Summary - Royal Exchange,20-22 London Street,BASINGSTOKE,RG21 7NY RG21 7NY
3 bed 1 bath Mixed Use
Prominent town‑centre asset with conversion upside and secured external grants.
- Very large freehold footprint across four linked buildings
- Ground-floor hospitality with late alcohol and music licence
- Two existing residential flats: one 2-bed, one 1-bed
- Grants secured for front elevation and outside area improvements
- Scope for extension and conversion, subject to consents
- Vacant possession on completion
- Requires internal modernisation; full survey recommended
- Located in deprived area with very high crime rates
This substantial freehold on London Street offers a rare town‑centre footprint with flexible mixed‑use potential. The property comprises four linked buildings, a large ground‑floor hospitality unit with a late alcohol and music licence, and two existing residential flats (2-bed and 1-bed). Multiple external entrances and a sizable outside area increase scope for lettable units or combined owner‑occupation and trading.
Planning scope exists for extension and conversion, subject to required consents. Grants are already secured for front elevation and outside area improvements, reducing immediate capital outlay for façade and external works. The prominent end‑terrace Georgian frontage and high ceilings create strong character appeal for residential conversion or continued hospitality use.
Buyers should note material concerns plainly: the property sits in an area classified as deprived with very high local crime rates, which will affect lettability and insurance costs. The interior requires modernization in parts and a full internal survey is recommended to confirm structural condition, services and compliance for conversion works. Any extension or change of use will need planning and licensing approvals.
Offered with vacant possession, this large freehold is well suited to an investor or developer with experience in town‑centre conversions and commercial licences. Its size, central location and secured external grants present a clear value opportunity for a refurbishment-led repositioning, but successful delivery will require managing planning, renovation and operational risk in a challenging local context.
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