Industrial for sale in Winchester Street, Basingstoke RG21

From £525,000 (£145.51/sq. ft)
Industrial for sale 3,608 sq. ft*
Interested in this property? Call +44 1252 926842 * or Request Details

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Property description

Key Points

  • Offices let to Adecco UK Limited (expiry July 2024)
  • Residential development potential (subject to planning and vacant possession)
  • The property is not elected for VAT
  • Description

    The property comprises a substantial three-storey premises, with rights of access for loading behind in Castons Yard.

    The ground floor retail unit benefits from a large frontage and a clear retail area with ancillary storage and staff welfare to the rear.

    The first floor offices have independent access fronting onto Winchester Street with a useful window display frontage.

    11 Winchester Street (Retail)

    Frontage - 17' (5.2m)
    Shop Depth - 40'4" (12.3m)
    Build Depth - 53'4" (16.28m)
    Total Area - 2,165 sq.ft. (201 sq.m.)

    13 Winchester Street (Offices)

    Total Area - 1,443 sq.ft. (134 sq.m.)

    Location

    The premises are situated in a prominent location in the pedestrianised London Street “upper old town” area of Basingstoke. Nearby occupiers include Zizzi Italian Restaurant, McDonalds, Gascoigne Pees, Up & Running, Bet Fred and Natwest to name but a few. The Festival Place shopping centre is within a few minutes walk, as are the Local Authority car parks.

    Basingstoke is a major centre for commerce and industry in North Hampshire with a borough population of approximately 180,000. The mainline Basingstoke railway station is within a 10 minute walk which provides a fast and frequent direct service to London Waterloo (timetabled at approximately 45 minutes), Junction 6 of the M3 motorway is approximately 11/2 miles distant.

    Terms

    Guide Price of £525,000, subject to contract, for the freehold interest and with the benefit of the subject lease of the first floor expiring 16th July 2024.

    Occupational Lease

    The first floor offices are subject to a lease renewal granted from 17th July 2019 for a term of 5 years expiring 16th July 2024 to Adecco UK Limited (Company Reg No. 00593232) at a rent of £14,000 per annum exclusive. The tenant is to pay the landlord a fair proportion towards the cost of repairs and external common parts and management.

    There is an upwards only rent review and tenant’s option to determine at the 3rd anniversary of the term (16th July 2022) on giving not less than 6 months notice.

    Adecco are based in Zurich, Switzerland and are one of the world’s largest human resources provider and with a substantial network of UK offices with representation in most major towns and cities.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Curchod & Co, GU9 on +44 1252 926842 * (local rate)

    Contact Curchod & Co about this property

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Curchod & Co, and do not constitute property particulars. Please contact Curchod & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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