29,336 sq ft
For Sale
Industrial / Warehouse
| Property Type | Industrial / Warehouse |
| Tenure | For Sale |
| Size | 29,336 sq ft |
| Price | Offers in excess of £3,500,000 |
| Business Rates | £5.34 per sq ft |
| Energy Performance Rating | This property has been graded as C |
Reading is an established commercial location strategically placed at the heart of the Thames Valley, approximately 40 miles west of Central London.
448 Basingstoke Road is located approximately 2 miles to the south of Reading town centre on the B3031 Basingstoke Road and accessed from Manor Farm Road.
The surrounding area comprises light industrial, warehouse, trade counter and
office along with a range of local amenities.
Located on Basingstoke Road, Reading providing easy access to the A33, which in turn links with Junction 11 of the M4 and Reading town centre
The property comprises of a warehouse with high quality offices and potential for alternative uses including showroom, trade and R&D (STP)
FEATURES
- Rarely available freehold
- Capital value only £120 psf
- Prominent corner position
- Secure site with 2 access gates
- Part let and income producing
- Full vacant possession potentially available
- Large roof top car park
- 72 car parking spaces
- Covered loading bay
- Potential for alternative uses (STP)
WAREHOUSE
- 4.15 metre clear height
- 3 large loading doors
- 3-phase power supply, 100kva
- Canopy loading area to warehouse
OFFICE
- Modern open plan space with glazed partitions
- Suspended ceiling with air-conditioning
- Impressive break out areas
We understand the Gross Internal Area (GIA) is as follows:
| Name | sq ft | sq m |
|---|---|---|
| 1st - Office | 7,000 | 650.32 |
| Ground - Office | 6,703 | 622.73 |
| Ground - Warehouse | 15,633 | 1,452.35 |
| Total | 29,336 | 2,725.40 |
448 Basingstoke Road is offered for sale freehold.
The ground floor self-contained office area is let to Fiscal Technologies until 14th April 2027 and produces a rental income of £100,545 pa.
The property is being sold with the benefit of this lease and vacant possession of the warehouse and first floor office. Full lease terms are detailed within the particulars of sale.
It may be possible to relocate Fiscal Technologies to the first floor or gain vacant possession of the whole.
We are seeking offers in excess of £3.5m plus VAT subject to contract.
We understand the property is registered for VAT and therefore VAT will be payable on the purchase price unless acquired by way of a Transfer of a Going Concern.
Please contact the joint sole agents for further information or an appointment to view.
