3 The Green
Easter Park
Aldermaston, Nr, Tadley
Berkshire
RG7 2PQ

Freehold Thames Valley Office Investment

  • Let to Systems Mechanics Limited
  • Lease renewal from January 2018
  • High specification office
  • Thames Valley Business Park located between Reading, Bracknell and Newbury
  • Other occupiers on park include Anesco Energy, Elliott Group and Atkins Global
  • Lot
    23
  • Auction
    14/Feb/2018
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 3 The Green<br>Easter Park<br>Aldermaston, Nr, Tadley<br>Berkshire<br>RG7 2PQ
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Property Information

Location
Miles
8 miles north-west of Basingstoke, 9 miles south-west of Reading, 10 miles south-east of Newbury
Roads
A33, A339, A340, M3 (junction 6), M4 (junctions 11 & 12),
Rail
Aldermaston Station
Air
London Heathrow Airport
Situation

Easter Park is strategically located between the M3 (11 miles to the south) and M4 (6 miles to the north) motorways, in the heart of the Thames Valley. The Green is one of three phases of Easter Park, which in total comprises around 240,000 sq ft of high quality office and industrial accommodation set on over 20 acres. The property is located to the south of Benyon Road, which has direct access to Reading Road (A340). Other occupiers on Easter Park include Anesco Energy, Elliott Group, Atkins Global and CTS Logistics. Aldermaston is internationally recognised as the headquarters of the UK’s Atomic Weapons Establishment, which is located opposite Easter Park and employs over 4,000 people.

Tenure

Freehold.

Description

The property comprises a modern office arranged on the ground and first floors. The property benefits from full access raised floors, comfort cooling, suspended ceilings and open vaulted ceilings to the first floor. The property also benefits from the right to park 10 cars to the front of the building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
First
Offices
Offices
88.91 sq m
113.34 sq m
(957 sq ft)
(1,220 sq ft)
SYSTEMS
MECHANICS
LIMITED (1)
A term of years from 15/01/2018
until 19/07/2023 on an effectively
full repairing and insuring lease
£35,000 (2)
Total
202.25 sq m
(2,177 sq ft)
  £35,000 (2)

(1) Systems Mechanics Limited provide software solutions for the telecoms industry, with clients including Vodafone, Telefonica, Ucell, Swisscom and TeliaSonera. For the year ending 30th September 2017, Systems Mechanics Limited reported net assets of £1,084,325 (Sources: www.sysmech.co.uk (16/01/2018) and Systems Mechanics Limited 2017 Annual Report).
(2) Systems Mechanics Limited are currently benefiting from a rent free period due to expire on 15th May 2018. The Seller has agreed to adjust the completion monies so that the property will effectively produce £35,000 p.a.x. from completion of the sale until the expiry of the rent free period. The Vendor holds a £5,000 rent deposit.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    596 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    553 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw Solicitors 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
020 7794 7485
Declan O'Brien 020 7431 1912declan@solts.co.uk

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