Freehold Development Opportunity, Gems Sensors, Lennox Road, Basingstoke, RG22 4AW

Description

The site comprises a self-contained 1.67 acre plot and is accessed via Lennox Road.

The existing office building extends to 39,506 sq ft and is arranged over ground, first and second floors with ample parking for up to 100 cars.

The surrounding area predominantly comprises of industrial units to the north and east and a new Aldi food store and retail warehousing development to the west.

Key Features

Opportunity to acquire a 1.67 ace site with redevelopment potential
Alternative uses such as industrial (STPP) or Open Storage
Prominent location in an established industrial area of Basingstoke
Vacant office building extending to a GIA of 39,506 sq ft
Property offered with full vacant possession
Offered on a freehold basis
Self-contained secure site
Located in close proximity to J6 and J7 of the M3 (2.5 miles)

Location

The site is located in Basingstoke, 45 miles southwest of London and is situated in a key commercial and retail warehouse area just off Lister Road.

The M3 motorway is accessed by either Junction 6 or 7 which are both within 5 minutes' drive time of the property providing excellent access into Camberley, Newbury and Reading.

The M4 at Junction 11 and Reading can be easily accessed via the A33 from Basingstoke.

There is also a frequent rail service to London Waterloo, timetabled at 45 minutes.

Planning

We understand that the property has planning for Class E use under the Town & Country Planning (use classes) Order 1987 and understand that B8 planning would be an acceptable use however would recommend interested parties make their own enquiries.

Rateable Value

The rateable value for the premises with effect from 1st April 2023 is £208,000.

VAT

The property is not elected for VAT.

Tenure

Available on a freehold basis with vacant possession.

Title number: HP37918

EPC Rating

Available upon request.