SOLD

TypeOffice Investments · Development - Residential

RG21 Access House, 25-29 Church Street, Basingstoke

TenureFor sale

Access House, 25-29 Church Street, Basingstoke, RG211/5

Specification

Building size
Building size4,683sqft
Property type
Property typeOffice Investments · Development - Residential
Tenure
TenureFor sale

Description

Prominent multi let investment with development potential for conversion & extension to residential

Access House is a mixed retail and office building, over 4 storeys. The ground floor retail unit is fully self-contained from the upper floor offices (over 1st, 2nd & 3rd floors). The offices are accessible via glazed double entrance doors.

There is a passenger lift servicing all floors, together with shared WCs. The current configuration is one office suite on the 1st Floor, two suites and a shared kitchen on the 2nd floor, and one suite of offices on the 3rd floor with a unique balcony / roof terrace.

There are 3 car parking spaces to the rear of the property. The property is prominent, and constructed using modern brick elevations under a pitched artificial slate covered roof. The upper floors benefit from exceptional natural light with double glazed windows across the front and rear of the property facing Joices Yard "pay and display" / permit car park.

Location

Basingstoke is North Hampshire's principle commercial centre, supporting a borough population of 180,000 people. Communications are vital to the continuing growth of the town, with excellent links to the national rail network via a highly efficient internal ring road system and with fast direct rail services to London Waterloo (45 minutes).

Access House occupies a commanding position towards the 'lower end' of Church Street, within Basingstoke's 'upper town area', adjacent to the Festival Place Shopping Centre (Ranked within the top 2% of UK Shopping Destinations).

Joices Yard public car park is situated behind the property, providing easy access onto the town centre's one-way system.

Amenities

Ground Floor: Terms for a new 5-year lease have been agreed at a rent of £26,500 p.a.

Gross income reflecting £46,325 pax. Potential to increase to circa £84,750 pax.

Potential Redevelopment of 1st, 2nd & 3rd Floors - Subject to Planning & Vacant Possession

3 Parking spaces & bin store to the rear

Map