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Berrington Way
2,316 SF Industrial Unit Offered at £475,000 in Basingstoke RG24 8PL
Investment Highlights
- A modern well specified mid terrace industrial/warehouse unit.
- Close proximity to Junction 6 of the M3 motorway.
- The property is situated on the well established Wade Road industrial area, on the eastern side of Basingstoke.
Executive Summary
The property is located on Berrington Way, which forms part of the Wade Road industrial area of Basingstoke. Neighbouring occupiers include Exertis Hammer, Euro Accessories Limited, Thermo-Fisher Scientific and GTK UK Limited. Access to Basingstoke’s ring road system is about half a mile to the west and in turn provides direct links to Junction 6 of the M3 motorway about 1 mile to the south and the A33 trunk road leading to Junction 11 of the M4 motorway at Reading. Rail connections are also good with a mainline 45-minute rail link to London, Waterloo from the town’s railway station, approximately 1 mile to the southwest.
Property Facts
| Price | £475,000 | Sale Type | Investment |
| Unit Size | 2,316 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 2 |
| Total Building Size | 10,984 SF | Typical Floor Size | 9,707 SF |
| Property Type | Industrial (Unit) | Year Built | 2006 |
| Property Subtype | Service |
| Price | £475,000 |
| Unit Size | 2,316 SF |
| No. Units | 1 |
| Total Building Size | 10,984 SF |
| Property Type | Industrial (Unit) |
| Property Subtype | Service |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 9,707 SF |
| Year Built | 2006 |
1 Unit Available
Unit C
| Unit Size | 2,316 SF | Unit Use | Industrial |
| Price | £475,000 | Sale Type | Investment |
| Price Per SF | £205.09 | Tenure | Freehold |
| Unit Size | 2,316 SF |
| Price | £475,000 |
| Price Per SF | £205.09 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The property comprises a modern, mid-terrace industrial / warehouse unit of steel portal frame construction, with profile metal clad elevations under a pitched, double skin metal clad roof. Unit C is specified with 6.92m eaves height, three phase power supply, electrically operated up and over loading door, disabled access WC and LED lighting. To the front of the building there are 4 allocated parking spaces, and a block paved, shared loading yard.
Sale Notes
Investment property for sale. Unit C is let for a term of 15-years from 19th May 2016, expiring on the 18th May 2031 and the rent was recently reviewed to £33,600 per annum. There are tenant only break clauses on the 3rd, 5th, 8th 10th and 13th years of the lease and upward only rent reviews every 2-years, with the next review due on the 19th May 2026. The lease is drawn on IRI terms and the tenant does not have security of tenure. A service charge is payable for the property and more information available upon request from the agent. TISICS Limited were established in 2005 and develop high-strength metal composite and innovative net-shape technology to deliver lighter components and greener and cheaper planes, spacecraft and industrial equipment.
Amenities
- Security System
- Yard
- Roller Shutters
- Demised WC facilities
Utilities
- Lighting
- Water
- Sewer
-
Keith Enters -
Curchod & Co
Presented by
Berrington Way
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