Royal Exchange, 22 London Street, Basingstoke, RG21 7NY

The Royal Exchange occupies a corner plot and spans three levels, with a self-contained owner's accommodation on the second floor.

Currently functioning as a hospitality venue with private living quarters, it includes an open-plan bar, a small kitchen, storage, and WCs on the ground floor. The first floor hosts a bar and late-night venue, a bar-servery, and additional WCs. The business operates as a late-night venue and for venue hire, with both floors capable of being separated and operating independently, allowing it to function as two venues if needed. The business is wet-led with scope to develop a food trade using the existing commercial kitchen. The domestic accommodation is spacious and ideally suited to owner-operators or management accommodation.

This property presents a versatile and appealing investment opportunity, suiting a range of buyers including owner-operators, those looking to tenant the pub, and investors. It has been under the same ownership for over 17 years and is Grade II Listed.



The Royal Exchange Website
GIA: 4,785 sq ft (444.5 sq m)
Site Size: 0.115 acres (0.046 hectares)

The Royal Exchange, situated at 22 London Street in the heart of Basingstoke, occupies a highly prominent town centre position at the eastern end of the pedestrianised London Street, at the junction of May Place, less than 100 yards from Central Car Park. The property boasts a rich history dating back to 1865.

The large town of Basingstoke, is 50 miles south-west of London, 20 miles south of Reading, and 21 miles north-east of Winchester.

Basingstoke offers a variety of shopping and dining options, with the main shopping centre just a short walk away. Conveniently located near the M3 motorway, Basingstoke also provides frequent train services to London Waterloo and local bus routes. It is well-connected to nearby towns and cities, such as Reading (approximately 20 miles via the A33), Winchester (about 22 miles via the M3), Newbury (around 16 miles via the A339), and Fleet (roughly 13 miles via the M3 and A287), making it a convenient location for both residents and visitors.

Access can be found at the front of the building with a second entrance to the right hand side offering split access to the first floor with internal door that can be secured to separate the function areas.

The large bar area at the rear has space for live entertainment and has recently been rented out for private hire.

From the right-hand side of the bar, there is access to the manager's office, toilets, and storage area, as well as a small commercial kitchen that is currently not in use.

On the first floor, there is a second bar area with booth seating, which can be separated from the ground floor. This level also features a second set of toilets.

To the right-hand side of the bar, there is a small hallway providing access to the second floor, as well as a small storage area with a pot wash.

All in situ trade fixtures and fittings are included in the freehold purchase price, except for certain third-party items and personal belongings. An inventory can be provided upon request.

An external seating area at the front of the property offers an additional 20 covers.

Private access from the first floor leads to the self-contained owner's accommodation, which includes two bedrooms, a separate residential kitchen, a domestic kitchen, and a spacious lounge.

No staff are to transfer under TUPE

No trading information will be made available.

Sunday - Monday - Closed
Friday - 21:00 - 04:00
Saturday - 21:00 - 04:00

Freehold with vacant possession.

The Rateable Value as per the April 2023 Ratings List is £17,500. Confirmation of actual Rates payable should be sought from the Local Authority.

Premises Licence. Any prospective purchaser must have a Personal Licence and apply for transfer of Premises Licence at their own expense.

Sale by Retail of Alcohol:

Friday to Saturday - 10:00 - 04:00
Monday to Thursday - 10:00 - 02:00
Sunday - 11:00 - 02:00