The RO Group has sold Waterside Court, a fully occupied multi-let office investment in Langley, Berkshire, to a French Investorfor £5.45 million.
The freehold property comprises four refurbished, self-contained office buildings extending to a total of 20,938 sq. ft. across a 1.23-acre site on Waterside Drive, Langley’s principal commercial area.
The property is let to five occupiers across the four buildings. These are Active Silicon Limited, Keymat Technology Limited, Wellingtons for Langley Hall Limited, and Langley Hall Primary Academy Trust.
Waterside Court has been refurbished to provide Grade A office accommodation and benefits from an EPC B rating, VRF air conditioning, raised access floors, LED lighting and 108 car parking spaces. The property is located approximately 350 metres from Langley Station, providing Elizabeth Line services and a journey time to London Paddington of 24 minutes. It is also approximately 1.5 miles from Junction 5 of the M4 and around 15 minutes from Heathrow.
The site also benefits from low existing site coverage and longer-term alternative-use potential. Opportunities exist for residential and educational conversion, or industrial and data centre redevelopment.
Nick Cashmore, Investment Director, RO Real Estate, commented:
“The sale of Waterside Court follows a successful period of active asset management, during which we have strengthened the occupational profile of the property and brought the accommodation to full occupancy.
“Having successfully executed our asset management strategy by leasing the final suite on a 15-year lease at a new headline rent we believe this is the right point at which to realise the investment and are pleased to have completed the sale”
The RO was advised by Allsop and Osborne Clarke.
