Summary - 448, BASINGSTOKE ROAD RG2 0LP
1 bed 1 bath Warehouse
Rare freehold industrial site with income and redevelopment potential.
Prominent corner site on 1.09 acres, strong M4/A33 access
This substantial freehold warehouse occupies a prominent corner on Basingstoke Road with direct access to the A33 and Junction 11 of the M4. The 1.09-acre site includes a very large building (29,336 sq ft), 72 car parking spaces including rooftop parking, three large loading doors and a 4.15m clear warehouse height — features that suit trade, distribution, showroom or R&D uses (subject to planning).
The ground-floor office area is let to Fiscal Technologies producing £100,545 pa until 14 April 2027; the warehouse and first-floor office are being sold with vacant possession. The property has useful services for commercial users (three-phase 100kVA supply, canopy loading bay, suspended-ceiling air-conditioned offices) and potential to reconfigure or redevelop (STP), offering both near-term rental income and longer-term capital upside.
Buyers should note material factors plainly: the site sits in an area with elevated crime and wider area deprivation, and the building is mid-20th-century in style so parts may need refurbishment to meet modern occupier expectations. The sale is subject to VAT at the prevailing rate unless acquired as a Transfer of a Going Concern. Investors and owner-occupiers should weigh the current part-let income and strategic location against the cost of upgrading and any planning work required for alternative uses.
Overall, this is a rare freehold opportunity in the Thames Valley market for purchasers seeking a large footprint, strong vehicle access and redevelopment potential, with immediate income and clear options to add value through refurbishment or change of use (STP).
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