View Large
The Market Street Portfolio, Bracknell, Berkshire
An opportunity to acquire the Freehold Interests of three multi-let commercial and residential investments, located on Market Street, in the centre of Bracknell.
- 1-10 Market Street – the recently upgraded parade consists of 12 retail units over two storeys and is fully let to a variety of independent tenants and produces a rent of £199,000 per annum inclusive of 12 rented parking spaces. The property has a WAULT of 6.48 years to first break or expiry.
- Alston House – constructed in 2018, consists of 10 commercial units and 12 x 2 bedroom residential apartments, over 4 storeys with 5 parking spaces. All retail units are let and income producing with one under a short term license. Total income including the apartments and parking is £454,282 per annum with a WAULT of 5 years to first break or expiry (Commercial Units).
- West View – constructed in 2017, consists of 8 commercial units over two storeys. All commercial units are let and income producing, with a total rent of £229,100 per annum. The property has a WAULT of 3.58 years to first break or expiry.
- All three properties are elected for VAT.
- The properties are available to purchase individually or together.
We are instructed to offer the properties at a combined Guide Price of £12,100,000 (excluding VAT), subject to contract for the Freehold interests. (Available Individually). Reflecting a combined net initial yield of 6.85% assuming standard purchasers costs of 6.41%.
