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Property Description & Features

  • Property Address:
    Bridgwater House
    Viables Business Park
    Basingstoke
    Hants
    RG22 4AX
  • Property Type: 99 year lease from January 2001 with an option to extend for a further 51 years subject to 6 months written notice to the landlord, to be served at any time during the last year of the term

Bridgwater House sits in a prominent position on the Viables Business Park which is a highly regarded and well established commercial location, 2 miles to the south west of Basingstoke town centre.  Near neighbours include De La Rue, TaylorMade, Motorola, Sony Broadcast and JP Morgan.

The property itself is a three storey design constructed in the year 2000 and extending to 18,725 sq ft, together with 86 onsite parking spaces.  The existing tenants in the building include Kier Highways Limited and STERIS Solutions Limited, both of whom offer strong covenant strengths.

The asking price of £2.25M reflects a yield of approximately 7.67% assuming acquisition costs of 6.75%, and is a capital value of £120 per sq ft.

Contact details for further information:

Richard Thomas

Email:  richard.thomas@bdt.uk.com

 

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