FLEXIBLE BUSINESS SPACE WITH FULL HEIGHT ... - BDT - UK.COM

FLEXIBLE BUSINESS SPACE WITH FULL HEIGHT STORAGE OPTION TO REAR 14,085 sq ft (1,309 sq m) TO LET or FOR SALE

NORTHGATE, HAMPSHIRE INTERNATIONAL BUSINESS PARK, CROCKFORD LANE, BASINGSTOKE, RG24 8WH • • • • • • • • •

Business park location Well maintained, landscaped plot Roadside visibility with branding potential At least 56 car parking spaces Majority being two-storey construction Uses could encompass offices, R & D, lab space and full height storage to the rear Existing rear loading access Feature reception area To Let or For Sale, either with vacant possession or with income from an adjoining warehouse unit

Northgate, Hampshire International Business Park, Crockford Lane, Basingstoke, RG24 8WH

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 RG24 8WH.

DESCRIPTION

In its entirety, Northgate provides a pair of semi-detached buildings, constructed with brick and blockwork beneath a pitched and tiled roof line, and with elevations incorporating tinted double glazed windows. Unit 2, the warehouse section to the rear of the site, has been let and affords independent access and loading arrangements for the tenant. Our client is now seeking to let or sell Unit 1, comprising the front section of the property. Previous uses have combined first floor offices, with ground floor conference/meeting rooms, plus laboratory/test areas, R & D space, and some storage. The building was originally configured with a full height storage area of circa 2,500 sq ft, and this can be reinstated by removing part of the 1st floor offices, as depicted in the floor plans on the rear of these marketing particulars. The unit will require refurbishment to meet the incoming occupiers requirements - work which can either be undertaken by the owner or any new tenant/owner occupier. The use of the various sections in the building could be modified. For example, both floors could provide a full office specification if required, with a full height storage section behind. A total of 56 marked car spaces are allocated with Unit 1, the majority of which are provided in the front car park with the balance to the rear gated yard. In practice, the generous site also offers scope for parking beyond the marked bays.

ACCOMMODATION

Gross internal floor areas have been measured by the architect as follows: Property Description Sq m Ground floor offices, reception and toilets 236.9 Ground floor lab/R & D areas 383.6 First floor offices and toilets 455.0 Full height rear storage area 233.0 Total gross internal area, approx: 1,308.5

Sq ft 2,550 4,129 4,898 2,508 14,085

LEASE

To let on new terms to be agreed directly from the landlord.

RENT

Upon application, and to a large degree the rent will be dictated by the length of lease term agreed, covenant status and refurbishment requirements.

PRICE

The freehold with vacant possession could be purchased for £1,408,500 (£100 per sq ft), with the full height storage section having been created by our client. Alternatively, the property could be purchased as a part investment with income from the adjoining Unit 2 – further guidance upon application.

ENERGY RATING

The property has an energy rating of C (73).

RATES

The rateable value for Unit 1 will alter once part of the first floor area is removed and the proposed full height storage created. At present the rates for the existing building reflect £3.92 per sq ft payable per annum. Interested parties are advised to make their own enquiries of the Council’s Rating department on 01256 844844.

VIEWING

Strictly by appointment via the sole agents. Ref:RT/ss/ Northgate Unit 1 – Storage (25.08.2015)

Northgate, Hampshire International Business Park, Crockford Lane, Basingstoke, RG24 8WH

e-mail: [email protected]

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.

RECEPTION

OFFICES

OFFICES

GROUND FLOOR PLAN

DIS

EPC Rating

STAIRS

OFFICES R&D or LAB

MALE

STAIRS

FULL HEIGHT STORAGE AREA

MEZZANINE ABOVE

DELIVERIES

VOID

STAIRS VOID

FEMALE

PLANT ROOM

FIRST FLOOR PLAN

MALE

OFFICE AREA

EXISTING CROSS BRACING

STAIRS

FULL HEIGHT STORAGE AREA

Indicative layout consisting a two storey section with full height storage

FEMALE

o.

MEZZANINE