
Portman Road Estate Disposal
Portman Road, Reading, Berkshire, RG30 1EA, UK
64,860 sf
West 303 Sparkford, originally the home of Haynes Publishing Group, the world’s largest publishers of automotive manuals, having produced and sold over 200m copies since the early 1970s. Haynes Publishing, to this day, remains in occupation.
The estate has recently been extensively refurbished and reconfigured to provide a number of self-contained units, the majority of which are steel portal-framed structures occupied as warehouses, light manufacturing, and offices.
Two of the larger occupiers, Yapp Bros and Emtech Hatchery Systems, have undertaken significant tenant improvements, further enhancing the buildings and their long-term commitment to the estate.
In general, the buildings comprise:
• Open span steel portal frame structures for the majority of the buildings
• Profile steel cladding with stone at lower levels
• Electrically operated up/over Roller Shutter doors and steel personnel doors
• Security perimeter fencing throughout
• Substantial main car park for circa 65/70 Cars
• A combination of Warehousing, manufacturing and offices
We are instructed to seek offers in excess of £6,000,000 (Six Million Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.76% (assuming purchaser's costs of 6.71%). This equates to a capital value of only £72.66 per sq ft.