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Sold
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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.
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