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Glasshouse introduction

Description

The Glasshouse site, approximately 0.5 acres, is prominently positioned on the lower tier of Basing View, and is visible to Churchill Way East. It is effectively an island site, adjacent to the Sun Life HQ building, with 3 main road frontages. Festival Place shopping and restaurant facilities are a short walk away, as are the bus and railway stations.

Planning

Consent no. BDB 70249 allows for redevelopment of the site to provide a 9 storey hotel providing 137 rooms and 45 car spaces (part basement). It is anticipated that the scheme would provide a 2 star budget hotel. Section 106 conditions apply.

Disposal options

The Glasshouse site is offered for sale on a long leasehold basis, or as a design and build opportunity for a hotel operator. The lease, when completed with Basingstoke & Deane Borough Council will provide for a period of 150 years, subject to a ground rent of 5% of rents received for the first 25 years of the term, increasing to 7.5% thereafter.

Offers in excess of £1.1 million are sought by the vendor. Design and build options include either ‘shell & core’, or a full fit out of the bedrooms, subject to agreement on rent.

Further information

The site can be inspected without prior arrangement. Thereafter, interested parties should contact the joint sole agents in order to progress discussions.

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bdtlogo Goadsby logo A development by
Fishron Properties Ltd
richard.thomas@bdt.uk.com david.huck@goadsby.com

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