Lot 10 Unit 2 Cartel Business Centre, Stroudley Road, Basingstoke, RG24 8FW

Bidding Closed

SOLD FOR

£247,000

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
+44 (0) 7732 681 156

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Natalie Bromley

natalie.bromley@addleshawgoddard.com
+44 (0)161 934 6000
Description
Map
Viewings

Property Summary
  • By order of the LPA Receivers
  • Long leasehold vacant office building
  • Approximately 956.23 sq m (10,293 sq ft)
  • Refurbishment opportunity
  • Includes 45 parking spaces
  • Vacant possession
Tenure

Long leasehold for a term expiring 26/04/2110 (89 years unexpired) at a ground rent geared to 15% of the open market rental value and currently £12,600 per annum.

Location

Basingstoke is the largest town in Hampshire and lies about 17 miles south of Reading and 31 miles north east of Southampton. It is situated immediately to the north of the M3 motorway, from which it can be accessed via junctions 6 and 7 with the A339 and A33 providing access to the town. Basingstoke railway station is about 1.5 miles from the property providing regular direct services to London Waterloo as well as regional rail services.

Cartel Business Centre occupies a prominent position adjacent to Wade Road on the Daneshill Industrial Estate, one of the principal commercial estates in the town. Stroudley Road runs west from Wade Road with the property lying in the north east corner of the site. Nearby occupiers include Travis Perkins and Enterprise Rent-A-Car.

Description

A purpose-built two office storey building forming part of a development of five stand alone office buildings. The building totals 956.23 sq m (10,293 sq ft) over two floors and is accessed via a large entrance hall. The building is in need of complete refurbishment but may also offer alternative use potential, subject to obtaining the necessary consents. A passenger lift serves the building and externally there are 45 designated parking spaces.

Planning

Basingstoke and Deane Borough Council (01256 844844) www.basingstoke.gov.uk/planning

VAT
Please refer to Legal Documents
Property Table
AddressAccommodationSize
TOTAL 956.23 sq m (10,293 sq ft)
Unit 2Ground floor offices
First floor offices
463.39 sq m (4,988 sq ft)
464.60 sq m (5,001 sq ft)

The auctioneers have not measured the property. All floor areas have been provided by the vendor.

EPC

Rating 72 Band C


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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