Flex7 Ltd, Ruscombe Business Park, Ruscombe Lane, Twyford, RG10 9JW

Description
This property is a detached industrial unit built of steel portal frame, breeze block walls and metal sheet cladding to the exterior.

The space has been arranged as a ground floor office, kitchen, reception room, workshop and ancillary office on the first floor. The offices are finished with suspended ceiling tiles, modern LED lighting with presence controls, carpet tiles, air conditioning, electric radiators and double-glazed windows along with raised flooring.

The warehouse has a concrete floor, asbestos cement sheet roof incorporating roof light on part with sheet cladding on the remainder. The space is heated by gas air blowers. Within the warehouse side extension there is additional storage space and roller shutter access with the door measuring 4.26 metres by 3.10 metres. There are first floor offices and a bolt in mezzanine which is used for storage and manufacturing purposes.

First Floor Mezzanine has not been included within measurements table. The Mezzanine is 787 sq ft (73.14 sqm) and was measured using GIA in accordance with the RICS Code of Measuring Practice

Location
Twyford is a large village located to the east of Reading.

There are strong transport links within the area including Twyford train station which is located to the south of the village and provides direct trains to Reading (7 mins), London Paddington (32 mins) and London Liverpool Street (1 hour 2 mins).

Ruscombe Business park is located on the eastern periphery of Twyford, and that park itself was likely to be developed from the 1980s/ early 1990s and contains a mixture of purpose-built, detached offices, terraced and detached industrial units.

Viewings
Viewings by appointment of sole agents only

Leaseback
On completion, the property will be leased to Flex7 Limited on a new 10 year term with a 5 year tenant only break clause. The rent will be £150,000 per annum plus VAT. Rent reviews will be 5 yearly, annually compounded, linked to CPI with a cap and collar of 1 – 4%.

The lease will be on full repairing and insuring terms (FRI) subject to a schedule of condition.

Tenure
Freehold

Anti Money Laundering
HMRC requires all parties to be checked for anti-money laundering

VAT
VAT is elected and the property will not be treated as a Transfer of Going Concern.

Pricing
We are seeking offers in excess of £1,800,000 which reflects a net initial yield of 7.77% net of purchaser’s costs.

EPC
69 C