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Agent's details

Dame Mary Fagan House, RG24

For sale: POA|To rent: ROA|8,600 - 48,350 Sq Ft|Other, Office, Other Property Types & Opportunities, Offices

Property details

FOR SALEPOA
TO RENTROA
SIZE8,600 - 48,350 Sq Ft
ADDRESSDame Mary Fagan House, Lutyens Close, Basingstoke, RG24 8AG
TYPEOther, Office, Other Property Types & Opportunities, Offices
TENURETo Let, For Sale Freehold, For Sale Leasehold
POSTED ON26th June 2024

Description

Key Points

  • Would suit an investor, or owner occupier/developer (subject to planning and vacant possession)
  • Opportunity for an alternative use (subject to planning and vacant possession)
  • Vacant Office Suites can be let individually
  • Located on an approx 3.26 acre site
  • 209 car parking spaces
  • Suspended Ceilings
  • Raised Flooring
  • 2x Passenger Lifts
  • Separate goods entrance
  • Summary

    Rare Freehold/Leasehold Opportunity for Modern Headquarter Style Office Building

    Description

    Dame Mary Fagan House is located on an approximate 3.26 acre site and comprises of a Modern Office Building with 209 car parking spaces (approximately 1:209 sq ft net ratio). The property is located from level 0 to level 3, with the breakdown of the sizes of each level stated in the accommodation section.

    The Freehold of Dame Mary Fagan House is available for sale, or alternatively, the remaining vacant office suites are available to let.

    Location

    Basingstoke is North Hampshire’s principle commercial centre, supporting a borough population of 180,000 people. Communications are vital to the continuing growth of the town, with excellent links to the national rail network via a highly efficient internal ring road system and with fast direct rail services to London Waterloo (45 minutes).

    The subject property is located two miles north-east of Basingstoke town centre, which benefits from excellent amenities including the well established Festival Place Shopping Centre.

    Viewings

    All viewings are to be arranged in advance with Curchod & Co.

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    Available For Sale or To Let

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    The accommodation comprises the following approximate areas, which covers the total area of the subject property (not deducting the areas which are currently let). Each applicant would need to undertake their own due diligence on this:

    Tenancy Information

    The current tenancies at the subject property are as set out below:

    CDW Limited currently occupy part of Level 3 Dame Mary Fagan House (with an approximate area of 5,328 sq ft) on a 10-year lease from 1st February 2019 at an annual rent of £102,953 + VAT. There is an upwards only rent review at expiry of the 5th Year of the Term, the Tenant may determine this Lease on the date of expiry of the 3rd and 6th years of the Term subject to complying with specific conditions. It is understood that the lease is inside the security of tenure provisions within the Landlord and Tenant Act 1954.

    Hampshire and Kent Commercial Services LLP (Trading as Connect2Hampshire) currently occupy the South Wing Level 3 Dame Mary Fagan House (within an approximate area of 2,664 sq ft) on a 10-year lease from 1st April 2019 and pay an inclusive rent of £62,500 per annum + VAT which is reviewed annually in line with CPI. There is a break clause which either party may determine on the 6th anniversary of the lease subject to meeting the required break option conditions.

    The NHS occupy part of the subject property on a licence basis. Further information on this is to be confirmed.

    Curchod & Co can provide full lease documentation upon request.

    Subject to Contract

    Subject to contract.

    Location

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    Location: Dame Mary Fagan House, Lutyens Close, Basingstoke, RG24 8AG

    Basingstoke (1.4 miles)

    Bramley (Hants) (3.3 miles)

    Hook (4.3 miles)

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