Summary - ORIGIN, WESTERN ROAD RG12 1US
1 bed 1 bath Office
Large income-producing office with significant rental upside and change-of-use potential.
32,282 sqft NIA across three storeys plus basement
A substantial modern office investment in Bracknell, Origin offers 32,282 sqft NIA across three storeys plus basement, with 116 car parking spaces. The property is currently part-let to the DWP and DigitalML, with an Agreement for Lease in place for Snap Fitness on a 20-year term at £130,000 pa, bringing total passing rent to £323,791 pa (including the AFL). The guide price is offers in excess of £3,250,000, reflecting a net initial yield of 9.36% and an estimated rental value of approximately £453,791 pa, signalling notable rental upside for active asset management.
This is a clear opportunity for investors who can complete lettings and implement repositioning. Significant asset management scope exists: ongoing negotiations with operators (including IWG and a restaurant operator) could increase occupancy and income quickly. The building’s scale, basement parking and long WAULT (13.6 years) add security and flexibility for alternative uses or re-letting strategies.
Key negatives are factual: a large portion of space is vacant, local crime statistics are very high, and tenure details are not specified in the listing. Change of use to residential is possible but would require planning consent and further feasibility work. Prospective purchasers should allow for letting costs, possible refurbishment, and any planning or remediation works when modelling returns.
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