Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

Origin, Western Road, Bracknell, RG12 1US

Offers in Excess of
£3,250,000

Business rates & charges may apply

GLPG, Marylebone
SIZE

Ask agent

SECTOR

Office for sale

Basement PlanGround Floor Plan
4

Key features

  • A modern office building
  • The existing NIA is 32,282 sqft & GIA is 40,187 sqft
  • 116 car parking spaces
  • Currently part-let to 2 tenants, with the remaining units vacant
  • Current annual income is £193,791
  • An agreement for lease is in place with Snap Fitness on a 20-year term at £130,000 per annum
  • Active discussions underway with potential tenants
  • Significant asset management opportunities
  • Estimated Rental Value (ERV) of approx. £453,791 per annum
  • Potential for change of use to residential, subject to planning

Description

A modern three-storey office building (plus basement) extending to approximately 2,999.1 sqm (32,282 sqft) NIA and 3,733.5 sq m (40,187 sqft) GIA.

116 car parking spaces, including 84 in the basement (approx. 40,000 sqft) and 32 at surface level.

Part-let to the Department for Work and Pensions (DWP) and DigitalML, with remaining space currently vacant.

Agreement for lease in place with Snap Fitness on a 20-year term at £130,000 per annum, effective on completion.

Total passing rent (including the AFL to Snap Fitness) is £323,791 per annum.

WAULT of 13.6 years until expiry.

Ongoing negotiations with other operators such as IWG and a well-known restaurant operator to occupy remaining vacant space.

Significant residential development potential and asset management opportunities.

Estimated Rental Value (ERV) of approximately £453,791 per annum, reflecting a low passing rent of £14 psf.

For sale freehold at offers in excess of £3,250,000, reflecting a net initial yield of 9.36%.

Brochures

Origin, Western Road, Bracknell, RG12 1US

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bracknell Station0.5 miles
  • Martins Heron Station1.7 miles
  • Wokingham Station3.6 miles

About GLPG, Marylebone

3 Fitzhardinge Street, London, W1H 6EF

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Origin. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GLPG, Marylebone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Email

Call

Email