Riseley Business Park

Multi-let business park investment opportunity with future break up and

alternative use potential (stp)

BASINGSTOKE ROAD, RI SE L E Y, NE AR RE ADI NG RG7 1NW

Basingstoke Road

Riseley Business Park comprises three detached

office buildings arranged over ground and first floors

totalling 26,216 sq ft.

The two buildings at the front of the park were

constructed in 2001 and provide modern, open

plan, air conditioned, grade A office accommodation,

whilst the building at the rear of the site was

constructed in 1988 and extended in 1995, having

been divided and refurbished to provide smaller

good quality office accommodation which has

enabled occupiers to expand without relocating.

The general specification includes:

• Suspended ceilings

• Recessed Cat 2 lighting

• Carpeted raised floors (in part)

• Perimeter and/or 3 compartment under floor

trunking (in part)

• Air conditioning (in part)

• Electric or oil fired heating

• Cycle storage area

• Male and female WCs for each building/suite

EPC

EPC certificates for all the buildings at Riseley

Business Park are available upon request.

Key Investment Considerations

• Riseley Business Park provides an opportunity to acquire a well performing, multi-let office business park in the Thames Valley market.

• Reading is seen as the capital of the Thames Valley and has historically been one of the most successful office towns with excellent access to central London, the M4 motorway and Heathrow Airport.

• Located approximately mid-way between Reading and Basingstoke and just off the A33 dual carriageway.

• Each building refurbished and presented in good order.

• Excellent parking –139 spaces providing a ratio of 1:189 sq ft.

• Future break up potential with strong owner/occupier demand.

• Potential for future change of use to alternative uses, subject to planning.

• Potential for sub-division.

• Low existing rents.

• Offers invited in excess of £3,250,000 (three million two hundred and fifty thousand pounds) subject to contract and exclusive of VAT.

• A purchase price at this level reflects a low capital value of £124 per sq ft.

• Freehold.

Description

Riseley Business Park has some 139 car parking

spaces providing an excellent ratio of 1:189 sq ft.

Car Parking

Specification

Waterloo House Napoleon House

Stratfield House Walmer House

Apsley House Duoro House (Ground floor)

Wellington House Pakenham House (First floor)

Copenhagen HouseWellesley House

Freehold with the benefit of the existing Internal

Repairing and Insuring leases, all of which are

contracted outside the Security of Tenure Provisions

of the Landlord & Tenant Act, subject to an estate

service charge with all break options being mutual.

Please find attached the detailed tenancy schedule.

1 Waterloo House 5,752 sq ft

2 Stratfield House (Ground floor)

Stratfield House (First floor)

1,065 sq ft 1,253 sq ft

3 Apsley House 2,470 sq ft

4 Wellington House 3,960 sq ft

5 Wellesley House 1,679 sq ft

6 Napoleon House 1,785 sq ft

7 Walmer House 1,562 sq ft

8 Duoro House (Ground floor) 2,008 sq ft

9 Pakenham House (First floor) 1,492 sq ft

10 Copenhagen House 3,190 sq ft

TOTAL 26,216 sq ft

Tenure

Accommodation

1

1

6

6

2

2

7

7

3

3

8

8

4

4

9

10

10

9

5

5

Riseley Business ParkBASINGSTOKE ROAD, RISELEY, READI NG RG7 1NW

ReadingA329

A321

A327

A33

B3349

B3349

B3011A30

A323A30

A297

Wokingham

Eversley

Blackbushe

Hartley Wintney

Hook Fleet

Odiham

SpencersWood

BasingstokeJct 5

Jct 6

Jct 10

Jct 11

M4

M3

To Farnham

Alec White

awhite@sharpscommercial.co.uk

Misrepresentation Act 1967 – Whilst all the information in these particulars is believed to be correct, neither the agents nor their clients guarantee it’s accuracy, nor is it intended to form part of any contract.

All areas quoted are approximate. Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently

as to the incidence of V.A.T. in respect of any transaction. We have not tested the services. Interested parties are advised to make their own enquiries and satisfy themselves concerning all health and safety issues.

July 2014.

Viewing and further information

Proposal

VAT

Capital Allowances

We are instructed to seek offers in excess of £3.25 million (three million, two hundred and fifty thousand pounds) subject to contract and exclusive of VAT.

A purchase price at this level reflects a low capital value of only £124 per sq ft.

The property is elected for VAT. As such, VAT may be payable on the purchase price however, it is anticipated that the sale of the property will be treated as a transfer of a going concern (TOGC).

The benefit of any unclaimed capital allowances will be passed to the purchaser on completion.

BA

SING

STO

KE

RD

B3349

THREE MILECROSS

SPENCERSWOOD

SWALLOWFIELD

RISELEY

M4

A33

Jct 11

Riseley Business ParkBASINGSTOKE ROAD, RISELEY, NEAR READING RG7 1NW