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Chiltern House And Yard House, Feathers Yard, May Place, Basingstoke, RG21 7NX

5,057 Sq Ft / Other / Investment

For Sale - £675,000.00

Available - Last updated: 06 June 2024

Summary

The premises comprise two self-contained buildings. Chiltern House has the benefit of a tenant on the first floor and vacant possession on the ground floor.

Yard House is divided in four suites, with two suites on the ground floor and two on the first floor. There are communal facilities in the common parts of Yard House for that building, providing w/c facilities on the ground and first floors, and a separate kitchenette.

In addition, our client owns the car park in May Place where there is some additional income from the existing tenants with some spare spaces.


Key Points

  • Town Centre location.
  • Current income £45,479 with built-in increases.
  • Potential additional income of £19,000 pax.
  • May sell as two buildings.

  • Tenancies

    Please see the attached schedule.


    Tenure

    Freehold with the benefit of the income from the existing tenancy.


    VAT

    The property has not been elected for VAT. Please note the buildings could be purchased separately.


    Anti Money Laundering

    To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

    Location

    Basingstoke is 45 miles to the south west of London adjacent to Junctions 6 & 7 of the M3 motorway. The M4 and Reading can be easily accessed via the A33. There is a frequent rail service to London Waterloo, with a journey time of approximately 45 minutes.

    The property is situated between May Place and Feathers Yard with Chiltern House being accessed from Feathers Yard, and Yard House being accessed from May Place. These are in turn accessed from New Road via Red Lion Lane. The properties are therefore well located to benefit from not only the local authority car parking but all the town centre amenities, including access to the restaurants and shops in Festival Place and in the Upper Town Centre.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £675,000.00 NA

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    Contact agents

    Tom Clancy

    Curchod & Co LLP (incorporating London Clancy)

    01256 520294



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