8-10a London Street, Basingstoke, Hampshire, RG21 7NU

Guide Price* : £850,000

Town Centre Development Opportunity

  • Town Centre Mixed Use Development Opportunity
  • Planning Permission Granted
  • Prominent Location

Description

The property comprises a three storey building with under croft parking and access to the rear, built using traditional brick and concrete frame construction methods.

The Ground Floor comprises a former banking premises, whilst the First and Second Floors benefit from self-contained access from London Street and rear access via Feathers Yard. There is also a passenger lift although it has not been confirmed whether this is operational. The rear under croft provides on site parking for 4 cars, and is accessed via Feathers Yard.

The property currently provides 10,974 sq ft of accomodation over ground, first and second floor.

Location

The premises are situated in a prominent location in the pedestrianised London Street, in Basingstoke’s ‘Old Town’.

Basingstoke is a major centre for commerce and industry. The mainline Basingstoke railway station is within a 10 minute walk which provides a fast and frequent direct service to London Waterloo. The town is 45 miles to the south west of London adjacent to Junctions 6 & 7 of the M3 Motorway.

Nearby occupiers include Zizzi’s, McDonald’s, Wetherspoons and Barclays. The Festival Place shopping centre is within a few minutes’ walk, as are the local authority car parks.

Planning

Planning Permission was granted in March 2020 under application 19/03303/FUL for the change of use of existing upper storeys and part conversion of ground floor from Banking (A2) to dwelling houses (C3), to provide in total 9 no. self contained residential units. Part conversion of ground floor from Banking (A2) to open A1, A2, A3 and D1 (Clinic).

The property is located in the Basingstoke and Deane Conservation Area.

Planning Authority

Basingstoke and Deane Council - www.basingstoke.gov.uk

VAT

The property is elected for VAT

Bidder AML Requirements

For clarification, before being approved to bid, we require the following from all bidders, the documents must be certified by a solicitor who is a member of the law society and be sent from the certifiers e-mail to brontie@574.co.uk:

• Certified copies of Government issued ID –provided by the certifying solicitor
• Proof of address from within the last three months – provided by the certifying solicitor

The certification must comply with HMRC requirements:
• a statement that the document is “Certified to be a true copy of the original seen by me” and where appropriate, “This is a true likeness of the person” from a person who is competent at document inspection and impostor detection, such as a person from a regulated industry or in a position of trust
• an official stamp of the person certifying and indication of professional status
• been signed and dated with a printed name
• the occupation and address or telephone number

If bidding as a company we will require confirmation of the company name and number and documentation from all persons with significant control.

Contact

Joint auctioneers

London Clancy (Russell Ware)
01256 462222
russellware@londonclancy.co.uk

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Bidding not yet open
Minimum Opening Bid

£700,000


Bidding Opens On
25th Nov 2020 12:00
End Date

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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Joint Agent

Russell Ware
01256 462222

Local Authority

Basingstoke & Deane

Office Contact

Max Mason
07917 865 212

Related Documents

Legal Documents

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Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton November 2020

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.