Cranbourne Ln 3,011 SF 100% Leased Retail Building Basingstoke RG21 3NY $1,353,015 ($449.36/SF)

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.