Multi-let town centre office building

Modern, multi-let town centre office building in the centre of Reading – the principal regional and commercial centre of the Thames Valley. 65,433 sq ft (NIA) of high quality, refurbished office accommodation over ground and seven upper floors, along with a separate self-contained hospitium building, benefiting from 12 secure car parking spaces. Since 2014, the property has undergone a significant Grade A refurbishment in excess of £8 million (£130 psf). Weighted average unexpired lease term of 4.2 years to break and 5.6 years to expiry. 90% occupied by 12 tenants, with a current topped up rent of £1,986,644 per annum, equating to £31.81 per sq ft on the let space. 6,437 sq ft (10%) of refurbished Grade A space available to let, on which the vendor will be offering a 12 month rent, rates & service charge guarantee, allowing the purchaser to set a new rental tone in the market. Good ESG credentials with EPC B and BREEAM Very Good ratings.