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