22 London Street, Basingstoke, RG21 7NY

Description
The property comprises two distinct connected buildings occupying a prominent end/corner terrace position. The property facing London Street is three storeys above street level with painted and rendered elevations under a pitched roof. On the long return frontage to May Place is a connected two-storey exposed brick facade property under a pitched roof.

Internal Accommodation
The property currently trades as a hospitality venue with private living accommodation. The ground floor comprises and open plan bar with small kitchen , storage and WCs. At first floor level is a bar and late night venue (maximum floor to ceiling height 3.7m) with bar-servery and WCs.

Living Accommodation
Private living accommodation is located on the second floor and provides two-bedrooms, reception, kitchen and bathroom.

External Areas
Located to the front at street level is an external trade terrace.

The Business
The property currently operates as the Royal Exchange on the ground floor, with Harry’s Bar, a late night venue trading on the first floor. Our clients are seeking to retire after 17 years as owners and operators. The sale will be with vacant possession upon completion.

Tenure & Price
Freehold. The property is for sale freehold with vacant possession. The guide price is £995,000 and VAT will be applicable.

Business Rates & Services
The 2023 Rateable Value is £17,500. This is not the rates payable (the small business multiplier is 49.9p/£). We understand all mains services are connected.

Planning & Conservation
Parts of the two rear properties are Grade II listed which will be pertinent to the property for sale. We understand the established planning use is Sui Generis (public house) with C3 (residential upper) under the Town and Country Planning (Use Classes) Order 1987 (as amended). We do recommend parties make their own enquiries.

Licensing
The property has been granted a Premises Licence in accordance with the Licensing Act 2003. The premises is permitted to sell alcohol under the following hours:
Friday to Saturday - 10:00 - 04:00
Monday to Thursday - 10:00 - 02:00
Sunday - 11:00 - 02:00

Fixtures & Fittings
All fixtures and fittings owned outright are included as part of the sale price. Stock may be acquired in addition upon completion (if needed).

Energy Performance Rating
The EPC is pending.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewing
All viewings must be arranged strictly by appointment with the sole agents Savills. Please do not approach the business directly.