Retail premises for sale

Key Points

Site includes vacant retail & stores with scope to convert to residential (STPP)

Busy roadside location on Aldermaston Road (A340)

Includes 4-bedroom semi-detached cottage with garden and outbuilding (let on AST)

Site area 0.4 Acres (0.16 Hectares)

No VAT

Description

The premises comprise a rare opportunity to acquire a substantial mixed commercial and residential property and site with residential development potential. Prospect House comprises a 4-bedroom semi-detached cottage, together with a kitchen, study / dining room and lounge area, garden plus outbuilding / annex. The ownership also includes a ground floor retail / Use Class E unit, historically trading as The Old Bakery, and more recently a residential lettings and management agency/coffee shop. The property is arranged as multiple inter-connecting ground floor rooms with part first floor mezzanine storage. There is an internal WC and kitchenette. There are various outbuildings behind which have been used for storage/workshop. The subject property comprises a development plot on the Western boundary overlooking fields.

Planning

Permission has been approved for the erection of 1 detached cottage, following the demolition of rear extension and various outbuildings. Reference: 21/03846/ful. Decision date: 17th October 2022.

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 is situated on the west side of the Aldermaston Road (A340) within the village of Sherborne St John and historically known as Dixons Corner. The premises are easily accessible to Basingstoke by the A340 and the Ringway, which provides easy connections to Junction 6 of the M3 motorway approx. 5 miles. The Ringway provides direct access onto the A33 Reading Road providing direct links into Reading and the M4 (Junction 11) approx. 5 miles.