UK - Reading, Berkshire
$50,972,000 | 89,059 sf
Prime Big 6 Office in Manchester.
BREEAM "Excellent" with potential to be repositioned further to become an even more sustainable building.
Existing specification includes:
Thermal boreholes which boost the building’s energy efficiency.
A 50 kWp Solar Photovoltaic system on the roof which has generated enough electricity to has save 27.4 tonnes of CO2 eq. and offset the same CO2 as planting 250 trees.
There’s potential to enhance the building’s green credentials further by reconnecting a rainwater harvesting system, which was part of the original base build, to serve a proposed “Green Wall” which would increase the biodiversity gain for the building.
Offers are invited in excess of £52,500,000 (Fifty-Two Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 8.00% and a very low capital value of only £300 per sq ft, versus prime regional office capital values of £800+ psf achieved next door.