Cryptic crossword clue
Proceed inside frightful haunt, familiar place 4-3

The most common and most likely answer to this crossword clue is the 8 letter word HANG-OUT

I've seen this crossword clue in Independent
H
A
N
G
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O
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T

Buddy explains!

The straight part
We know that "familiar place" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case familiar place = hang-out.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

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