An excellent opportunity to acquire a recently refurbished, detached commercial building on the Daneshill Estate, just 1.5 miles from Basingstoke town centre and mainline railway station. The property extends to approximately 5,540 sq ft (515 sq m) NIA and comprises four self contained suites, three of which are currently let as a gym, workshop and office, with the fourth suite vacant and offering scope to increase rental income.
The property benefits from a generous front yard providing parking for up to 23 cars, together with an outdoor seating area. The location offers excellent connectivity, with Junction 6 of the M3 approximately 1.5 miles away, regular bus services nearby.
Held on a 125 year lease from Basingstoke and Deane Borough Council. The Council is prepared to consider an extension to the lease term, subject to formal negotiation.
Auction
To be sold by online auction (conditional) on Thursday 26th November 2026 with an 8 WEEK EXCHANGE DEADLINE, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with tenants in situ.
Lease
125 years from 26 April 1985 - 83 years remaining.
Tenancies
Ground floor suite - £17,864 per annum Suite 2 - £19,864 per annum Suite 3 - Vacant Suite 4 - £20,466 per annum
Ground rent and service charge
Please see legal pack for further details.
EPC rating
A
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of 2.4% of the sale price, subject to a minimum of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the Sale Memorandum payable on completion. Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding.
Legal Pack
For each lot there is a draft Sale Memorandum and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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