The Yard, Frances Road, Basingstoke, Hampshire, RG21 3DB

Guide Price* : £325,000

Town Centre Commercial Site

  • Town Centre Commercial Site
  • Suitable for owner occupation/ redevelopment (STPP)
  • 0.3 acres (0.12 Hectares)

Description

The property comprise a former builders yard of approximately 0.3 acres (0.12 Hectares) which provided a mixture of workshops and office buildings within a gated site. The buildings on site have now been demolished and therefore the property comprises a cleared yard space.

The site is located in a predominantly residential area and would therefore lend itself to residential redevelopment, subject to the appropriate consents.

Location

The property is located in Basingstoke town centre and accessed via a private single road leading off Frances Road. Frances Road is ‘top of town’ and is accessed from Bounty Road, a one way road via Southern Road and Hackwood Road. Bounty Road leads to Winchester Road which in turn links to Basingstoke’s ring road system. Frances Road is conveniently located within easy walking distance to the ’top of town’ amenities and Festival Place Shopping Centre and Basingstoke railway station.

Basingstoke is strategically located in the heart of southern England lying some 45 miles south west of London, linked by the M3 motorway at Junctions 6 & 7 and also served by frequent rail service to and from Waterloo. The lower section of the M3 motorway ultimately provides a link to the south coast ports.

Basingstoke is a vibrant town with a strong economy, already home to a number of large international employers and support companies. In particular, it is highly ranked by the National Institute of Economic & Social Research as being a popular destination for IT and digital companies.

Tenure

Freehold

Planning

The property has had planning consent refused (ref: 18/00106/FUL) for a development of 3 x three bed houses, 1 x two bed flat and 1 x one bed flat.

We understand the basis of the refusal to be on the scale and design of the proposed development, as well as the lack of outdoor space. We therefore consider that a scaled back development of 2-3 dwellings would be acceptable (subject to planning).

Planning Authority

Basingstoke and Deane - www.basingstoke.gov.uk/

VAT

Refer to the legal documentation

Contact

Joint auctioneers

London Clancy (Russell Ware)
01256 462222
russellware@londonclancy.co.uk

* 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.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Joint Agent

Russell Ware
01256 462222

Office Contact

Brontie Peacock
07591 384 573

Related Documents

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton June 2021

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.