£325,000
(£305.45/sq. ft)
Office for saleUnit 7 Prisma Park, Berrington Way, Wade Road, Basingstoke RG24
From 1,064 - 2,129 sq. ft
EPC Rating: E
Freehold
About this property
Popular Business Park
Situated near the Kingsland Business Park
Spread of Risk (2 tenants)
Good Specification
Long Standing Tenants
Generating £29,544 pax
Purchase reflecting a niy of 8.7%
Description
Unit 7 provides a modern, self contained, 2 storey office building set within a courtyard office development comprising 2 terraces totalling 12 individual office buildings. Unit 7 is located within a well managed business environment. The property comprises 2 self contained office suites which are arranged at ground and first floor with a communal entrance lobby. The ground floor is predominantly open plan, which has been partitioned to form 2 well apportioned office areas. There is a modern kitchen, together with a single wc. Other amenities include suspended ceilings, as well as Cat 2 lighting, and modern carpets. The first floor is fitted to a similar specification which includes an open plan area, together with a separate boardroom formed of glazed partitioning and a comms room. There is air conditioning within the first floor (not tested). Essential heating is provided on both floors.
Location
Prisma Park, Berrington Way is situated just off Wade Road and has easy access to Junction 6 of the M3 motorway via the eastern Ring Road. There is therefore also good access via the A33 to the M4 and Reading. The premises is well placed to benefit from the local shopping facilities at Chineham Shopping Centre and also back into the town centre and therefore to the Railway Station.
Viewings
Strictly by appointment through the sole agents.
Terms
The freehold interest, subject to the tenancy agreements highlighted above, is for sale at a price of £325,000 plus VAT, which reflects a niy of 8.7% assuming purchaser's costs of 4.5% and reflecting a low capital value of £153 per sq ft
Tenancies
Ground Floor is let to Casala International B.V at a current passing rent of £14,644 pax for a term of 5 years from 21st March 2023, expiring on 20th March 2028 on effective Fri terms.
First Floor is let to Apex Primecare Ltd at a current passing rent of £14,900 pax for a term of 5 years running from 21st April 2023, expiring on 20th April 2028 on effective Fri terms.
Both leases have been contracted outside of the Security of Tenure Compensation Provisions of the Landlord & Tenant Act Part II as amended.
Unit 7 provides a modern, self contained, 2 storey office building set within a courtyard office development comprising 2 terraces totalling 12 individual office buildings. Unit 7 is located within a well managed business environment. The property comprises 2 self contained office suites which are arranged at ground and first floor with a communal entrance lobby. The ground floor is predominantly open plan, which has been partitioned to form 2 well apportioned office areas. There is a modern kitchen, together with a single wc. Other amenities include suspended ceilings, as well as Cat 2 lighting, and modern carpets. The first floor is fitted to a similar specification which includes an open plan area, together with a separate boardroom formed of glazed partitioning and a comms room. There is air conditioning within the first floor (not tested). Essential heating is provided on both floors.
Location
Prisma Park, Berrington Way is situated just off Wade Road and has easy access to Junction 6 of the M3 motorway via the eastern Ring Road. There is therefore also good access via the A33 to the M4 and Reading. The premises is well placed to benefit from the local shopping facilities at Chineham Shopping Centre and also back into the town centre and therefore to the Railway Station.
Viewings
Strictly by appointment through the sole agents.
Terms
The freehold interest, subject to the tenancy agreements highlighted above, is for sale at a price of £325,000 plus VAT, which reflects a niy of 8.7% assuming purchaser's costs of 4.5% and reflecting a low capital value of £153 per sq ft
Tenancies
Ground Floor is let to Casala International B.V at a current passing rent of £14,644 pax for a term of 5 years from 21st March 2023, expiring on 20th March 2028 on effective Fri terms.
First Floor is let to Apex Primecare Ltd at a current passing rent of £14,900 pax for a term of 5 years running from 21st April 2023, expiring on 20th April 2028 on effective Fri terms.
Both leases have been contracted outside of the Security of Tenure Compensation Provisions of the Landlord & Tenant Act Part II as amended.
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Monthly repayment
£1,625 per month
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