Northern Cross Basing View Basingstoke Hampshire RG21 4HL

Northern Cross
Basing View
Basingstoke
Hampshire
RG21 4HL

Central Basingstoke Office Opportunity

Substantial 5 storey office building
Approx. floor area of 4,177.30 sq. m. (44,964 sq. ft.)
Site area of 0.50 Ha (1.23 Acres)
Future change of use potential (subject to consents)
Extensive undercroft car park accommodating over 230 cars
Low capital value per sq. ft. on guide price
Immediate Asset management opportunities
Within 0.5 mile of Basingstoke Railway Station

Lot
43
Auction
7th November 2024
Vacant Possession
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Central Basingstoke Office Opportunity

Substantial 5 storey office building
Approx. floor area of 4,177.30 sq. m. (44,964 sq. ft.)
Site area of 0.50 Ha (1.23 Acres)
Future change of use potential (subject to consents)
Extensive undercroft car park accommodating over 230 cars
Low capital value per sq. ft. on guide price
Immediate Asset management opportunities
Within 0.5 mile of Basingstoke Railway Station

Lot 43
Auction 7th November 2024
Vacant Possession
Status Withdrawn Prior
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 40 miles south west of London, 16 miles south of Reading
Roads: A33, M3
Rail: Basingstoke Railway Station
Air: London Heathrow Airport

Situation

The property is located in Basingstoke town centre, an affluent Hampshire town and desirable regional shopping location. The property is situated on Basing View, a popular office area within walking distance of Basingstoke Railway Station which provides direct services to London Waterloo in 45 minutes.

Tenure

Long Leasehold. Held from the Borough Council of Basingstoke and Deane for a term of 125 years from 1st May 1984 until 2109 at a current rent of £118,260 p.a. Rent reviews are every 5 years, upwards only to 18% of rack rental value of the whole of the Demised Premises.

Location

Miles: 40 miles south west of London, 16 miles south of Reading
Roads: A33, M3
Rail: Basingstoke Railway Station
Air: London Heathrow Airport

Situation

Tenure

Description

The property comprises a substantial five storey headquarter office building benefitting from approximately 230 undercroft car parking spaces over ground and lower ground floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial five storey headquarter office building benefitting from approximately 230 undercroft car parking spaces over ground and lower ground floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx (sq. ft.)	Possession
Ground Lower Ground	Car Park	230 Spaces		VACANT POSSESSION
1st Floor	Office	1,035.40	(11,145)	VACANT POSSESSION
2nd Floor	Office	1,047.30	(11,273)	VACANT POSSESSION
3rd Floor	Office	1,047.30	(11,273)	VACANT POSSESSION
4th Floor	Office	1,047.30	(11,273)	VACANT POSSESSION
Total Approximate Floor Area		4,177.30	(44,964)

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.