Property photos
Just added
Freehold
£510,000
(£249.02/sq. ft)
Retail premises for sale
9 Market Place, Basingstoke RG212,048 sq. ft
Local area information
Property location
Nearby amenities
- Fairfields Primary School 0.2 miles
- The Costello School 0.4 miles
- Basingstoke 0.4 miles
- Bramley (Hampshire) 4.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Basingstoke to find out more about the local area.
Features and description
- Freehold
- Planning permission granted for 3 x 1 bedroom apartments
- Retail tenant renewed for 15 years expiring 5th June 2040 at £30,000 pax
- Attractive rpi linked cap and collar rent reviews
- Prominent Market Place trading position
- Substantial yard / car parking to the rear
Description
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.
Location
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.
Viewings
Strictly by appointment through the joint sole agents.
What3Words: ///tender.mimic.cubes
Terms
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).
Planning
Planning permission was granted on 29th August 2023 for the erection of a rear extension and conversion to provide 3 residential, 1 bedroom apartments which includes provision for cycle and refuse storage along with car parking spaces for the ground floor retail unit. Planning ref. No. 2400503FUL. (Basingstoke & Deane Borough Council).
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.
Location
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.
Viewings
Strictly by appointment through the joint sole agents.
What3Words: ///tender.mimic.cubes
Terms
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).
Planning
Planning permission was granted on 29th August 2023 for the erection of a rear extension and conversion to provide 3 residential, 1 bedroom apartments which includes provision for cycle and refuse storage along with car parking spaces for the ground floor retail unit. Planning ref. No. 2400503FUL. (Basingstoke & Deane Borough Council).
Floor plans and tours
Floor plans (3)
3 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Baker Davidson Thomas
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