£375,000

Pub/bar for sale

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Freehold

£375,000

(£220.20/sq. ft)

Pub/bar for sale

London Street, Basingstoke RG21

1,703 sq. ft

Local area information

Property location

Nearby amenities

  • Fairfields Primary School 0.2 miles
  • The Costello School 0.3 miles
  • Basingstoke 0.4 miles
  • Bramley (Hampshire) 4.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Basingstoke to find out more about the local area.

Features and description

  • Freehold
Key Points

  • Let to Rhu Bar Limited on a 10 year lease from 9th September 2019
  • 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.
  • Used as a Bar
  • Located in Basingstoke Town Centre
  • Subject to Contract and Without Prejudice

  • Description

    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.

    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.

    Viewings

    All viewings are to be arranged in advance with Curchod & Co.

    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.

    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.

    More information

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    1. Zoopla
    2. Commercial for sale
    3. Hampshire
    4. Basingstoke
    5. London Street