Prime Basingstoke Restaurant With Extensive Dining Capacity For Sale

Basingstoke, Hampshire, UK

Asking Price:: On request

Turnover:: On request

Net Profit:: On request

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This substantial restaurant presents an attractive opportunity for experienced restaurateurs, established hospitality groups and independent operators seeking a fully fitted, trading venue within Festival Place, Basingstoke.
Occupying a prime position in Festival Square, the restaurant offers generous internal dining accommodation complemented by additional outdoor seating. Its established restaurant layout, substantial customer capacity and prominent setting make it particularly appealing to operators looking to develop a distinctive dining destination within a major shopping and leisure environment.
Currently open and trading, the premises offer an incoming operator the opportunity to acquire a fully fitted restaurant setting with an existing leasehold interest. With offers invited and the lease benefiting from protection under the Landlord and Tenant Act 1954, this represents an appealing proposition for buyers seeking a substantial hospitality opportunity in Basingstoke.

Prime restaurant position in Festival Square, within Festival Place, Basingstoke.
Approximately 4,750 sq. ft. of accommodation across the ground and mezzanine floors.
Seating capacity for 165 customers internally and a further 24 externally.
Fully fitted restaurant, currently open and trading.
Leasehold interest expiring in September 2030.
Annual rent of £125,500, with protection under the Landlord and Tenant Act 1954.

Property Information

Property:: Leasehold

Lease Terms:: The restaurant is held on a leasehold basis, with the existing lease expiring in September 2030.
The passing rent is £125,500 per annum.
The lease is held inside the Landlord and Tenant Act 1954, providing statutory security of tenure, subject to the Act's provisions.
Further details regarding rent reviews and other lease conditions have not been provided.

Leasehold Rent:: £125,500 per annum per annum

Location:: The restaurant occupies a prime position in Festival Square, within Festival Place in Basingstoke, Hampshire.
Festival Place provides an established shopping and leisure environment, offering an attractive setting for a restaurant operator seeking a presence within a recognised town-centre destination.
The property's position in Festival Square provides opportunities to attract customers visiting the surrounding retail and leisure facilities.

Premises Details:: The property comprises approximately 4,750 sq. ft. of restaurant accommodation arranged over the ground and mezzanine floors.
The internal dining areas provide seating for approximately 165 customers, with additional external seating for 24 customers.
The total stated seating capacity is approximately 189 covers.
The premises are fully fitted as a restaurant, providing an existing hospitality environment for an incoming operator.
The restaurant is currently open and trading.

Size in square feet:: Approximately 4,750 sq. ft. across the ground and mezzanine floors.

Business Operation

Expansion Potential:: The property's substantial accommodation, existing restaurant infrastructure and location within Festival Place provide opportunities for an incoming operator to develop or reposition the current dining offering.
The combination of internal and external seating could support a range of restaurant formats, including casual dining, family-oriented hospitality or a branded restaurant concept.
The premises may appeal to an established restaurant group seeking an additional location or an independent operator looking to introduce a new dining concept within Basingstoke.
The existing fit-out provides a foundation for an incoming operator, depending on their proposed restaurant format and operational requirements.
Any changes to the existing operation would be subject to the necessary consents and lease provisions.