Cranbourne Ln - Storefront Retail/Residential FOR SALE


Basingstoke, HAM RG21 3NY
$1,000,000 USD
125-623-6466
Cranbourne Ln, Basingstoke, HAM for Sale
$1,000,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

Cranbourne Ln
Basingstoke, HAM RG21 3NY


HIGHLIGHTS

  • Sizeable frontage
  • Prime retail location
  • Mixed-use asset

OVERVIEW

Prime investment opportunity to purchase the freehold interest in this mixed retail and residential property on Cranbourne Lane, Basingstoke. Shops 1 – 3 Let to a franchisee operating as Nisa on a new (July 2024) 10 year effective full repairing and insuring lease, with a tenant only break clause 26th September 2028, the lease is drafted within the LL and T act. Shop 4 Let to an independent hairdresser on an effective full repairing and insuring basis, on a 10 year lease, to expire 30th March 2025. Drafted outside the LL & T act. Negotiations for a lease extension are ongoing. Shop 5 Let to an independent beautician on a 5 year lease, from 8th March 2021 on an effective full repairing and insuring basis. Total income for the commercial units total £37,600 per annum. The income for the 3-bedroom maisonettes total £50,340 per annum.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,847 SF

ZONING

-

APN/PARCEL ID

HP47510,HP759950,HP780987

ASK ABOUT THIS PROPERTY

Mitchell BrooksKempton Carr CroftMore Info
125-623-6466

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Mitchell BrooksKempton Carr CroftMore Info
125-623-6466

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.