7-11 New Street, Basingstoke 4 Retail Properties Offered at £600,000 in Basingstoke
INVESTMENT HIGHLIGHTS
- Prominently located in the town centre
- The M4 and Reading can be easily accessed via the A33
- Neighboured by acclaimed Festival Place shopping centre
EXECUTIVE SUMMARY
The property comprises a rare opportunity to acquire a multi let retail investment which is part vacant, with short and medium term development prospects (STPP). The asset is essentially formed as two connecting parts, comprising 7 New Street fronting the busy inner one way system (New Road), and three in line retail units, which are situated at the entrance to the Joyces Yard car park, prominently situated in the top of town.
PROPERTY FACTS
| Price | £600,000 |
| Price / SF | £207.90 / SF |
| Net Initial Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 2,886 SF |
| Total Land Area | 0.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 11 New St, Basingstoke RG21 7DF | Retail | 925 SF | 1970 | - |
| 7-7B New St, Basingstoke RG21 7DE | Retail | 1,737 SF | 1935 | - |
| 9 New St, Basingstoke RG21 7DE | Retail | 224 SF | 1978 | - |
| 9A New St, Basingstoke RG21 7DE | Retail | - | 1979 | - |
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