Cromwell Place, Hampshire International Business Park, Lime Tree Way, Chineham, South East, RG24 8YJ

Exciting opportunity to acquire an office located on a premier business park in Basingstoke.

Cromwell Place is a modern 4-storey, corporate office building constructed in circa 1992. The L-shaped suites benefit from south facing panoramic views towards Chineham and Basingstoke Town Centre. The double height reception provides direct access to all floors by way of two 13-person lifts or the staircase. Recent M&E improvements have included upgrading the chillers and the installation of new boilers for a total cost of £311,032. The second floor is currently vacant and benefits from the existing Cat B fit out. The second floor can be divided to provide suite sizes of approximately 4,000 sq ft or 6,000 sq ft.

The property benefits from 136 car parking spaces, providing a car parking ratio of 1:229 sq ft

The specification includes:
Double height reception area
Suspended ceilings
Large kitchen and breakout areas
Full access raised floors (with floor boxes)
4 pipe fan coil air conditioning
Two 13-person passenger lifts

Basingstoke holds a strategically advantageous office location along the M3 corridor and is conveniently located about 42 miles southwest of Central London, 30 miles north of Southampton and 11 miles south of Reading. Hampshire International Business Park benefits from its proximity to the A33 which provides access to the M3 motorway within 7 minutes. Additionally, Basingstoke benefits from excellent rail connections with regular services to London Waterloo Station within 45 minutes.


Strategic office location in North Hampshire

The property is arranged over ground and three upper floors

Contracted rent of £347,772 pa

Unexpired term of 2.14 years to expiry on the let space

EPC D (92)

Freehold

Large site area of approximately 1.56 acres with low site coverage

Net Initial Yield of 9.33% and a low capital value of £112 psf