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4 Cartel Business Centre, Unit 4, Basingstoke

Office space for sale in Basingstoke

£595,000 / 5,291 sq ft

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4 Cartel Business Centre, Unit 4, Stroudley Rd, Basingstoke RG24 8FW

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Asking price
£595,000
Marketing
PDF #1 Brochure

Sale details

There is 1 space available, measuring 5,291 sq ft.

Space Size Tenure Price Use Available
Sale unit Sale unit Size 5,291 sq ft Tenure Long leasehold Price £595,000 - Available

Sale unit Available

Unit
Sale unit
Size
  • 5,291 sq ft
Price
£595,000
Net initial yield
8.1%
Price per sq ft
£112.46
  • The property is let to Aquatec Group Ltd (Company no.
  • 02523284), for a term of 10 years from April 2020, subject to a Tenant’s break at the 5th year.
  • There is a £15,000 penalty if the Tenant breaks the lease.
  • The passing rent is £60,000 per annum exclusive.
  • The Tenant has a full repairing liability but there is a Schedule of Condition.
  • The Landlord is also responsible to replace any old air-conditioning units when they become beyond repair.
  • The property is held on a lease from Basingstoke & Deane Borough Council for a term of 125 years from 25th April 1985. The lease is subject to a ground rent reviewed annually to 15% of the received income.
  • The ground rent is currently £8,325 per annum, giving a current net rent of £51,675..
Sale type Investment
Tenure Long leasehold
Net operating income £48,195

Property facts for 4 Cartel Business Centre, Unit 4, Basingstoke

The property comprises a 2storey detached building and is part of a development of 5 similar style units. The premises is open plan in construction, but has been divided to provide some individual room. It is set out on ground and 1st floor and benefits from suspended ceilings, raised floors, carpets and air-conditioning. Externally, there is parking for 16 cars. Part of the ground floor is used as a lab/storage space which is accessed separately from its own loading door 2.9m (w) x 2.7 (h).

Basingstoke is a major centre for commerce and industry with a borough population of approximately 150,000. The Town is 45 miles to the south west of London adjacent to junctions 6 & 7 of the M3 motorway. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. The property is situated on the Daneshill Industrial Estate, immediately off Wade Road. It is therefore easily accessible to the Ringway and also to the Chineham Shopping Centre.

Building subtype
Office space
Number of storeys
2
Total building area
5,380 sq ft
Rentable building area
5,291 sq ft
Lot size
0.3 acres
Construction material
Steel
Year built
1986
Parking
Surface: 16

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4 Cartel Business Centre, Unit 4, Basingstoke

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BDT incorporating Woodford & Co

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to BDT incorporating Woodford & Co. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact BDT incorporating Woodford & Co for full details and further information. 8600941