Stratfield House, Station Road, Hook, RG27 9PQ

Summary

Office Freehold for sale

Location

Hook is situated in the district of Hart, in north east Hampshire, 45 miles south west of Central London and 7 miles east of Basingstoke.

The property is located along Station Road in the centre of Hook. Hook train station is 100 metres away offering excellent commuter links with London Waterloo accessible in just over an hour. Access to junction 5 of the M3 motorway is less than 1 mile away.

Within a short walk of Stratfield House are the following amenities; Tesco Supermarket, Londis, Boots Pharmacy, Dentist, Doctors Surgery, Butchers, Hotel, Post office and several pubs and restaurants.

Stratfield House comprises a detached three storey brick built office building with double glazed wooden framed windows and a mansard roof.  The building is accessed via an enclosed brick and glazed entrance into a reception area with passenger lift.  The office space is a mixture of open plan and cellular offices.  The ground and first floor are punctuated by columns and second floor has a number of pillars.  These columns and pillars form a natural corridor along the centre of each floor plate.

Key Considerations

• Prominent 3 storey town centre office building.
• Potential for general permitted development for the change of use to C3 residential use (subject to planning).
• Let to Taylor Wimpey (Credit Safe UK rating 78/100) at £13.78 per sq ft.
• Site area is 0.5 acres (0.2 hectares).
• Main line train station less than 100m away.
• Excellent car parking for 40 cars plus double garage.
• Current low level base rent with prospects for future rental growth/uplift.
• Declining levels of office stock in the town.
• Offers sought in excess of £1.6m equating to £146 per sq ft.
• A purchase at this level would reflect an attractive net yield of 9.44%

Accommodation

Proposal

We are seeking offers in excess of £1.6m (one million six hundred thousand pounds) for the freehold interest

Viewings

To arrange a viewing or to discuss the property in more detail please call our Hurst Warne  Fleet office on 01252 816061