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Sapphire Plaza Watlington St 48,666 SF 4-Star Office Building Reading RG1 4RE $9,208,629 CAD ($189.22 CAD/SF)
Investment Highlights
- Within close proximity to Reading’s principal retail destinations
- Attractive and highly visible riverside setting
- Exceptional connectivity
Executive Summary
The property provides an excellent opportunity to convert to a range of alternate uses, including residential development via Permitted Development Rights.
Offers are invited in excess of £5,000,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £102 psf on the NIA and £84 psf on the GIA.
Offers are invited in excess of £5,000,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £102 psf on the NIA and £84 psf on the GIA.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
48,666 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1995
Price
$9,208,629 CAD
Price Per SF
$189.22 CAD
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
8,933 SF
Building FAR
0.97
Lot Size
1.15 AC
Parking
61 Spaces (1.25 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
- Accent Lighting
- Energy Performance Rating - D
- Basement
- Common Parts WC Facilities
- Direct Elevator Exposure
- Natural Light
- Perimeter Trunking
- Drop Ceiling
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Sapphire Plaza | Watlington St
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