The subject property is located in the centre of Basingstoke on London Street next door to the Red Lion Hotel and in the vicinity of McDonalds, Barclays Bank, JD Wetherspoon.
Basingstoke Rail Station is under a 10-minute walk away which provides services to London Waterloo in under an hour. The Basingstoke junction for the M3 can be reached in under 5-minutes by car.
The Royal Exchange is an attractive character property formed over 3 floors. The ground and 1st floor comprises open plan bar areas leading up to a well-appointed 2-bedroom flat on the 2nd floor. The Ground and 1st Floors are currently operated as a bar which holds a late license (4.30am Fri & Sat, 2am rest of the week).
The overall site sits on a plot of c. 5,400 sq. ft. and has potential for redevelopment (STPP).
|Available||sq ft||sq m|
|Ground floor bar||2,074||192.68|
|1st floor bar||1,410||130.99|
£1,100,000 plus VAT
Rateable Value - £17,500
Rates Payable (23/24) - £8,732.50 per annum
Anti Money Laundering Policy
In accordance with Anti Money Laundering Regulations, the successful purchaser will be required to provide two forms of identification and confirmation of the source of funding.
Each party to bear their own legal costs incurred in the transaction
Strictly by appointment with the sole agents Owen Isherwood