POTENTIAL HOTEL OR RETAIL DEVELOPMENT ... - BDT - UK.COM
POTENTIAL HOTEL OR RETAIL DEVELOPMENT OPPORTUNITY ON A SITE OF APPROX. 0.5 ACRES SITE FOR SALE or DESIGN AND BUILD
THE GLASSHOUSE SITE, BASING VIEW, BASINGSTOKE, RG21 4HG
• • • •
Prominent position with three road frontages Walking distance from town centre and railway station Close proximity to the John Lewis and Waitrose superstore Suitable for hotel development or other commercial uses (including retail), subject to planning • Site For Sale (or To Let as a design and build opportunity)
THE GLASSHOUSE SITE, BASING VIEW, BASINGSTOKE, RG21 4HG
LOCATION
Basingstoke lies approximately 45 miles south west of London and is served by junctions 6 & 7 of the M3 motorway, easy access is afforded to Heathrow, Gatwick and Southampton airports. Fast and frequent rail services run to the heart of London (Waterloo is 45-50 minutes travel time). The internal road system is highly efficient and the Festival Place Shopping Centre is regarded as one of the most successful retail developments in recent years. To view the approximate location go to www.multimap.com and type in postcode RG21 4HG.
DESCRIPTION
The Glasshouse site, 0.5 acres or thereabouts, is positioned on the lower tier of Basing View, prominent and visible to Churchill Way East. It comprises what is effectively an island site, adjacent to the Sun Life HQ building, with 3 main road frontages. Festival Place shopping and restaurant facilities are within a short walk, as are the bus and railway stations. The new John Lewis and Waitrose stores are situated diagonally opposite this site, being the first phase of regeneration of Basing View by Muse Development in partnership with Basingstoke & Deane Borough Council. The site has previously secured planning consent (No. BDB70249) for redevelopment to provide a 9 storey budget hotel of 137 rooms and 45 car parking spaces (some of these car spaces would need to be provided at basement level).
LEASE
The site is offered (a) For Sale by way of a long leasehold interest, or (b) as a design and build opportunity for a hotel or other commercial use, subject to planning. Provisional terms have previously been agreed with the Borough Council to provide for a new lease period of 150 years subject to a ground rent of 5% of rents received for the first 25 years of the lease term, increasing to 7.5% thereafter.
RENT/PRICE
Rental terms will be dependent upon design and build requirements. Alternatively, the long leasehold interest could be purchased for the sum of £1.25 million.
ENERGY RATING
Not applicable at present.
RATES
A rateable value will be assessed upon completion of a construction project.
VIEWING
The site can be inspected from the roadside. Thereafter, interested parties are asked to make contact with the joint agents in order to progress discussions. Additional background information in connection with the Basing View regeneration scheme can be viewed on www.basingview.co.uk.
01202 550000 goadsby.com
e-mail: [email protected]
e-mail: [email protected] Ref:RT/ss/ The Glasshouse(26.08.2015)
Sales & Lettings • Acquisitions • Rent Reviews • Lease Renewals • Rating • Valuations • Development • Investment • Management 7 Faraday Office Park, Faraday Road, Basingstoke, Hampshire RG24 8QQ Misrepresentation Act 1967: The particulars contained in these details are believed to be correct, but they cannot be guaranteed and they are expressly excluded from any contract. Finance Act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchaser or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.
THE GLASSHOUSE SITE, BASING VIEW, BASINGSTOKE, RG21 4HG
• • • •
Prominent position with three road frontages Walking distance from town centre and railway station Close proximity to the John Lewis and Waitrose superstore Suitable for hotel development or other commercial uses (including retail), subject to planning • Site For Sale (or To Let as a design and build opportunity)
THE GLASSHOUSE SITE, BASING VIEW, BASINGSTOKE, RG21 4HG
LOCATION
Basingstoke lies approximately 45 miles south west of London and is served by junctions 6 & 7 of the M3 motorway, easy access is afforded to Heathrow, Gatwick and Southampton airports. Fast and frequent rail services run to the heart of London (Waterloo is 45-50 minutes travel time). The internal road system is highly efficient and the Festival Place Shopping Centre is regarded as one of the most successful retail developments in recent years. To view the approximate location go to www.multimap.com and type in postcode RG21 4HG.
DESCRIPTION
The Glasshouse site, 0.5 acres or thereabouts, is positioned on the lower tier of Basing View, prominent and visible to Churchill Way East. It comprises what is effectively an island site, adjacent to the Sun Life HQ building, with 3 main road frontages. Festival Place shopping and restaurant facilities are within a short walk, as are the bus and railway stations. The new John Lewis and Waitrose stores are situated diagonally opposite this site, being the first phase of regeneration of Basing View by Muse Development in partnership with Basingstoke & Deane Borough Council. The site has previously secured planning consent (No. BDB70249) for redevelopment to provide a 9 storey budget hotel of 137 rooms and 45 car parking spaces (some of these car spaces would need to be provided at basement level).
LEASE
The site is offered (a) For Sale by way of a long leasehold interest, or (b) as a design and build opportunity for a hotel or other commercial use, subject to planning. Provisional terms have previously been agreed with the Borough Council to provide for a new lease period of 150 years subject to a ground rent of 5% of rents received for the first 25 years of the lease term, increasing to 7.5% thereafter.
RENT/PRICE
Rental terms will be dependent upon design and build requirements. Alternatively, the long leasehold interest could be purchased for the sum of £1.25 million.
ENERGY RATING
Not applicable at present.
RATES
A rateable value will be assessed upon completion of a construction project.
VIEWING
The site can be inspected from the roadside. Thereafter, interested parties are asked to make contact with the joint agents in order to progress discussions. Additional background information in connection with the Basing View regeneration scheme can be viewed on www.basingview.co.uk.
01202 550000 goadsby.com
e-mail: [email protected]
e-mail: [email protected] Ref:RT/ss/ The Glasshouse(26.08.2015)
Sales & Lettings • Acquisitions • Rent Reviews • Lease Renewals • Rating • Valuations • Development • Investment • Management 7 Faraday Office Park, Faraday Road, Basingstoke, Hampshire RG24 8QQ Misrepresentation Act 1967: The particulars contained in these details are believed to be correct, but they cannot be guaranteed and they are expressly excluded from any contract. Finance Act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchaser or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.
