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Aspen House
300 Kings Road, Reading
RG1 4HP
Office
Status - Sold
Tenure - Freehold
Total floor area - 31,034 sq ft
Price - £4.85 million
Net initial yield - 10.50%
Aspen House comprises a 1986 build self contained office building with open plan accommodation arranged over ground and three upper floors with a combination of cladding and glazed elevations. Let to Snap-On Business Solutions Ltd until 10 October 2018 with a tenant’s break option on 10 October 2013. Various asset management opportunities including lease re-gear, refurbish/re-let in 2013 or redevelopment subject to planning. The building specification also benefits from substantial refurbishment works undertaken by the tenant after their initial occupation of the building in 2003.
Agent details
Lambert Smith Hampton
Nick Lloyd
Telephone: 020 7198 2221
Mobile: 07764 256 207
Office: London
nlloyd@lsh.co.uk
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Lambert Smith Hampton
Mike Tench
Telephone: 020 7198 2248
Mobile: 07823 537 103
Office: London
mtench@lsh.co.uk
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