Car Park Redevelopment Opportunity at Churchill Place Basingstoke Hampshire RG21 7AA

Car Park Redevelopment Opportunity at Churchill Place
Basingstoke
Hampshire
RG21 7AA

  • Car Park Redevelopment Opportunity at Churchill Place<br>Basingstoke<br>Hampshire<br>RG21 7AA

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
    12/Jul/2022
  • Vacant Possession
  • Status
    Available
  • Price*
    £200,000+
  • Sector
    Car Park
  • Auction Venue
    Live Streamed Auction
  • On Behalf a Major Property Company
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    01.07.22
    File Size
    85 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Freeths LLP 1st Floor, 5 New York Street
Manchester
M1 4JB
Laura Chadwick 0345 274 6840Laura.Chadwick@freeths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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