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Sapphire Plaza Watlington St 48,666 sq ft 100% Let 4-Star Office Property Reading RG1 4RE £5,000,000 (£102.74/sq ft)
Investment Highlights
- Within close proximity to Reading’s principal retail destinations
- Attractive and highly visible riverside setting
- Exceptional connectivity
Executive Summary
The property provides an excellent opportunity to convert to a range of alternate uses, including residential development via Permitted Development Rights.
Offers are invited in excess of £5,000,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £102 psf on the NIA and £84 psf on the GIA.
Offers are invited in excess of £5,000,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £102 psf on the NIA and £84 psf on the GIA.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
48,666 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
1995
Price
£5,000,000
Price per sq ft
£102.74
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
8,933 sq ft
Plot ratio
0.97
Total Plot Size
1.15 ac
Parking
61 Spaces (1.25 Spaces per 1,000 sq ft Leased)
Amenities
- Commuter Rail
- Accent Lighting
- EPC - D
- Basement
- Common Parts WC Facilities
- Lift Access
- Natural Light
- Perimeter Trunking
- Suspended Ceilings
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Sapphire Plaza | Watlington St
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