Grosevnor House is located within the Basing View area of Basingstoke. The property offers 10 storeys of office accommodation.
Grosevnor House is located in Basing View 0.6 miles to the east of central Basingstoke. The property is located within the Basing View Enterprise Zone.
The property which is in need of comprehensive refurbishment comprises the following specification:Mostly suspended ceilings Perimeter wall heating Three 13 person lifts Reception Males and female WC's per floor Kitchens
The property is held on a long lease hold of 150 years from 1994. Therefore there are 126 years unexpired on this lease agreement. The ground rent payable is currently £48,500 per annum.
The premises are located in Ivy Road forming part of the Christy Estate in North Town, Aldershot. This is the principle industrial area in the town with good access to the A331 Blackwater Valley Relief Road which links to the M3 at junction 4.
The premises comprise a purpose built, early 1980’s, detached industrial/warehouse unit of double span steel portal frame construction with two floors of offices to the front elevation. There are three loading doors in total, two of which are situated on the eastern elevation of the property and the other loading door is part of the new warehouse extension. All three warehouse loading doors open out in to a gated service yard. All the offices benefit from suspended ceilings and recessed lighting with air conditioning in some of the office areas. On the first floor western elevation there is a staff canteen and kitchen area. There are male and female toilets on both floors. There is a total of 67 marked up parking bays.
Yard area Eaves height in main warehouse minimum 6m, rising to 8m Good parking Air conditioning in parts Own substation Staff break out room
Area Sq Ft Sq M Offices - ground and first floor 10,446 970 Warehouse/Industrial 38,790 3,604 Mezzanine 5,775 536 Total 55,011 5,110
The site extends to 0.79 hectares/1.96 acres
Strictly by appointment with the sole letting/selling agents Hurst Warne.
The accommodation comprises a large vaulted ceiling banking hall at ground floor level, connected to more modern ancillary offices at the rear. The banking hall has several featured glazed roof lanterns. At first floor level, there are two sections of further administrative offices and ancillary staff.
These areas are separated by a corridor running across the roof area over the main banking hall. The ancillary areas also have internal access from the ground floor. There is a large basement under the main banking hall which currently provides storage and bank vault accommodation.
Externally, to the right-hand side frontage, there is an open archway which provides pedestrian and vehicular access to a private side yard and parking area for this property only. This archway and said yard area are included within the ownership.
Pedestrian access to some adjoining properties, The Mews, is also provided through this archway.
Bank investment in prime location on Castle Street, Farnham Let to Lloyds TSB to March 2013 Rental income £125,000 pax to March 2023 Substantial commercial building with imposing main banking hall at ground floor with ancillary accommodation and offices at ground and 1st floor Future potential for refurbishment or alternative use opportunities, subject to planning Price on application
Floor Use Area Sq Ft Area Sq M Ground Zone A 547 50.82 Zone B 668 62.06 Zone C 677 62.89 Zone D 609 56.57 Remainder 3,537 328.59 Basement 1,770 164.43 1st Floor Offices & Ancillary 2,654 246.56 TOTAL 10,462 971.92
These area are based on previous measurements agreed at the last Arbitration award n December 2007.
For security reasons NO photography will be permitted inside the premises. Please contact Fran Belcher at Hurst Warne 01252 816061 to arrange an inspection.