Summary - GROUND FLOOR UNIT 6, MILLARS BROOK, MOLLY MILLARS LANE RG41 2AD
1 bed 1 bath Office
**Standout Features:**
- Purpose-built, two-story detached office building
- Total Net Internal Area: 386 sq m (4,162 sq ft)
- Current rental income of £66,692 p.a. with fixed increases
- Twelve parking spaces available
- Conveniently located near retailers like Tesco and Lidl
**Concerns:**
- Lease term of only 5 years remaining; potential mortgage lending issues
- Tenant currently pays reduced rent until July 2025
- VAT applicable on the property
This modern, purpose-built office building in Wokingham is an excellent investment opportunity with a stable rental income of £66,692 p.a., set to increase to £70,754 p.a. in September 2025 and £74,916 p.a. in 2026. The property features a spacious layout with large windows that bathe the interior in natural light, suspended ceilings, and a cooling system, plus essential amenities including kitchens on each floor. With twelve dedicated parking spaces and a strategic location just a short walk from local retailers, this property offers significant rental potential.
However, it is essential to consider the remaining five-year lease term, which may impact future financing options. The tenant currently benefits from a reduced rent until mid-2025, but rest assured, the vendor will provide a rent top-up to ensure returns are maintained from completion. Situated in an affluent area with good transport links and top-rated schools, this office block presents an appealing choice for astute investors. Don't miss out on this opportunity; properties like this are in high demand!
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