Property Type | Retail |
Tenure | To Let |
Size | 981 sq ft |
Rent | £40,000 per annum |
Business Rates | £11.70 per sq ft |
Rateable Value | £23,000 |
Energy Performance Rating | This property has been graded as B (50) |
The premises comprise a ground floor retail unit which is situated in a 100% prime location, fronting Market Place, towards the top end of Wote Street. The premises are situated in the heart of Basingstoke’s market, which runs on a Wednesday and Saturday, this has increased significantly in recent years with the numbers of traders and popularity.
The previous tenant Paddy Power comprehensively refitted the shop approximately 12 years ago. The current configuration includes a main retail area, together with a disabled customer wc, rear staff kitchen/office and staff wc. The current fit out offers a suspended ceiling, together with integral lighting and heavy grade vinyl flooring, as well as a feature shop front which has recently been redecorated.
Nearby current occupiers include McDonald’s, Poppins café/coffee shop, Barclays Bank, Da Mariu, Betfreds Bookmakers, Connells Estate Agents, to name but a few.
Basingstoke is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. The M4 and Reading can be easily accessed via the A33. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. Basingstoke, with a Borough population of approximately 180,000, is a major centre for commerce and industry, having attracted several international and national companies, enjoying the benefits of a diverse range of leisure/recreational facilities and the highly acclaimed Festival Place shopping centre.
Strictly by appointment with the sole agents.
The premises are available on a new effective fully repairing and insuring lease for a term of 10 or 15 years, subject to periodic rent reviews. The lease shall be contracted outside of the security of tenure and compensation provisions of the Landlord & Tenant 1954 Act Part II (as amended).