Skimped Hill Hl
Bracknell RG12 1JX

We are instructed to seek offers in excess of £4,000,000 (Four Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive and a low capital value of £103 psf.
Fitzwilliam House was built in the early 1970’s and comprises an L-Shaped, steel framed office building extending to 38,906 sq. ft. The main office entrance features glazed doors accessible via both steps and ramp. The main core links the two wings which span north-south (Fitzwilliam House) and east-west (Edward Elgar House). These wings range in height from 4 to 6 storeys. The WCs are located on the central stair core to each floor with one 2-passenger lift per block.
Our client also has a lease on an additional 165 spaces in the neighbouring car park until 2079. These may be available by separate negotiation
The property is held Freehold and registered under Title Numbers: BK217999 and BK344615.
Fitzwilliam House is suitable for conversion to residential via Permitted Development (subject to necessary consents). The property is located adjacent to Royal Winchester House, where planning was achieved for a 20-storey scheme vs 4-6 storeys at Fitzwilliam House. In recent years Bracknell has become increasingly popular amongst buyers looking to purchase reasonably priced homes in a well-connected location in the heart of Berkshire. Bracknell, which borders Ascot to the east and Windsor to the northeast, offers good transport connections to the southeast, high-quality schools, wide range of amenities and services, with attractive countryside in close proximity. Demand for new homes in Bracknell has outstripped supply in the town centre. Bracknell has enjoyed sustained house price growth of 14% in the past 3 years to June 2023, whilst the volume of transactions have also remained consistent in the same period. The extensive redevelopment of the town centre and opening of the Lexicon is likely to be an influential factor on property prices and we would expect the local improvements to further increase the attractiveness of Bracknell and exponentially drive demand.