommodation is predominantly open plan, supplemented by demountable partitions forming two smaller offices/meeting rooms and a store. The unit benefits from shared W/C and kitchenette facilities, new carpets, LED lighting, and a combination of electric heating and air conditioning throughout. Externally, the property benefits from three allocated parking spaces to the front with open fields to the rear</li></ul> | |
| Sale Notes | |
| The property is fully let on a lease expiring 14 September 2028, producing a current income of £11,300 per annum exclusive. The lease benefits from stepped annual increases to £11,865 and £12,458, with mutual break options subject to six months’ notice.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 19,258 sq ft | Typical Floor Size | 9,629 sq ft |
| Property Type | Light Industrial (Unit) | Year Built | 1982 |
| Property Subtype | Light Manufacturing | Total Plot Size | 0.29 ac |
| Costar Property Class | B | Parking Allocation | 2.34/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 19,258 sq ft |
| Property Type | Light Industrial (Unit) |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 9,629 sq ft |
| Year Built | 1982 |
| Total Plot Size | 0.29 ac |
| Parking Allocation | 2.34/1,000 sq ft |
Amenities
- Signage
- Storage Space
- Air Conditioning
Utilities
- Lighting
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Horseshoe Rd
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