№ 2,552,439

Office building in Berkshire

£10,950,000
  • Total area —
  • Yield 4.88%
  • Cost in euros per m2 —
  • Completion in 2028.I
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Alina Dunaeva
Investment consultant in Berkshire
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    Key project parameters
    Number of parking lots
    102
    Floors
    4
    Completion in
    2028.I
    Project description

    This site has been consented for development; one of the buildings is already vacant and can be converted after acquisition, while earning income from the other office building which is still tenanted. Developer will submit a planning application to enhance the scheme from the currently consented 67 units up to 83 units which is expected to be approved prior to completion of the acquisition in October 2026. As well as car parking (102 car parking spaces), there will be amenity space provision and bicycle spaces as well.

    1st building is a 2.56 acre office building site developed in 1999 which is being sold with vacant possession. It extends over 66,618 sqft and is grade A office arranged over ground and three upper floors.

    2nd building is a 1.55 acre office building (built also in 1999) with a tenant currently in place until December 2027 (annual rent of £ 535k). It extends over 25,422 sqft, with ground and two upper floors.

    Tenants
    Agreement
    Yes
    End of lease
    2027
    Financial performance
    Yield
    4.88%
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    Location and nearby infrastructure

    Arlington Square West sits in a central, well connected part of Bracknell, close to the town centre, major local employers and key retail amenities including the shopping centre. The immediate area is dominated by commercial offices and modern apartments, with local supermarkets in the vicinity. It’s also 15 minutes walk from Bracknell station, which can reach Central London in an hour directly to London Waterloo, or via Reading on the Elizabeth line. Bracknell itself is relatively close to the M3, M4 and M25 motorways, and other towns such as Reading, Woking and Guildford, as well as Heathrow airport, making it an attractive town for both commuters into London and for professionals working in the region. Bracknell’s demographic resident population is relatively young on average. There is strong demand for rental and owner occupier flats in the Arlington Square West area due to proximity to Bracknell town centre and major employers.

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