| Property Type | Investment / Development / Retail |
| Tenure | For Sale |
| Size | 2,048 sq ft |
| Business Rates | Upon enquiry |
| Energy Performance Rating | This property has been graded as D (100) |
9 Market Place is situated in a prominent location facing Market Place which is the main market square which links Winchester Street to the West and London Street which faces directly opposite Church Street and Wote Street which leads into Festival Place shopping centre, 150m north of the property.
The property comprises a ground floor retail unit which is let and trading as a barbers. The retail accommodation is mainly open plan and benefits from a WC, separate kitchen and a staff room to the rear. Access is provided for deliveries via a large secure gated yard to the rear.
The property also comprises a vacant 1st floor office space.
Basingstoke is a major centre for commerce and industry with a Borough population of approximately 180,000. The Town is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 motorway. There is a frequent rail service to London Waterloo, timetabled at 45 minutes.
Market Place is situated within the Basingstoke Top of Town area which provides for the popular Basingstoke market held every Wednesday & Saturday. Nearby occupiers include McDonalds, Barclays Bank, Zizzi's Italian restaurant, Poppins cafe, Coral's Bookmakers to name but a few.
The ground floor retail unit is let to The House of Handsome Barbers & Grooming Ltd at a rent of £30,000 per annum exclusive for a term commencing on 6th June 2025 expiring on 5th June 2040. The lease is subject to 5 yearly upwards only rent reviews which are linked to the increase in the Retail Price Index (RPI) to a minimum increase 13.1% or maximum increase (cap) 27.6%. The lease is contracted inside the Landlord & Tenant Act 1954 Part II (as amended).
Strictly by appointment through the joint sole agents.
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