20D Horseshoe Park, Pangbourne, Reading, Berkshire, RG8 7JW

Situation

The property is located within Horseshoe Business Park in the picturesque village of Pangbourne. Access is via Horseshoe Road off the A329 Reading Road.
Pangbourne is located approximately 5 miles North West of Reading, with access to Junction 12 of the M4 just 4 miles away.


Description

The property comprises a mid terrace two-storey business unit constructed of a reinforced concrete frame with brick and corrugated steel elevations. Unit 20 has been split into 4 offices suites, with 20D on the first floor.
The space is laid out mostly open plan, with demountable partioinng creating 2 smaller offices/meeting room and a store room. It also benefits from shared W/C and kitchenette facilities. The space is freshly decorated, with new carpet, LED lighting and benefits from a mixture of electric heating and airconditioing throughout.
3 parking spaces are allocated to the front of the property, with open fields to the rear.
The space is currently let on a term expiring 14th September 2028 at £11,300 per annum exclusive. There are annual increases and mutual breaks.

Accomodation

Unit 20D 108.49 1,167

Proposal

The property is available to let on a new 5 year lease. The quoting rent is £12,000 per annum exclusive. VAT is applicable.

Alternatively the property is available to purchase on a 999 year lease (commencing 1984). We are instructed to seek offers in excess of £130,000. VAT is applicable.

Ground rent of £25 per annum plus VAT is payable.


Service Charge

The estate service charge for the current year is £439.68 plus VAT per quarter. There is also an internal service charge for shared facilities and building upkeep which equates to £120 per quarter. Buildings insurance is £450.20 Plus VAT for the current year.