Tamar House, Forth House & Clifton House, Brants Bridge, Bracknell RG12 9BG 2.25 Acre Office Complex with Prior Approval For Sale

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1 Tamar House, Forth House & Clifton House, Brants Bridge, Bracknell RG12 9BG 2.25 Acre Office Complex with Prior Approval For Sale

2 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY Three self-contained office buildings (B1 Use Class) totalling approximately 34,248ft 2 NIA occupying a 2.25 acre site Prior Approval for conversion of the existing buildings to 79 self-contained residential flats under Permitted Development Rights Located approximately one mile away from Bracknell Station offering links to London Waterloo in circa one hour Car park offers potential for further development, subject to planning permission Offers invited in excess of 7,000,000 for the freehold interest, reflecting 204 per ft 2

3 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION The property consists of three self-contained office buildings on a single complex; Tamar House, Forth House, and Clifton House totalling approximately 34,248ft 2 NIA (38,578ft 2 GIA). The buildings were constructed in Each building is of steel frame and brick cladding construction under a pitched roof. The site area totals approximately 0.91 hectares (2.25 acres), providing a site cover of approximately 18% and incorporates a large car park with space for 151 cars. LOCATION Located in the heart of the Thames Valley, Bracknell is situated 33 miles west of Central London and 8 miles south of Reading town centre. Bracknell has excellent road communications with Junction 10 of the M4 motorway 3.5 miles to the north accessed via the A329(M) and Junction 3 of the M3 motorway 6 miles to the south accessed via the A322. Heathrow airport is 19 miles to the east of the property taking approximately 30 minutes by car and Gatwick Airport is 40 miles to the south, approximately 1 hour by car. There are frequent services to London Waterloo and Paddington (via Reading) plus a regular service to Ascot, Staines and Reading. Reading will operate Crossrail services from The property fronts London Road which connects Bracknell town centre and Ascot to the M25 motorway to the east.

4 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENANCIES TENANCY SCHEDULE Clifton House and Tamar House are let to single occupiers, generating a gross rental income of 348,665 per annum which equates to per ft 2 overall. Forth House is currently vacant. Building Area ft 2 ( per Rent annum) Rent ( per ft 2 ) Clifton House 13, , Tenant Avnet Technology Solutions Ltd Lease Start 04/10/2010 Lease End (Break Option) 03/10/2020 (04/10/2017) Comment Outside the L&T Act The Clifton House tenancy can be terminated in October 2017 and is outside the Landlord and Tenant Act. The Tamar House tenancy also terminates in October 2017 and is within the Landlord and Tenant Act. PLANNING POTENTIAL Forth House 10,237 Vacant Vacant Vacant Vacant Vacant Vacant Tamar House 10, , Total 34, , L&T Act Countrywide Estate Agents 10/10/ /10/ protected APPROVED ACCOMMODATION SCHEDULE Building Floors Description Quantity GIA ft 2 GIA m 2 Prior Approval was granted on 17 th February 2017 under reference 16/01293/PAC for conversion of the existing buildings (B1 Use Class) to 79 self-contained residential flats, comprising of 3 x studios, 66 x 1 bedrooms and 10 x 2 bed apartments, under Permitted Development Rights. The online planning application can be found here. A more detailed accommodation schedule can be found here. Further to the Prior Approval consent, there is the possibility to increase the provision of flats via the extension of the roof of the existing buildings or by the construction of new blocks in the car park area, subject to planning permission. Tamar House Ground, First and Second Studio Apartment Bedroom Apartment 19 8, Bedroom Apartment 6 3, Sub Total 26 12,416 1,153.4 Forth House Ground and First 1 Bedroom Apartment 17 7, Bedroom Apartment 3 1, Sub Total 20 9, Clifton House Ground and First Studio Apartment Bedroom Apartment 30 12,957 1, Bedroom Apartment Sub Total 33 14,360 1,334.2 Total 79 36,045 3,349.0

5 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The properties will be sold freehold with vacant possession upon completion. VAT We understand that the property is not elected for VAT. TERMS Offers are invited in excess of 7,000,000 for the freehold interest. Fourth House ADDITIONAL INFORMATION Further information including approved planning documents can be found in our dataroom using the password Bracknell. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Paul Heale Clifton House Jordan Oldfield Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: Tamar House