Commercial property for sale in Units 1 & 2 Glebe Farm, Churchill Way, Basingstoke RG21

Key Points

Description

Glebe Farm comprises a semi-detached building of brick construction under a pitched tiled roof and is presently split into two self contained units. Unit 1 trades as a hair salon over ground and first floors, with amenities including electric heating, attractive exposed timber beams, fluorescent strip lighting, ground floor wc, plus first floor kitchenette facilities. The first floor also benefits from Velux windows, providing additional light and air circulation.

Unit 2 Glebe Farm is currently vacant and benefits from fluorescent strip lighting, carpeting, gas central heating to radiators, double glazing, wc, plus a small kitchenette area. Externally, the units have private on site car parking and the redundant storage building in the car park could be removed as part of an asset enhancement project.

Location

The property occupies a prominent position on the Churchill Way inner ringroad, with one way ingress via the Eastrop roundabout to the east, and egress to the Victory roundabout to the west. The premises are directly opposite the Anvil Theatre and a very short walk to the main town centre amenities, including the railway and bus stations, as well as the highly acclaimed Festival Place shopping centre.

Basingstoke is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. The M4 and Reading can be easily accessed via the A33. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. Basingstoke, with a Borough population of approximately 180,000, is a major centre for commerce and industry, having attracted several international and national companies, enjoying the benefits of a diverse range of leisure/recreational facilities and the highly acclaimed Festival Place shopping centre.

Terms

Unit 1 presently trades as The Glebe Hair Salon on a ten year lease from 24th August 2021, incorporating a tenant only break option in year 5. Passing rent is £10,000 pax, which will be reviewed as of 24th August 2026. The lease is excluded from the renewal and compensation provisions of the Landlord & Tenant Act 1954 and effectively is drawn on an internal repairing and insuring basis. Offers are invited with a guide price of £250,000. No VAT would be payable.