21 London Street, Basingstoke, RG21 7NT
1,703 Sq Ft / Other / Investment
For Sale
- £375,000.00
Available - Last updated: 07 November 2024
Summary
The subject property is being used as a Bar across Ground Floor and First Floor level. There is a cellar. On the Ground Floor, there is a seating area and a bar. On the First Floor, there is an area for further seating, with a kitchenette and two W.Cs. To the rear of the property there is an external seating area, which also provides access to a self-contained first-floor area. In this area, there is a kitchen, a W.C and shower and two floors. There is rear access to the subject property.
Key Points
Let to Rhu Bar Limited on a 10 year lease from 9th September 2019There is a possibility of the property being sold with vacant possession, subject to the Landlord and Tenant agreeing a surrender of the existing lease.Used as a BarLocated in Basingstoke Town CentreSubject to Contract and Without Prejudice
Viewings
All viewings are to be arranged in advance with Curchod & Co.
Tenancy Information
The current lease is let to Rhu Bar Limited on a 10 year lease term from 9th September 2019. The passing rent is £26,000 per annum exclusive. There is an upwards only rent review of 9th September 2024.
Further lease documentation can be provided by Curchod & Co upon request.
Location
Basingstoke is a major centre for commerce and industry with a borough population of approximately 150,000. The town is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes.Terms
Sale of the Freehold, subject to the existing lease.
There is a possibility of the property being sold with vacant possession, subject to the Landlord and Tenant agreeing a surrender of the existing lease.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£375,000.00
| NA |
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