Property photos
Fixed price
£900,000
(£216.24/sq. ft)
Office for sale
Millars Brook, Wokingham RG414,162 sq. ft
Local area information
Property location
Nearby amenities
- Wokingham 0.4 miles
- Luckley House School 0.5 miles
- Walter Infant School 0.5 miles
- Winnersh 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Wokingham to find out more about the local area.
Features and description
- Rental Income: £66,692 p.a.
- Gross Initial Yield: 7.41%
- VAT is applicable to this property
- Purpose-built detached office building
- Total NIA: 386 sq m (4,162 sq ft)
- Property benefits from 12 parking spaces
Investment Consideration:
Rental Income: £66,692 p.a.
Gross Initial Yield: 7.41%
VAT is applicable to this property
Fixed rental increase to £70,754 p.a. In Sep 2025 and £74,916 p.a. In Sep 2026
Comprises two-storey purpose build office building with 12 parking spaces at front
Property benefits from communal reception, kitchens on each floor and cooling system
Conveniently located within short walk to local retailers such as Tesco Superstore and Lidl
Property Description:
Purpose-built detached office building arranged as a large self-contained unit at ground floor and 5 office units at first floor, with benefit of communal reception and 12 parking spaces. The property benefits from suspended ceilings, raised floors, cooling system, kitchenette, reception and break out area and provides the following accommodation and dimensions:
Ground Floor: 193 sq m (2,081 sq ft)
Open plan office, kitchen, communal lobby, wc
First Floor: 193 sq m (2,081 sq ft)
5 office units, kitchen, communal lobby, wc
Total NIA: 386 sq m (4,162 sq ft)
Tenancy:
The entire property is at present let to Remedicare Education Services Ltd for a term of 5 Years from 4th September 2024 at a current rent of £66,692* p.a. And the lease contains full repairing and insuring covenants. Fixed rental increase to £70,754 p.a. In Sep 2025 and £74,916 p.a. In Sep 2026 until the remainder of the term. Mutual option to determine in Sep 2027 with min 6 months notice.
* Tenant pays reduced rent of £33,346 p.a. Until 3rd July 2025. Vendor will top-up rent so the buyer receives the equivalent of £66,692 p.a. From completion.
Location:
Wokingham is located immediately to the south of J10 of the M4 motorway, and the A329(M). Bracknell is located 5 miles east and Reading 10 miles west. Wokingham Rail Station is just over half a mile away, offering direct trains to London Waterloo and Reading. The property is conveniently located within short walk to local retailers such as Tesco Superstore, Lidl and Wokingham Town Centre.
Rental Income: £66,692 p.a.
Gross Initial Yield: 7.41%
VAT is applicable to this property
Fixed rental increase to £70,754 p.a. In Sep 2025 and £74,916 p.a. In Sep 2026
Comprises two-storey purpose build office building with 12 parking spaces at front
Property benefits from communal reception, kitchens on each floor and cooling system
Conveniently located within short walk to local retailers such as Tesco Superstore and Lidl
Property Description:
Purpose-built detached office building arranged as a large self-contained unit at ground floor and 5 office units at first floor, with benefit of communal reception and 12 parking spaces. The property benefits from suspended ceilings, raised floors, cooling system, kitchenette, reception and break out area and provides the following accommodation and dimensions:
Ground Floor: 193 sq m (2,081 sq ft)
Open plan office, kitchen, communal lobby, wc
First Floor: 193 sq m (2,081 sq ft)
5 office units, kitchen, communal lobby, wc
Total NIA: 386 sq m (4,162 sq ft)
Tenancy:
The entire property is at present let to Remedicare Education Services Ltd for a term of 5 Years from 4th September 2024 at a current rent of £66,692* p.a. And the lease contains full repairing and insuring covenants. Fixed rental increase to £70,754 p.a. In Sep 2025 and £74,916 p.a. In Sep 2026 until the remainder of the term. Mutual option to determine in Sep 2027 with min 6 months notice.
* Tenant pays reduced rent of £33,346 p.a. Until 3rd July 2025. Vendor will top-up rent so the buyer receives the equivalent of £66,692 p.a. From completion.
Location:
Wokingham is located immediately to the south of J10 of the M4 motorway, and the A329(M). Bracknell is located 5 miles east and Reading 10 miles west. Wokingham Rail Station is just over half a mile away, offering direct trains to London Waterloo and Reading. The property is conveniently located within short walk to local retailers such as Tesco Superstore, Lidl and Wokingham Town Centre.
More information
Listed by
Blue Alpine Partners
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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.