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Horseshoe Rd 1,167 SF Office Condo Unit Offered at $240,087 CAD in Reading RG8 7JW
Investment Highlights
- Refurbished first-floor office/business unit
- 999-year long leasehold interest
- Stepped rental increases during the term
Executive Summary
The property comprises a refurbished first-floor office suite within a mid-terrace, two-storey business unit of reinforced concrete frame construction with brick and corrugated steel elevations. The property is located within Horseshoe Business Park in the picturesque village of Pangbourne. Access is via Horseshoe Road off the A329 Reading Road.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The accommodation is predominantly open plan, supplemented by demountable partitions forming two smaller offices/meeting rooms and a store. The unit benefits from shared W/C and kitchenette facilities, new carpets, LED lighting, and a combination of electric heating and air conditioning throughout. Externally, the property benefits from three allocated parking spaces to the front with open fields to the rear
Sale Notes
The property is fully let on a lease expiring 14 September 2028, producing a current income of £11,300 per annum exclusive. The lease benefits from stepped annual increases to £11,865 and £12,458, with mutual break options subject to six months’ notice.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 20D | 1,167 SF | Office | $240,087 CAD ($205.73 CAD/SF) | - |
Unit 20D
| Unit Size |
| 1,167 SF |
| Condo Use |
| Office |
| Price |
| $240,087 CAD ($205.73 CAD/SF) |
| NOI |
| - |
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Unit 20D
| Unit Size | 1,167 SF |
| Condo Use | Office |
| Price | $240,087 CAD ($205.73 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| The accommodation is predominantly open plan, supplemented by demountable partitions forming two smaller offices/meeting rooms and a store. The unit benefits from shared W/C and kitchenette facilities, new carpets, LED lighting, and a combination of electric heating and air conditioning throughout. Externally, the property benefits from three allocated parking spaces to the front with open fields to the rear</li></ul> | |
| Sale Notes | |
| The property is fully let on a lease expiring 14 September 2028, producing a current income of £11,300 per annum exclusive. The lease benefits from stepped annual increases to £11,865 and £12,458, with mutual break options subject to six months’ notice.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 19,258 SF | Typical Floor Size | 9,629 SF |
| Property Type | Flex (Condo) | Year Built | 1982 |
| Property Subtype | Light Manufacturing | Lot Size | 0.29 AC |
| Building Class | B | Parking Ratio | 2.34/1,000 SF |
| Floors | 2 |
| Total Building Size | 19,258 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 9,629 SF |
| Year Built | 1982 |
| Lot Size | 0.29 AC |
| Parking Ratio | 2.34/1,000 SF |
Amenities
- Signage
- Storage Space
- Air Conditioning
Utilities
- Lighting
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Matterport 3D Exterior
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Street
Map
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Horseshoe Rd
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