Freemantle House

26-29 Freemantle House, Kingsclere Park, Kingsclere, Hampshire, RG20 4SW

4,744 to 9,528 sq ft Warehouse & Industrial, Investments, Offices, For Sale

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A 50:50 office unit with storage available for sale or investment in Kingsclere nr Newbury

Property Type Warehouse & Industrial, Investments, Offices
Tenure For Sale
Size 4,744 to 9,528 sq ft

Key Points

  • Part let investment or owner occupation
  • Business park location
  • Close to local amenities
  • No VAT chargeable on sale price

Location

Kingsclere Park is situated on the A339 and is about a 10 minute walk from Kingsclere village and local amenities. It benefits from being in close proximity to Newbury and the M4 as well as Basingstoke, giving easy access to the M3. Newbury provides a rail service to London Paddington and Basingstoke to London Waterloo, both approximately in an hour. Leisure activities are well catered for in the area, with nearby golf courses and an abundance of indoor sports and fitness facilities.

Description

The property is arranged as production/storage space on the ground floor with the first floors as offices.  Parking is arranged on three sides of the building and both units have loading doors.

We understand that Units 26-27 and Units 28-29 are owned under separate entities however they could be sold together.

Accommodation & Tenancies

We understand the Gross Internal Areas (GIA) are as follows:

Unit No. / Floor Accommodation sq ft sq m Tenant Annual Rent Lease Expiry
26 Ground Floor Production 1,159 108 Vision RT £5,000 May 2020
26 1st Floor Office 1,233 115 Vacant - -
Total   2,392 222      
27 Ground Floor Production 1,159 108 Vision RT £5,000 May 2020
27 1st Floor Office 1,233 115 Vision RT £5,000 May 2020
Total   2,392 222      
28 Part Ground Floor Production 1,545 144 Phoenix £10,200 May 2018
29 Ground Floor Storage 733 72 Vacant - -
28 1st Office Office 1,233 114.55 Vacant - -
29 1st Floor Office 1,233 114.55 Vacant - -
Total   4,744 445      

NB. Vision RT occupy the space under one lease. The tenant has a break clause in May 2018 which they have excercised.

Terms

Units 26-27 and 28-29 are available as separate lots at a guide price of £250,000 per lot or as whole £500,000.  Tenure: Long Leasehold.

Business Rates

Rateable Values as follows:

1st Flr 26: £9,900
26-27 & 1st Flr 27: £27,000
28: £16,250
Grd Flr 29: £14,500  
1st Flr 29: £10,000

Energy Performance Asset Ratings

26-27 F:135
28 C:74
1st Floor 29 D:85
Ground Floor 29 F:126

Legal Costs / VAT

Each party to bear their own legal costs. VAT not chargeable on sale price but is on service charge.

Viewing & Further Information

Please contact the joint sole agents for further information or an appointment to view.