One Tony Wilson Place, Manchester
UK - Manchester
€60,353,000 | 16,253 m²
Asset Description
• 200 Brook Drive is situated on Green Park, Reading’s premier business park, located 2.5 miles from Reading town centre.
• 200 Brook Drive comprises a 54,585 sq ft (NIA) Grade A office building, benefiting from 232 car parking spaces, equating to a ratio of 1:235 sq ft.
• The property is let in its entirety to Reading Green Park Centre Limited (Regus), who have been in occupation since 1999.
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Attributes
Asking Price
€17,601,000
Building area Net
5,071 m²
Occupancy
100.00%
Year built
1999
Cap Rate
9.00%
NOI
€1,692,000
Media
Investment Highlights
• Represents a high yielding single-let investment opportunity on a prime south east business park.
• Regus have recently recommitted to the building by taking a 5 year reversionary lease, creating a current unexpired term of 9.4 years.
• 200 Brook Drive produces a headline rent of £1,471,224 per annum. This equates to a low headline rent of £27.71 per sq ft with half rent on the reception area.
Contact brokers
200 Brook Drive, Green Park, Reading (0 Properties)
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Last updated
9 Jan 2023
