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Berrington Way 2,129 sq ft Office Unit Offered at £325,000 in Basingstoke RG24 8GT
Investment Highlights
- Prominent Location
- Parking Options Available
- Great Transport Links
Executive Summary
Prisma Park, Berrington Way is situated just off Wade Road and has easy access to Junction 6 of the M3 motorway via the eastern Ring Road. There is therefore also good access via the A33 to the M4 and Reading. The premises is well placed to benefit from the local shopping facilities at Chineham Shopping Centre and also back into the town centre and therefore to the Railway Station.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.70% |
| Sale Type | Investment |
| Net Initial Yield | 8.70% |
| Tenure | Freehold |
Description
Unit 7 provides a modern, self contained, 2 storey office building set within a
courtyard office development comprising 2 terraces totalling 12 individual office
buildings.
courtyard office development comprising 2 terraces totalling 12 individual office
buildings.
Sale Notes
The freehold interest, subject to the tenancy agreements highlighted above, is for sale at a price of £325,000 plus VAT, which reflects a NIY of 8.7% assuming purchaser's costs of 4.5% and reflecting a low capital value of £153 per sq ft
Ground Floor is let to Casala International B.V at a current passing rent of £14,644 pax for a term of 5 years from 21st March 2023, expiring on 20th March 2028 on effective FRI terms.
First Floor is let to Apex Primecare Ltd at a current passing rent of £14,900 pax for a term of 5 years running from 21st April 2023, expiring on 20th April 2028 on effective FRI terms.
Both leases have been contracted outside of the Security of Tenure Compensation Provisions of the Landlord & Tenant Act Part II as amended.
Ground Floor is let to Casala International B.V at a current passing rent of £14,644 pax for a term of 5 years from 21st March 2023, expiring on 20th March 2028 on effective FRI terms.
First Floor is let to Apex Primecare Ltd at a current passing rent of £14,900 pax for a term of 5 years running from 21st April 2023, expiring on 20th April 2028 on effective FRI terms.
Both leases have been contracted outside of the Security of Tenure Compensation Provisions of the Landlord & Tenant Act Part II as amended.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 7 | 2,129 sq ft | Office | £325,000 (£152.65/sq ft) | £28,275 |
Unit 7
| Unit Size |
| 2,129 sq ft |
| Unit Use |
| Office |
| Price |
| £325,000 (£152.65/sq ft) |
| NOI |
| £28,275 |
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Unit 7
| Unit Size | 2,129 sq ft |
| Unit Use | Office |
| Price | £325,000 (£152.65/sq ft) |
| NOI | £28,275 |
| Sale Type | Investment |
| Net Initial Yield | 8.70% |
| Tenure | Freehold |
| Description | |
| Unit 7 provides a modern, self contained, 2 storey office building set within a<br> courtyard office development comprising 2 terraces totalling 12 individual office<br> buildings.</li></ul> | |
| Sale Notes | |
| The freehold interest, subject to the tenancy agreements highlighted above, is for sale at a price of £325,000 plus VAT, which reflects a NIY of 8.7% assuming purchaser's costs of 4.5% and reflecting a low capital value of £153 per sq ft<br> <br> <br> Ground Floor is let to Casala International B.V at a current passing rent of £14,644 pax for a term of 5 years from 21st March 2023, expiring on 20th March 2028 on effective FRI terms.<br> <br> First Floor is let to Apex Primecare Ltd at a current passing rent of £14,900 pax for a term of 5 years running from 21st April 2023, expiring on 20th April 2028 on effective FRI terms.<br> <br> Both leases have been contracted outside of the Security of Tenure Compensation Provisions of the Landlord & Tenant Act Part II as amended.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 18,086 sq ft | Typical Floor Size | 8,294 sq ft |
| Property Type | Office (Unit) | Year Built | 2006 |
| Costar Property Class | B | Total Plot Size | 1.80 ac |
| Floors | 2 | Parking Allocation | 2.27/1,000 sq ft |
| Total Property Size | 18,086 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 8,294 sq ft |
| Year Built | 2006 |
| Total Plot Size | 1.80 ac |
| Parking Allocation | 2.27/1,000 sq ft |
Amenities
- Courtyard
- Signage
- Storage Space
- Air Conditioning
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Berrington Way
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