Summary - 5, CARTEL BUSINESS CENTRE, STROUDLEY ROAD RG24 8FW
1 bed 1 bath Office
Refurbished income asset with strong parking and reversionary rent potential.
Fully refurbished throughout in 2023 with high-quality kitchens and WCs
A recently refurbished, self-contained two-storey office within Cartel Business Centre, offering immediate rental income and clear reversionary upside. The building benefits from an EPC A, high-quality kitchens and WCs installed in 2023, and generous on-site parking for 23 cars—practical for occupiers or as an income-producing investment.
Current passing rent is £58,194 per annum with a reversionary potential of £79,155 when fully let; WAULT stands at 3.7 years. The long leasehold interest is offered around £650,000, reflecting a low capital value of approximately £117 per sq ft, which supports both yield-driven purchasers and owner-occupiers seeking value in Basingstoke.
Buyers should note material local-area factors: the immediate neighbourhood is classified as deprived with a higher crime profile and a local demographic skewed to social renting young families. The property is leasehold rather than freehold, and there is no residential amenity space—this is a commercial unit in a business-park setting. These points affect occupational appeal for certain tenants and should be weighed against the strong recent refurbishment and parking provision.
Overall this is a practical modern office asset for investors targeting active income and medium-term rent growth, or for businesses seeking a ready-to-use headquarters close to Basingstoke town centre. The specification and parking are notable strengths; market sensitivities in the surrounding area and leasehold tenure are the main considerations.
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