High yielding long income opportunity

Building comprises a 54,585 sq ft (NIA) Grade A office building, benefiting from 232 car parking spaces, equating to a ratio of 1:235 sq ft. The property is let in its entirety to Reading Green Park Centre Limited (Regus), who have been in occupation since 1999. Regus have recently recommitted to the building by taking a 5 year reversionary lease, creating a current unexpired term of 9.4 years. Property produces a headline rent of £1,471,224 per annum. This equates to a low headline rent of £27.71 per sq ft with half rent on the reception area. Highly reversionary given rents achieved in Green Park are in excess of £37.50 per sq ft and the Thames Valley region rental forecasts are set to outperform the big 6 markets.