Office

200 Brook Drive, Green Park, Reading

200 Brook Drive Green Park, Reading, RG2 6UB, UK

200 Brook Drive, Green Park, Reading_Property for Sale

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200 Brook Drive, Green Park, Reading 2_Property for Sale

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.

Attributes

Asking Price
$18,778,000
Building area Net
54,585 sf
Occupancy
100.00%
Year built
1999

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

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Last updated
Nov 30, 2022