Commercial · For sale

Building 1650, Theale – High Yielding Single-Let Grade A Thames Valley Office

Theale, Theale, West Berkshire, RG7 4SA

Offers over £9,540,000

Floor area

2791 sq m

Tenure

Freehold

Added

18 Oct 2026

About this property

Floorplates Building 1650 is a Grade A office building over ground and two upper floors, occupying a site of approximately 1.29 acres in a prominent position off Waterside Drive. Regular, near-rectangular floorplates of approximately 9,300 to 9,800 sq ft allow occupation as a single headquarters or division into suites. The space is currently sub-divided for serviced office use but reverts readily to open plan.

Key points: - IWG has traded from this building since 1989 and has repeatedly. - International Workplace Group (IWG) plc is listed on the London Stock. - For FY2025 the Group reported system-wide revenue of $4.45bn, group. - The Group and its listed bonds are rated BBB (Stable) by Fitch. In July. - Freehold self-contained HQ office of 30,040 sq ft at Arlington Business Park, Theale. - Single-let to Theale Baird House Centre Ltd (trading as Spaces), with rolling guarantee from IWG Global Investments Sarl. - Straight 16-year lease from 11 March 2020 to 10 March 2036 — approximately 9.5 years unexpired; no breaks. - Contracted rent £916,608 pa (£30.51 psf); open market rent review 11 March 2030. - Comprehensively refurbished in 2020/21 at a landlord cost of approximately £2m to CAT A; EPC B. - 145 parking spaces (ratio 1:207 sq ft). Offers in excess of £9,540,000 reflecting a NIY of 9.0% (purchaser's costs 6.80%).

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £916.6k pa
• NIY: 9.00%
• Area: 30k sq ft
• Tenure: Freehold