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Renaissance Basing View 3 Office Properties Offered at £10,285,000 in Basingstoke
Investment Highlights
- Renaissance is a three office campus constructed in 2001 totalling 74,346 sq ft on a large site, providing some of the best space in Basingstoke
- Landlord expenditure of £2.8m in last 5 years.
- Excellent town centre parking ratio of 1:242 sq ft (291 spaces in total)
- Well located on Basing View, the prime office location in Basingstoke.
- 53% of the receivable net income is from Unum (D&B 5A1 / Standard & Poors A-) for a further 4.8 years
- Low office vacancy rate of 9% by floor area
Executive Summary
Renaissance was constructed in 2001 and comprises three office buildings of similar architectural styles, however with different sizes totalling 74,346 sq ft. The three storey buildings are of steel frame construction with a combination of metal framed glazed curtain walling and brick clad elevations below a curved composite gull-wing roof structure. The individual properties cant be bought separately, has to be bought together.
Property Facts
| Price | £10,285,000 | Status | In Exchange |
| Price psf | £138.53 / sq ft | Number of Properties | 3 |
| Sale Condition | Portfolio Sale | Individually For Sale | 0 |
| Yield | 11.50% | Total Property Size | 74,246 sq ft |
| Sale Type | Investment | Total Land Area | 2.09 ac |
| Price | £10,285,000 |
| Price psf | £138.53 / sq ft |
| Sale Condition | Portfolio Sale |
| Yield | 11.50% |
| Sale Type | Investment |
| Status | In Exchange |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 74,246 sq ft |
| Total Land Area | 2.09 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Renaissance - Unum House
Basing View, Basingstoke RG21 4EQ |
Office | 38,904 sq ft | 2001 | - |
|
Renaissance, Building 2200
Basing Vw, Basingstoke RG21 4EQ |
Office | 23,017 sq ft | 2001 | - |
|
Renaissance - Building 1100
Basing Vw, Basingstoke RG21 4EQ |
Office | 12,325 sq ft | 2001 | - |
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Renaissance Basing View
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