| Property Type | Investment / Development / Office |
| Tenure | For Sale |
| Size | 10,251 to 31,159 sq ft |
| Price | £3,500,000.00 Subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.33% and a low capital value of £112 psf. |
| Business Rates | £6.25 per sq ft (Guidance only at this stage) |
| Energy Performance Rating | This property has been graded as D (92) |
Cromwell Place is a modern 4-storey, corporate office building constructed in circa 1992. The L-shaped suites benefit from south facing panoramic views towards Chineham and Basingstoke Town Centre. The double height reception provides direct access to all floors by way of two 13-person lifts or the staircase. Recent M&E improvements have included upgrading the chillers and the installation of new boilers for a total cost of £311,032. The second floor is currently vacant and benefits from the existing Cat B fit out. The second floor can be divided to provide suite sizes of approximately 4,000 sq ft or 6,000 sq ft.
Cromwell Place is situated to the north of Chineham Park and forms one of the buildings which comprise the Hampshire International Business Park, located around 3 miles north east of Basingstoke town centre and junction 6 of the M3 motorway. The building is positioned in a parkland setting with amenities nearby including a gymnasium, day nursery centre and a coffee/food outlet.
Basingstoke is a strategic office location in North Hampshire, located along the M3 corridor which offers excellent connections to neighbouring commercial centres such as London (42 miles north east) and Reading (11 miles north).
Double height reception area
Suspended ceilings
Large kitchen and breakout areas
Full access raised floors (with floor boxes)
4 pipe fan coil air-conditioning
Two 13 person passenger lifts
136 car parking spaces
Large site area of approximately 1.56 acres (0.63 hectares) with low site coverage.
Hampshire International Business Park and the adjacent Chineham Park has extensive amenity offering with a gym, day nursery centre and coffee/
food outlet
Freehold
To be sold as a TOGC.