Summary - 21, LONDON STREET RG21 7NT
1 bed 1 bath Pub
**Standout Features:**
- Large commercial space (1,703 sq ft) in Basingstoke Town Centre
- Currently operating as a bar with potential for diverse uses
- Dual-level layout including a cellar, bar area, kitchenette, and external seating
- Freehold tenure with an existing 10-year lease until September 2029
- Significant population base in a growing borough near M3 motorway and rail links to London
- Potential for vacant possession subject to surrender of the current lease
**Summary:**
Discover a prime opportunity to invest in a spacious pub located in the heart of Basingstoke's bustling town center. This property spans over 1,700 square feet and includes distinctive features such as a ground-floor bar, ample seating areas, and a well-equipped first-floor kitchenette, making it ideal for continued hospitality use or other commercial ventures.
Though the bar's current design is rooted in the 1970s, with wooden flooring and bold red walls, this represents a unique chance for renovation and modernization to attract a broad clientele. The property also offers an external seating area, further enhancing its appeal for gatherings. With a dependable passing rent of £26,000 per annum and an upward-only rent review scheduled for 2024, this could be an attractive investment for savvy buyers.
Basingstoke is not just a city but a thriving community with a blend of residential amenities and commercial prospects, all while providing excellent transport links to London. Given the potential for redevelopment and improvement, don't miss this unique opportunity—properties of this caliber in such a prime location are seldom available!
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