From
£55,000 pa
(£11.28/sq. ft. pa)
Retail premises to let2 Winchester Street, Basingstoke RG21
From 4,876 - 7,137 sq. ft
About this property
New lease, nil premium
Substantial Ground Floor & Basement, previously trading as Vault Restaurant & Bar
Rear access and goods delivery
New Lease Terms
Rear Yard/Servicing Area
Planning permission secured for rear terrace and seating
Description
The property comprises a former restaurant/bar. The three storey period building is constructed of brick with timber sash windows under a pitched tile roof with dormer windows, and was sympathetically restored around 2022. The previous Tenant has invested heavily to create a fine dining experience, which included kitchens on the ground and first floor, and bar areas in the basement, ground floor and first floor. WCs are located on all three floors.
Location
Basingstoke is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. The M4 and Reading can be easily accessed via the A33. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. Basingstoke, with a Borough population of approximately 180,000, is a major centre for commerce and industry, having attracted several international and national companies, enjoying the benefits of a diverse range of leisure/recreational facilities and the highly acclaimed Festival Place shopping centre.
The property occupies a prominent corner position, within a pedestrianised location fronting onto Winchester Street, Market Place and Church Street in Basingstoke’s ‘Old Town’. The ‘Old Town’ is a secondary retailing pitch popular with A2 ad A3 occupiers. Nearby occupiers include Zizzi’s, McDondald’s, Wetherspoons, Poppins, Leightons Opticians, Barclays Bank to name but a few. The Willis Museum and Art Gallery is diagonally opposite the property.
Terms
Option 1: Leasehold – Ground Floor and Basement
The ground floor and basement are available on a new effective fully repairing and insuring lease for a period term to be agreed.
Rent: £55,000 per annum exclusive rising to £65,000 per annum exclusive in the 5th year.
Option 2: Leasehold – Entire Building
The entire building is available to let on a new Full repairing and insuring lease for a term by arrangement.
The rent is £85,000 per annum exclusive.
Rent Free Period
Three months from completion of the lease or occupation whichever is the earlier.
Tenant's Deposit
The equivalent to six month's rent plus VAT (i.e. £51,000)
Availability
Immediately on completion of legal formalities.
The property comprises a former restaurant/bar. The three storey period building is constructed of brick with timber sash windows under a pitched tile roof with dormer windows, and was sympathetically restored around 2022. The previous Tenant has invested heavily to create a fine dining experience, which included kitchens on the ground and first floor, and bar areas in the basement, ground floor and first floor. WCs are located on all three floors.
Location
Basingstoke is 45 miles to the southwest of London adjacent to Junctions 6 & 7 of the M3 Motorway. The M4 and Reading can be easily accessed via the A33. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes. Basingstoke, with a Borough population of approximately 180,000, is a major centre for commerce and industry, having attracted several international and national companies, enjoying the benefits of a diverse range of leisure/recreational facilities and the highly acclaimed Festival Place shopping centre.
The property occupies a prominent corner position, within a pedestrianised location fronting onto Winchester Street, Market Place and Church Street in Basingstoke’s ‘Old Town’. The ‘Old Town’ is a secondary retailing pitch popular with A2 ad A3 occupiers. Nearby occupiers include Zizzi’s, McDondald’s, Wetherspoons, Poppins, Leightons Opticians, Barclays Bank to name but a few. The Willis Museum and Art Gallery is diagonally opposite the property.
Terms
Option 1: Leasehold – Ground Floor and Basement
The ground floor and basement are available on a new effective fully repairing and insuring lease for a period term to be agreed.
Rent: £55,000 per annum exclusive rising to £65,000 per annum exclusive in the 5th year.
Option 2: Leasehold – Entire Building
The entire building is available to let on a new Full repairing and insuring lease for a term by arrangement.
The rent is £85,000 per annum exclusive.
Rent Free Period
Three months from completion of the lease or occupation whichever is the earlier.
Tenant's Deposit
The equivalent to six month's rent plus VAT (i.e. £51,000)
Availability
Immediately on completion of legal formalities.
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