Holybrook House 63 Castle Street Reading Berkshire RG1 7SN

  • Holybrook House<br>63 Castle Street<br>Reading<br>Berkshire<br>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
    Available
  • Guide*
    Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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 Available
  • Guide* Contact Us
  • 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

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.

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

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.

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.09.24
    File Size
    43 MB
    Login to View
  • Brochure
    Updated Date
    24.09.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate Auctioneers
Hicks Baker 10-14 Duke Street
Reading
RG1 4RU
Harry Gornall-King 0118 955 7075 07738 104 806H.Gornall-King@hicksbaker.co.uk
Seller's Solicitors
Robert Lynch 07921384331Rob.lynch@blakemorgan.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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