Office investment for sale in Basingstoke

This property is marketed by:
Baker Davidson Thomas

Key features:

• Both leases granted for a term of 10 years (Expiring 2032)
• Spread of risk from two 'well established' tenants
• Gross income represents £42,000 pax
• Attractive gross yield c. 8%
• Modern courtyard style office development built in 2002/2003
• Well fitted, superb specification throughout
• Traditional construction materials

Description

The estate comprises 7 individual self-contained buildings which form the Faraday Office Park development. The fully landscaped environment offers prominence onto 3 road frontages. The estate lies almost equidistant (approx. 1 mile) from the Town Centre and the Chineham Shopping Centre amenities. The building was constructed in around 2002/2003 with the use of traditional building materials. Externally, the scheme is well landscaped and managed.

Unit 7 is arranged over ground and first floors with a feature reception/entrance lobby. The specification includes excellent natural light via aluminium casement and double-glazed windows (including a feature first floor bay window), gas fired central heating, raised floors throughout the offices, kitchenettes and 2 WCs on each floor. Parking for 13 cars is immediately adjacent, together with a bin store and cycle parking.

Location

The town lies approximately 45 miles south west of London and is served by Junctions 6 and 7 of the M3 motorway. Easy access is afforded to London, the south coast, the Midlands and various airports. Fast and frequent rail services run to the heart of London (Waterloo is a 45 minute journey). Basingstoke’s internal road system is highly efficient and copes very well with the rising population and ever-increasing business expansion. Excellent shopping and recreational facilities support the community.