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Faraday Rd 8,758 sq ft Office Property Basingstoke RG24 8QQ £1,550,000 (£176.98/sq ft)
INVESTMENT HIGHLIGHTS
- Prominently located on Faraday Office Park
- 39 car spaces
- 6 EV charging stations
EXECUTIVE SUMMARY
Unit 1 Faraday Office Park is one of seven individual self-contained buildings which form Faraday Office Park. The fully landscaped courtyard environment offers a degree of visual prominence to 3 road frontages with Unit 1 benefitting from a higher degree of profile being closest to the main Reading Road roundabout. The estate lies almost equidistant (approximately 1.5 miles) from the town centre and the Chineham shopping centre.
The premises are on a long leasehold basis of a lease granted for a term of 99 years from 27th September 2002. The lease also provides for a 51 year extension expiring September 2152 [127 years unexpired]. A ground rent of 10% is payable to the landlord currently £13,600 pa, which is reviewed 5 yearly [next review September 2027].
The premises are on a long leasehold basis of a lease granted for a term of 99 years from 27th September 2002. The lease also provides for a 51 year extension expiring September 2152 [127 years unexpired]. A ground rent of 10% is payable to the landlord currently £13,600 pa, which is reviewed 5 yearly [next review September 2027].
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Office
Tenure
Long Leasehold
Property Size
8,758 sq ft
Costar Property Class
B
Year Built
2002
Price
£1,550,000
Price per sq ft
£176.98
Tenancy
Single
Number of Floors
3
Typical Floor Size
2,919 sq ft
Plot ratio
0.58
Total Plot Size
0.34 ac
AMENITIES
- 24 Hour Access
- Bus Route
- Commuter Rail
- Courtyard
- Fenced Lot
- Security System
- Wheelchair Accessible
- Yard
- Air Conditioning
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Faraday Rd
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