Home > Auctions > 21 & 22 April 2026 22 April 2026 - 10:00am > Lot 237

21 & 22 April 2026: Wednesday 22 April 2026 - 10:00am
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    Key features

    • To be offered on Wednesday 22 April (Unless sold prior)
    • The building extends to 43,405 sq ft NIA and 55,023 sq ft GIA on an approx. 1.16 acres (office building to the front and a multi-story car park to the rear) low capital value of £72.69 per sq ft on GIA on guide price
    • PD/Alternative use potential for an approx. 67 dwellings (subject to the requisite consents)
    • Ability to achieve additional massing through PD or full planning permission (subject to the requisite consents)
    • No restrictions on permitted use within the headlease
    • Located next to the town centre & The Lexicon, newly developed retail and leisure destination
    • WAULT to expiry of 1.4 years and WAULT to break of 1.0 years
    • Four out of five tenancies ending by June 2027, with Vacant Possession potential by October 2028 or earlier by negotiation
    • Asset management potential to let out the vacant space
    • Multi let to four tenants, generating a passing rent of £576,796 pa. (14.41% GIY on guide)

    Description

    For the Data Room please email nicholson.boyd@savills.com for access.

    One Station Square is a modern multi-let office building extending to 43,405 sq ft net internal area, arranged over ground and seven upper floors. The unit sizes range from 1,588 sq ft to 5,513 sq ft.

    Key features

    • EPC rating B
    • 2 x 10 Person Lifts
    • 2 x Stair cores
    • Fully wired ‘plug and play' open plan floor
    • Modern reception
    • Exceptional town centre parking ratio of c 1:202 sq ft
    • LED Lighting
    • Extensive bike storage and modern shower and changing facilities

    The car park contains 337 carparking spaces, at grade and within the multi storey car park to the rear. These are currently allocated as follows:

    • 127 reserved for Network Rail under the headlease
    • 118 for the tenants &
    • 92 unallocated

    Permitted Development/ Alternative use

    • The building is not within a designated Employment Area, and there are no restrictions on permitted use within the headlease.
    • Feasibility study for 67 units has been drawn up (available in the legal pack)
    • 17 x Studios
    • 43 x One Bedroom
    • 7 x Two Bedroom
    • Class MA Permitted Development Rights - Expedited route to change of use within the current building massing
    • Class AA Permitted Development Rights - Expedited route to change of use with potential to add two additional floors
    • Highly efficient floor plates
    • The offices have exceptional natural light, with windows on all aspects of the building
    • Simplistic, easily divisible floor plates providing a clear and flexible route to alternative use
    • Planning report available in the Data Room

    Additional information

    Tenure

    The property is held Long Leasehold on a 250-year lease from Railtrack PLC, dated 30th March 1999, expiring 29th March 2249 (approximately 223 years unexpired) at a peppercorn rent.

    Accommodation

    Please refer to accommodation and tenancy schedule

    Tenancy

    Please refer to accommodation and tenancy schedule

    Rent

    £576,796 p.a.

    Notes

    Method of Sale

    The property will be offered for sale on auction terms with an auction contract. Potential purchasers may be asked to submit offers prior to the auction. These offers will then be considered by the Vendor and a best and final call for offers may take place.


    Should an offer meet the Vendor’s requirements, a successful bidder will be selected and a sale will take place via an auction contract, which will be signed immediately along with receiving a 10%deposit. The property will be deemed as ‘sold prior to auction’.


    Please note that the Vendor reserves the right not to accept the highest or any offer, withdraw the property from the market or to alter the method of sale at any time. The Vendor retains the right to accept an offer outside the bidding process if they deem that the offer meets their requirements.


    When submitting your offer please provide the following information:

    • Entity purchasing the property
    • Your solicitor’s details
    • Certified ID and proof of address for the purchaser/s of the property
    • Proof of funds for a minimum of 10%of the offer put forward
    • Confirmation that you can sign an auction contract, pay a 10% deposit straight away and complete within the timeframes highlighted in the special conditions of sale


    Please send all offers via email to nicholson.boyd@savills.com and Oliver.Deme@acrellp.com


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    We understand the property has been elected for VAT and therefore anticipate the sale will be undertaken as a transfer of a going concern (TOGC).


    Joint Agent

    Oliver Deme

    ACRE Capital Real Estate

    LLP19-20 Great Pulteney Street, London, W1F 9NF

    T: 07879 771 713 

    E:Oliver.Deme@acrellp.com

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

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        PDF Brochure -

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        Accommodation / Tenancy Schedule

        Local information

        Prime location in the centre of Bracknell and adjacent to Bracknell station

        Bracknell is a strategically positioned Berkshire town, within the Thames Valley economic corridor, one of the UK’s strongest commercial and employment hubs. The town has very strong commuter links through Reading and London, as well as it being a modern employment centre in itself, benefitting from public and private investment. The town centre has undergone substantial regeneration in recent years, anchored by The Lexicon, a £240m redevelopment which sits adjacent to One Station Square. The Lexicon is a vibrant modern retail and leisure destination, opened in 2017, originally developed by Schroder’s and Legal & General, before it’s high-profile trade to Realty Income in 2025. It offers over a hundred shops and restaurants, within a very short walk of the station and One Station Square.

        Transport

        Reading 20 mins

        Clapham Junction 51 mins

        Heathrow (via Staines) 52 mins

        Paddington 55 mins

        Waterloo 1 hr 2 mins

        Gatwick Airport 1 hr 30mins

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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