Commercial property for sale in Armstrong Road, Basingstoke, RG24 (ref: 18362771)

**CASH BUYERS ONLY - LARGE WAREHOUSE WITH GREAT POTENTIAL IN BASINGSTOKE - OVER 10,000SqFt – IDEAL FOR INVESTOR AND OCCUPIERS**

OC Commercial is delighted to present this rare opportunity to purchase a unit that offers ample office space and a large warehouse facility, with a substantial yard that is gated, and fitted with an Access Control system. Further benefits include an additional extension at the rear of the building, providing further storage.

Part of the Daneshill estate, the Property is situated at the junction of Armstrong Road and Swing Swang Lane, with easy access to Junctions 6 and 7 of the M3 Motorway. There is also frequent rail service to London Waterloo (approx. 45 minutes).

Due to the size of the unit, there is potential to harness free renewable energy simply by adding solar panels to the roof space. Factories and warehouses are bringing their energy costs down by producing their own free electricity on-site.

FULL NAME OF FREEHOLDER: Basingstoke and Dean Borough Council
YEARS REMAINING ON LEASE: 48 years / auto-renewing at the end of lease
SERVICE CHARGE: None
GROUND RENT: Current £41,000/- yearly
Reviews every 20 years
BUSINESS RATES
25600/- yearly
CURRENT RENT BEING: About 43500/- tenants (a combination of rented parking space and Gym: option to serve a 3-month notice). Potential earnings approximately £130k p/a if fully rented