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    Key features

    • High Yielding Retail Investment
    • Producing £27,000 per annum
    • Six Years Term Certain
    • Asset Management Potential
    • 1,620 sq ft (150.5 sq m)
    • Popular Pedestrianised Street
    • Guide Price Reflects 15.43% Gross Yield

    Description

    The property comprises a high yielding retail investment opportunity set within the centre of Basingstoke's principal retail street.

    Arranged across ground floor only, the property is let in its entirety to The Gaming Den on a lease expiring 27/06/2029 and paying a rent of £27,000 per annum. There is an upcoming rent review in 2024 offering asset management potential.

    London Street lies in the heart of Basingstoke and comprises one of the principal pedestrianised retail streets in the town. The property therefore experiences high footfall by virtue of this position with the popular Wote Street and Festival Place Shopping Centre immediately to the north. Local occupiers include Iceland, McDonalds, Barclays and Zizzi.

    Additional information

    Tenure

    Long Leasehold - New 999 Year Lease

    Tenancy

    The property is let in its entirety to The Gaming Den on a lease expiring 27/06/2029 and paying a rent of £27,000 per annum. The lease is on effective FRI terms and includes a rent review 28/06/2024, offering asset management potential.

    Rent

    £27,000 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      • Festival Place Shopping Centre - 0.1 miles
      • Basingstoke Station - 0.5 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums