Regency House, Miles Gray Road, Basildon, SS14 3FR

Modern High Yielding Mulit-Let Office Investment with Asset Management Angles
7,600,000
30,175 sq ft
industrial, office
Harry Robins
Industrial and Logistics Agency
Jonny Doulton
Investment Agency

Key features

  • Refurbished
  • Raised floors
  • New air conditioning
  • Kitchen
  • WC's on all floors
  • Showers
  • Cat A accommodation with generous communal space
  • Suspended ceilings with recessed LED lighting
  • 8 person lift
  • Ground floor reception
  • Cycle storage
  • Parking ratio 1:280 sq ft

Description

The property comprises a three-storey office building which has recently been heavily refurbished and extended with works completed in late 2022. The landlord invested £5.3m on the capex or circa £140 psf. The original property has been substantially extended with a two-storey building to the rear providing office space totaling 38,330 sq ft of Cat A office accommodation with generous communal space.

Access to the property is via a secure electric gate into the car park. The property has excellent parking provision for 110 vehicles or 1:280 sq ft ratio.

Basildon is a major business centre in Essex, with a population of circa 187,600 and the second largest economy along the eastern section of the river Thames after Canary Wharf.

The town lies 26 miles east of Central London, 11 miles south of the city of Chelmsford and 10 miles west of the city of Southend-on-Sea. It was created as a new town after World War II in 1948, to accommodate the London population overspill.

Many of Basildon’s residents work in Central London, due to the town being well connected in the county to the City of London and the Docklands financial and corporate headquarters districts, with a 40 minute journey from the three Basildon stations with links into London Fenchurch Street.

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Harry Robins
Industrial and Logistics Agency
Jonny Doulton
Investment Agency