RG24 Dame Mary Fagan House, Lutyens Close, Basingstoke

Rare Freehold/Leasehold Opportunity for Modern Headquarter Style Office Building

Dame Mary Fagan House is located on an approximate 3.26 acre site and comprises of a Modern Office Building with 209 car parking spaces (approximately 1:209 sq ft net ratio). The property is located from level 0 to level 3, with the breakdown of the sizes of each level stated in the accommodation section.

The Freehold of Dame Mary Fagan House is available for sale, or alternatively, the remaining vacant office suites are available to let.

Tenancy Information

The current tenancies at the subject property are as set out below:

CDW Limited currently occupy part of Level 3 Dame Mary Fagan House (with an approximate area of 5,328 sq ft) on a 10-year lease from 1st February 2019 at an annual rent of £102,953 + VAT. There is an upwards only rent review at expiry of the 5th Year of the Term, the Tenant may determine this Lease on the date of expiry of the 3rd and 6th years of the Term subject to complying with specific conditions. It is understood that the lease is inside the security of tenure provisions within the Landlord and Tenant Act 1954.

Hampshire and Kent Commercial Services LLP (Trading as Connect2Hampshire) currently occupy the South Wing Level 3 Dame Mary Fagan House (within an approximate area of 2,664 sq ft) on a 10-year lease from 1st April 2019 and pay an inclusive rent of £62,500 per annum + VAT which is reviewed annually in line with CPI. There is a break clause which either party may determine on the 6th anniversary of the lease subject to meeting the required break option conditions.

The NHS occupy part of the subject property on a licence basis. Further information on this is to be confirmed.

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).

The subject property is located two miles north-east of Basingstoke town centre, which benefits from excellent amenities including the well established Festival Place Shopping Centre.