Summary - MIRRC, COLTHROP WAY RG19 4NR
1 bed 1 bath Not Specified
Secure income with strong rental upside in a well located warehouse.
Freehold industrial warehouse approx. 22,489 sq ft (2,089 sq m)
A well-located, freehold industrial investment extending to approximately 22,489 sq ft (2,089 sq m) with a secure single occupier in situ. The property is a steel portal‑framed warehouse with integral two‑storey offices, two roller shutter doors and a large forecourt providing around 30 car parking spaces and good loading access. Passing rent is £180,000 pa (c. £8.00 per sq ft), below current local market levels which are reported in excess of £12.00 per sq ft, offering clear reversionary income potential at lease expiry.
The tenant, Thatcham Research, has fully fitted the internal accommodation to suit operational use; original offices remain to the front. That tenant fit-out supports continued occupation but may restrict immediate re-letting options without tenant removal or alteration. The site benefits from excellent road links to Colthrop Way and the A4 (Bath Road), fast broadband and strong mobile signal, making it suitable for long‑term occupational demand or a hands-off income investment.
Known negatives are straightforward: the passing rent is materially below current market rents, and the location records higher-than-average local crime rates, which may influence occupational considerations and insurance. There is no identified flood risk. Overall this is a large, functional industrial asset with on‑site parking and loading, attractive to investors seeking rental upside and stability from a single institutional occupier.
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