That seems like it would be a bit cheap, really.
BFS: +50AD, 1550g
Dagger x3: +45%AS, 1350g (because screw Recurve Bows)
Subtotal: 2900g
Recipe:
+25AD, ~700g?
+range vs. towers, ?????g.
Pricing that would be REALLY difficult, especially without any numbers. It wouldn't make a huge difference for ranged champs unless it let you outrange the tower, in which case it would be worth easily in excess of 1000g, probably over 1500. For melee champs it would be pretty nice, so it could fit around 700g. (Maybe less? Not sure on this.)
Approximate total value:
2900
+700
3600
+700
4300
So we're talking 4300g at an absolute minimum, for an item that would mostly be useful in the early game when you'd want some distance from towers. Later on people will be taking more damage, so it won't be as huge of a deal to back off the tower; your lane opponent (if you were even still laning by the time you got this) would have to leave more often, whether from low health/mana or death.
With the passive described above, a lategame item really doesn't feel right. It would have to be fairly early, since it mostly provides safety during the laning phase. Maybe something like this:
Longsword: +10AD, 360g
Dagger: +15%AS, 450g
Combine/Passive: ????g
As mentioned above, the item wouldn't really be useful on ranged champs unless it let you outrange the tower, in which case it would be way too expensive to buy early. So we'll say something like +[70/140] attack range vs. towers for [ranged/melee] champs.
Ranged-champ AA range increase was chosen from Tristana's stats. At level 18, her passive brings her to 703 range, as opposed to a tower's 775. +70 range would keep her just inside. (Because if it DID bring her out of range at level 18, this would be ridiculously powerful in that one niche case, and so it would need to be expensive... which would mean nobody but a fed Tristana would buy it, and only late in the game.)
This might seem to contradict my earlier statements, but I've realized something and I'm too lazy to go back and fix it; a single champ can already splitpush fairly effectively late in the game. (
, anyone?) Imagine what would happen if that champ-- that one champ, leaving the other four open to go do whatever-- could take towers without being hit, without any minions. That alone would make this item a near-optimal (if not required!) choice for any champs who could take advantage of that.
The fact of Tristana being the most likely candidate just makes the problem worse, since she's got an AS steroid built in that makes her decent at tearing down buildings anyway.
I'm rambling, though. Anyway, to finish the earlier build:
+
+ combine ~= 1600g, maybe?
I think that would be the best way to implement this passive, at least if we're following OP's desires for an AD+AS item.
EDIT: Holy crap that was long. Sorry.