Virtual Freehold Office Investment for Sale

Key Points

• Fully income producing.
• Small Lot Size Investment.
• Reversionary rent.
• Passing Rent £16,875 pax
• Popular Business Park location between Basingstoke and Reading.
• 9 Car Spaces plus visitors.
• June 2024 RPI Rent Review.

Description

Campbell Court is a high quality development of office/business units set within an attractive, well managed, semi-rural Business Park environment. This popular estate consists of 29 individual units and were originally developed in the late 1980s by quality local builders and developers T A Fisher.

The unit comprises a two storey, mid terrace office building of steel frame construction, brick and glazed external elevations and a pitched steel profile clad roof. The space is arranged over ground and first floor levels, together with a loft storage area (524 sq ft (48.7 sq m)). Nine car parking spaces are designated, although there are additional unused spaces throughout this particular phase of the Campbell Court development. The estate is well managed and provides for refuse collection points managed under the estates charge provision. There is excellent broadband speed via BT Infinity. A new air conditioning system has been installed at 1st floor.

Available area

The accommodation comprises of the following

Location

Campbell Court Business Park is situated in the pleasant village of Bramley, conveniently positioned approximately 6 miles to the northeast of Basingstoke. Whilst the Business Park enjoys semi–rural surroundings, there are useful facilities within Bramley, including a railway station located on the main Basingstoke to Reading line.

The Business Park benefits from being within 1 mile of the A33 (Basingstoke to Reading road), which in turn provides fast access to Junction 6 or 7 of the M3 Motorway at Basingstoke approx. 8 miles and Junction 11 of the M4 Motorway at Reading, approx. 12 miles. Fast and frequent rail services run to the heart of London (Waterloo) 45 – 50 minutes from Basingstoke.

Lease /Tenancy

The premises are sold subject to an existing FR&I lease granted to Emerging Ltd (Company No. 06258057) at a current passing rent of £16,875 pax for a term of 5 years from 5th June, 2021 expiring on 4th June, 2026. There is a tenant only break on 6 months notice, 4th June, 2024. If the break is not exercised there is an upward only rent review linked to the annual compounded increase in RPI during the preceding 3 years. The vendors currently pay a ground rent of £100 plus VAT.

Emerging Ltd were established in 2007 and have been in occupation since June, 2015. They supply top class Pro-Audio products to leading studios, broadcasters, live events and post production.