Summary
Production / storage / office premises available for sale in Kingsclere nr Newbury
Location
Kingsclere Park is situated on the A339 and is about a 10 minute walk from Kingsclere village and local amenities. It benefits from being in close proximity to Newbury and the M4 as well as Basingstoke, giving easy access to the M3. Newbury provides a rail service to London Paddington and Basingstoke to London Waterloo, both approximately in an hour. Leisure activities are well catered for in the area, with nearby golf courses and an abundance of indoor sports and fitness facilities.
Description
The property is arranged as production/storage space on the ground floor with the first floors as offices. Parking is arranged on three sides of the building. Unit 29 has a loading door.
We understand that Units 26-27 and Units 28-29 are owned under separate entities however they could be sold together.
Accommodation & Tenancies
We understand Gross Internal Areas (GIA) of all 4 units together is 9,528 sq ft and provides the following accommodation;
| Unit No. / Floor | Accommodation | sq ft | sq m | Tenant | Annual Rent | Lease Expiry |
| 26 Ground Floor | Production | 1,159 | 108 | Vision RT | £5,000 | May 2018 |
| 26 1st Floor | Office | 1,233 | 115 | Vacant | - | - |
| Total | | 2,392 | 222 | | | |
| 27 Ground Floor | Production | 1,159 | 108 | Vision RT | £5,000 | May 2018 |
| 27 1st Floor | Office | 1,233 | 115 | Vision RT | £5,000 | May 2018 |
| Total | | 2,392 | 222 | | | |
| 28 Ground Floor | Storage | 733 | 72 | Vacant | - | - |
| 29 Part Ground | Production | 1,545 | 144 | Phoenix | £10,200 | 6 month rolling lease from May 2018 |
| 28 1st Office | Office | 1,233 | 114.55 | Vacant | - | - |
| 29 1st Floor | Office | 1,233 | 114.55 | Vacant | - | - |
| Total | | 4,744 | 445 | | | |
NB. Vision RT occupy the space under one lease. The tenant has a break clause in May 2018 which they have excercised.
Terms
An offer for the whole building is sought. Offers in excess of £400,000 will be considered.
Service charge, ground rent and building insurance costs available upon application.
Tenure
Long Leasehold.
Business Rates
Rateable Values as follows:
1st Flr 26: £9,900
26-27 & 1st Flr 27: £27,000
28: £16,250
Grd Flr 29: £14,500
1st Flr 29: £10,000
Energy Performance Asset Ratings
| 26-27 | F:135 |
| 28 | C:74 |
| 1st Floor 29 | D:85 |
| Ground Floor 29 | F:126 |
Utilities
Gas and three phase power is available to all units. Boiler and meter locations available upon request.
Legal Costs / VAT
Each party to bear their own legal costs. VAT not chargeable on sale price but is on service charge.
Viewing & Further Information
Please contact the joint sole agents for further information or an appointment to view.