icons_size_white icons_size
menu

Agent's details

5-7 London Street, Basingstoke, South East

For sale: £1,750,000.00|0.18 Acres|Office, General Retail, Mixed Use, Other, Residential, Offices, Retail, Other Property Types & Opportunities

Property details

FOR SALE£1,750,000.00
SIZE0.18 Acres
ADDRESS5-7 London Street, Basingstoke, South East
TYPEOffice, General Retail, Mixed Use, Other, Residential, Offices, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON15th February 2022

Description

Unique Redevelopment Opportunity in the heart of Basingstoke (STP).

The property comprises a post office on the ground floor with office accommodation over first and part second floors totalling 11,540 sq ft (1,072 sq m).

The property is of concrete framed construction with masonry elevations under a flat roof. The property benefits from a large frontage onto London Road with separate access to the rear.

Location Highlights

Basingstoke is the largest town in Hampshire and a major commercial centre in the South East with a population of approximately 170,000 people.

The town is located 17.5 miles (28 km) South of Reading, 31.5 miles (50 km) North of Southampton and 50 miles (80 km) to the South West of London.

Situation:

The property occupies a prominent position on London Street, a pedestrianised area in the old town to the west of Market Place, approximately 9 minutes' walk from Basingstoke railway station.

Occupiers in the area include a range of shops as well as restaurants and bars. In addition, Festival Place Shopping Centre is situated within a 5 minute walk providing 150 stores and eateries as well as a 10-screen multiplex cinema.

Specification

The existing building is 3 storeys tall at its maximum height to the front, facing London Street, with the rear massing only 2 storeys tall. The Majority of buildings along London Street and Market Place are 3 - 4 storeys tall.

Analysis in the Stage 1 Feasibility Report suggests that the site could support the proposal for taller massing along the site's southern boundary, inline with this masterplan for the top of town. The report suggests a maximum height of 6 storeys.

Redevelopment Opportunity (STP):

The property provides an exciting opportunity for a residential or mixed use development scheme subject to planning. A stage 1 Feasibility report has been undertaken which outlines 4 different redevelopment options (see brochure for full details).

EPC

Available on request.

Viewing

Strictly via appointment with the sole agents only.

Key Features

- Exciting Residential Development Opportunity

- 11,540 sq ft (1,072 sqm)

- Fully let to The Post Office Limited at £107,000 pa with 2.27 years unexpired

- Prominently situated in the historic heart of Basingstoke

- Excellent communications and local amenities

- Freehold


( Agency Pilot Software Ref: 110177 )

Location

marker
Location: 5-7 London Street, Basingstoke, South East

Basingstoke (0.4 miles)

Bramley (Hants) (4.8 miles)

Hook (5.5 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here