Freehold Major Town Centre Car Park Redevelopment Opportunity
Freehold Major Town Centre Multi Level Car Park with Substantial Redevelopment potential (Subject to Consent)
Affluent Hampshire Commuter Town
Active Management and Potential to Redevelop to Residential or Commercial uses.(Subject to Consents)
Directly Opposite the Major 200 Unit Festival Place Shopping Mall and adjacent to the Landmark Churchil Place with 285 Apartments
Nearby Occupiers Include Costa Coffee, Superdry, Marks and Spencer, Game
Lot 7
Auction 12th July 2022
Vacant Possession
Status Sold
Price £400,000
Sector Car Park
Auction Venue Live Streamed Auction
On Behalf a Major Property Company
Property Information
Location
Miles
40 miles south west of London, 16 miles south of Reading, 32 miles north of Southampton
Roads
A33, M3
Rail
Basingstoke Railway Station
Air
London Heathrow Airport
Situation
The property is located in the heart of Basingstoke town centre, an affluent Hampshire town and desirable regional shopping location. The property is prominently situated on the south west side of Eastrop roundabout at the junction with Churchill Place and Churchill Way (A3010). The property benefits from being adjacent to the landmark Churchill Place residential scheme comprising some 285 apartments and directly opposite the Festival Place Shopping Mall with over 200 shops and an approximate annual footfall of over 18 million.
Occupiers include Costa Coffee, Superdry, Marks and Spencer, Game, Moss Bross, and JD Sports.
Tenure
Freehold.
Part Long Leasehold, held from RG Securities (No.3) Limited for a term of 150 years from 01/01/2019 at a peppercorn ground rent.
Location
Miles
40 miles south west of London, 16 miles south of Reading, 32 miles north of Southampton
Roads
A33, M3
Rail
Basingstoke Railway Station
Air
London Heathrow Airport
Situation
The property is located in the heart of Basingstoke town centre, an affluent Hampshire town and desirable regional shopping location. The property is prominently situated on the south west side of Eastrop roundabout at the junction with Churchill Place and Churchill Way (A3010). The property benefits from being adjacent to the landmark Churchill Place residential scheme comprising some 285 apartments and directly opposite the Festival Place Shopping Mall with over 200 shops and an approximate annual footfall of over 18 million.
Occupiers include Costa Coffee, Superdry, Marks and Spencer, Game, Moss Bross, and JD Sports.
Tenure
Freehold.
Part Long Leasehold, held from RG Securities (No.3) Limited for a term of 150 years from 01/01/2019 at a peppercorn ground rent.
Description
The property offers a substantial and significant affluent town centre redevelopment opportunity (subject to consents) and comprises a town centre multi level car park to the south of Churchill place comprising a concrete framed 3 level car park accommodating approximately 30 cars per level. This site benefits from an approximate area of 0.16 Ha (0.4 Acres), and may be suitable to be redeveloped (subject to the necessary consents).
The property also benefits from a 74 car parking spaces below the substantial Churchill Plaza luxury apartment block with 285 newly converted apartments.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property offers a substantial and significant affluent town centre redevelopment opportunity (subject to consents) and comprises a town centre multi level car park to the south of Churchill place comprising a concrete framed 3 level car park accommodating approximately 30 cars per level. This site benefits from an approximate area of 0.16 Ha (0.4 Acres), and may be suitable to be redeveloped (subject to the necessary consents).
The property also benefits from a 74 car parking spaces below the substantial Churchill Plaza luxury apartment block with 285 newly converted apartments.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Site
Use
Site Area
Possession
Freehold Car Park
Car Park
0.16 Ha
(0.4 Acres)
VACANT POSSESSION
Leasehold 74 car parking spaces
Car Park
VACANT POSSESSION
Total Approximate Site Area
0.16 Ha
(0.4 Acres)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
