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, Kingsmead, Farnborough, GU14 7TE
80,668 Sq Ft / Offices
Withdrawn - Last updated: 05 October 2020
Briarcliff House, Farnborough, is a single let office building, comprising 80,668 sq ft, with a lease expiring 17th February 2018.
Town centre Redevelopment Opportunity Excellent communication linksDetailed building information available upon requestBuilding DetailThe property comprises a 4 storey office and retail developed in 1983. The building was constructed with a concrete frame and double glazed curtain walling to the upper floors. On the ground floor there are seven retail units which are sublet. There are 3 floors of offices above creating a "D" shape around a central roof garden.
The office space is fitted with two 8 person passenger lifts (there is also a 13 person service lift), raised floors, vaulted ceilings, air conditioning and an adequate supply of male and female WC. The upper floors (offices) look out over an internal open garden/recreation space.
The seven sublet retail units have frontage to Kingsmead with some benefitting from dual frontage onto the shopping centre walkway. One of the units only has frontage onto the shopping centre walkway.
We have been provided with a copy of the Building Survey Inspection report undertaken by Paragon dated 27th April 2015. This is assignable to a 3rd party.
We are aware that the tenant invested in the building with works to the roof and glazed elevations. We understand the value of the works amounted to approximately 1,000,000. Leasehold InformationThe property is let to AON UK Holdings Intermediaries Limited, following an assignment from Leslie Godwin Investments Limited dated July 1998 with the lease expiring 17th February 2018 at an annual rent of 1,250,000 (15.50 per sq ft overall).
The ground retail units (1-7) are all sub-let on 6 leases as follows:
Unit 1 & 2 Manpower plc (22,500 pa);
Unit 3 Satander UK Plc (22,500 pa);
Unit 4 Abbey National Building Society (44,000 pa);
Unit 5 Frank B Hall plc (28,000 pa);
Unit 6 Alfred Marks Bureau (15,250 pa);
Unit 7 Vacant;
Part Ground Floor Rushmoor Housing Association.
Location
Kingsmead, Farnborough, GU14 7TE, Hampshire, , South East
Farnborough is situated 34 miles Southwest of London, 16 miles east of Basingstoke, and directly south of J4 of the M3, providing efficient access to the M25, the south coast, and both of the central hubs of British air travel Heathrow & Gatwick airports.
Farnborough is a well-established commercial centre in the Blackwater Valley, and is within close proximity to other towns of Camberley, Farnham, Aldershot, and Fleet.
Briarcliff House is part of the town centre and at the epicentre of the commercial hub, forming part of the Kingsmead Shopping Centre. Further retail amenities are adjacent.
Being in town, Briarcliff House benefits from c.450 pay and display car parking spaces in close proximity outside its ownership, with the towns main bus station immediately opposite due south.
Briarcliff House is less than half a mile from Farnborough Railway Station (34 minute train to London Waterloo)
The location would be considered to be prime.
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