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 34
Auction 12th December 2024
Vacant Possession
Status Available
Guide* £100,000
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
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.
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.
