The building, built circa 1996, comprises a modern detached business unit providing a mixture of light industrial, research and development on a 1 acre regular shaped site and office accommodation with 74 car parking spaces to the front and rear. The ground floor provides a mixture of office and research and development areas fitted out to a high standard. The offices at first-floor level incorporate comfort cooling, suspended ceilings and recessed lighting in a mixture of private and open plan offices.
The property has an Energy Performance Certificate Rating of D94.
Location
The unit is prominently positioned at the entrance to Blackbushe Business Park in Yateley. Access to Junction 4a of the M3 motorway is within a short distance. Fleet and Farnborough town centres are 14 minutes from the business park, both enjoy a mainline rail service to London Waterloo with an average journey time of 36 minutes.
Accommodation
Measured on a gross internal basis and in accordance with the RICS Code of Measuring Practice (6th Edition), and provides the following information:
| Ground Floor 1st Floor Offices | 14,976 sq ft 9,202 sq ft | 1,391.13 sq m 854.91 sq m |
| Total | 24,178 sq ft | 2,246.04 sq m |
Terms
We are instructed to offer for sale the freehold interest in this property, which is subject to a lease originally granted for a term of 15 years commencing 4th April 2012 and expiring 4th January 2027. There are no break options in the lease. The lease contains a further fixed increase in rent in January 2022
Our clients are seeking offers in the region of £3,400,000 exclusive of VAT. A purchase at this price reflects an initial yield of 6.13%, rising to 7.10% from January 2022 assuming purchaser's costs of 6.49%.
(See attached PDF for further covenant information)