Holybrook House 63 Castle Street Reading Berkshire RG1 7SN

Holybrook House
63 Castle Street
Reading
Berkshire
RG1 7SN

Freehold Office Investment with Residential Potential (Subject to Consents)

Multi Let Producing £47,344 pa with Vacant Office Suites to Be Let
All leases subject to Uncapped annual Rent Reviews in line with the Consumer Price Index.
Approximate Net Internal Area of 422.06 sq m (4,543 sq ft)
Asset Management Opportunity
Residential Conversion Potential and Potential to Develop on the Rear Car Park (subject to consents)
Central Location in Well-Established Town

Lot
38
Auction
25th September 2024
Rent
£47,344 per Annum
with vacant office suites to be let.
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Office Investment with Residential Potential (Subject to Consents)

Multi Let Producing £47,344 pa with Vacant Office Suites to Be Let
All leases subject to Uncapped annual Rent Reviews in line with the Consumer Price Index.
Approximate Net Internal Area of 422.06 sq m (4,543 sq ft)
Asset Management Opportunity
Residential Conversion Potential and Potential to Develop on the Rear Car Park (subject to consents)
Central Location in Well-Established Town

Lot 38
Auction 25th September 2024
Rent £47,344 per Annum with vacant office suites to be let.
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles south-west of Henley-on-Thames, 25 miles south-east of Oxford, 40 miles west of Central London
Roads: A33, A329 (M), A404 (M), M4
Rail: Reading Railway Station & Crossrail
Air: London Heathrow Airport

Situation

Reading is a popular retailing destination and major commercial and administrative centre for the Thames Valley region. The property is located 300m from the town centre at the junction of the IDR, A4 and relief road benefitting from excellent transport links. The Town benefits from the recent London Cross Rail/ Elizabeth Line which connects Reading directly to Central London.

Tenure

Freehold.

Location

Miles: 8 miles south-west of Henley-on-Thames, 25 miles south-east of Oxford, 40 miles west of Central London
Roads: A33, A329 (M), A404 (M), M4
Rail: Reading Railway Station & Crossrail
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property is an attractive Grade II listed office building comprising office accommodation on the ground, first, second and third floors. The property also benefits from a large private car park to the rear for approximately 13 cars, which has potential for residential development (subject to consents).

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.

Description

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

Floor Levels	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.	Rent Review (Reversion)
Lower Ground Suite B1	Office	48.68	(524)	VACANT POSSESSION	-	-	-
Lower Ground Suite B2	Office	17.74	(191)	LEARNING PLUS UK DATA LTD (CRN: 08977436) (1)	5 years from 11/08/2021 (2)	£4,908	11/08/2024 (4) (10/08/2026)
Suite 1	Office	22.58	(243)	AN INDIVIDUAL	3 years from 25/03/2022	£9,070	25303/2024 (4)(24/03/2025)
Suites 2, 3 and 4	Office	73.49	(791)	SWIETELSKY CONTRUCTION COMPANY LTD (CRN: 05279323) (3)	3 years from 11/07/2023	£33,366	11/07/2024 (4) (10/07/2026)
Suites 5-14	Office	259.57	(2,794)	VACANT POSSESSION	-	-	-
Total Approximate Net Internal Floor Area		422.06	(4,543)			£47,344

(1) Learning Plus UK is a non-profit organisation providing support to the education sector to improve performance and raise standards across the UK (www.learningplusuk.org)
(2) The lease is subject to a tenants option to determine the lease on 10/08/2024
(3) The Swietelsky Group is a leading construction company in central and eastern Europe, with over 12,000 employees across 21 countries (www.swietelsky.co.uk). For the year ending 31/03/2024, Swietelsky Construction Company Ltd (CRN: 05279323) reported a turnover of £23,945,221, a pre-tax profit of £4,948,835 and a net worth of £14,134,769 (source: Northrow 14/08/2024)
(4) All leases are subject to annual uncapped Rent Reviews in line with the Consumer Price Index.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.