For Sale
Basingstoke- High Yielding South East Office Investment Opportunity
Network House, Basingstoke, RG21 4HG
Offers in excess of £5,500,000
- Property Type:
- Commercial
- Tenure:
- Long Leasehold
- Net Initial Yield:
- 9%
- Site Area:
- 59,221 sq.ft
Income
£528,042 pa
Description
- Basingstoke is a prosperous town in the south east and the largest town in the county of Hampshire.
- Network House is well positioned in the established Basing View, the principle in-town office location in Basingstoke.
- Total net rent of £528,042 per annum.
- Total floor area of approximately 59,221 sq ft arranged over 10 floors.
- Flexible and divisible floor plates.
- 280 car parking spaces providing an excellent car parking ratio of 1:212 sq ft.
- Held on a recently regeared head lease.
- 5.67 years to expiry, 3.80 years to breaks.
- Multi let to 18 tenants.
- Asset management opportunities including letting the vacant accommodation, regearing existing leases and growing the rental tone.
Subject to contract