Technogym UK, Technology House
Two The Boulevard, Cain Road
Bracknell
Berkshire
RG12 1WP

Modern Office/Showroom Investment

  • Let to Technogym U.K. Limited
  • Office and Showroom comprising circa 12,053 sq ft with parking for 70 cars
  • 10 year lease expiring June 2023
  • Future change of use potential to residential (20 flats) (subject to lease and consents) - Upper floors recently converted to 60 flats
  • Nearby occupiers include UK Head Offices for Dell, Hewlett Packard and 3M
  • Popular M4 Corridor location close to A329(M)
  • Lot
    17
  • Auction
    25/Mar/2021
  • Rent
    £204,578 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Technogym UK, Technology House<br>Two The Boulevard, Cain Road<br>Bracknell<br>Berkshire<br>RG12 1WP
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles east of Reading
31 miles west of Central London
Roads
A322, A329(M), M3, M4, M25
Rail
Bracknell
Air
London Heathrow (17 miles)
Situation

Bracknell is a popular commuter town, approximately 10 miles east of Reading and 31 miles west of Central London. The property is located one mile to the west of the town centre, in a prominent position on the south side of The Boulevard in a predominantly office based location. The property is prominently positioned fronting Cain Road on secured landscaped site at Amen Corner, Bracknell's principal out-of-town office district.
The property benefits from excellent road and rail connections being located less than a mile from the A329(M) motorway, four miles from J10 of the M4 and 7 miles from J3 of the M3 motorway as well as benefitting from direct trains from Bracknell to London. Nearby occupiers include UK head offices for Dell, Hewlett Packard and 3M.

Tenure

Long Leasehold. 999 years from completion at a peppercorn rent.

Description

The property comprises a ground floor office/showroom, which forms part of a larger residential building not included within the sale.
The property includes parking for 70 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion Available

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
GroundOffice/Reception/
Staff Restaurant/
Showroom
1,119.78 sq m
(12,053 sq ft)
TECHNOGYM U.K.
LIMITED (1)
Approximately 10 years
from 19/06/2013 until
23/06/2023
£204,578
Total
1,119.78 sq m
(12,053 sq ft)
  £204,578

(1) For the year ending 31/12/2019, Technogym U.K. Limited reported a turnover of £70,251,194, pre-tax profits of £3,762,417 and total assets of £40,414,839 (NorthRow 15/01/2021). Technogym have been operating for more than 35 years and have become a leader in producing gym equipment and wellness services. Technogym equipment is used by over 50 million people globally in gyms, schools, universities, medical centres, hotels, cruises and at home (www.technogym.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    872 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier 1 - 2 Temple Fortune Parade
London
NW11 0QN
0208 458 5065
Booky Dubiner 0208 458 5656bd@bnilaw.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now