Asking Price
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1989
Building Area Net

Property description

Vacant office with exceptional alternative use potential.

Investment highlights

  • Reading is the capital of the Thames Valley, ranked first in the UK as a tech employment cluster.
  • Rose Kiln Court comprises a modern office building totalling 31,687 sq ft on a highly prominent site fronting the A33, the main arterial route connecting the M4 (J11) to Reading town centre.
  • Highly accretive repositioning and redevelopment potential with immediate vacant possession achievable following expiration of Thames Water’s lease in April 2022.
  • Large 1.88 acre site well placed to capitalise on the acute shortage of industrial space in the Thames Valley.
  • Existing Prior Approval for the conversion of Rose Kiln Court to a 38 unit residential scheme with scope for a 29 unit new build residential scheme.
  • Opportunity to refurbish the existing building to provide Grade A office accommodation with prime rents in Reading achieving £40.00 per sq ft.


PROPOSAL

Offers are sought in excess of £6,500,000 (Six Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.


An offer at this level reflects an attractive low capital value of £205 per sq ft. 

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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