200 Brook Drive, Green Park, Reading_Property for Sale
200 Brook Drive, Green Park, Reading_Property for Sale
200 Brook Drive Green Park, Reading, RG2 6UB, UK

200 Brook Drive, Green Park, Reading

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
NZ$32,235,000
Building area net
5,071 m²
Occupancy
100%
Year built
1999
Cap rate
9%
NOI
NZ$3,098,000

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.

200 Brook Drive, Green Park, Reading 4_Property for Sale
200 Brook Drive, Green Park, Reading 4_Property for Sale

Contact brokers

200 Brook Drive, Green Park, Reading (0 Properties)

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Last updated
9 Jan 2023