CITY CENTRE FREEHOLD INVESTMENT FOR SALE, PARADE OF FULLY LET RETAIL UNITS

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Overview

ID: #2279
Type: Investment
Contract: Freehold
Location: Winchester

CITY CENTRE FREEHOLD INVESTMENT FOR SALE

PARADE OF FULLY LET RETAIL UNITS

80/81 High Street, Winchester, Hampshire, SO23 9AP

 

 

  • Part of Grade II Listed premises
  • Prominent, High Street location
  • Opposite Law Courts
  • Neighbouring Hampshire Constabulary and Hampshire County Council Offices
  • Four separate retail units with residential ground rents from upper floors
  • Upper floor flats previously sold separately (known as St Pauls Court)
  • Total rental income of £109,200 per annum
  • Close proximity to mainline railway station (London Waterloo 1 hour)

Accommodation

UNIT TENANT LEASE COMMENTS CURRENT RENT
A John King Ltd

(Mail Boxes)

25/12/2011 – 24/12/2021 Outstanding rent review December 2016 £27,500
B CA Thompson

t/a Anokhi

25/12/2016 – 24/12/2021 Tenant break December 2019 £23,500
C Timber Windows

(Southern) Ltd

20/01/2017 – 20/01/2027 Tenant break January 2022

Rent review 20 January 2022

£30,000
D Brides of Winchester 31/01/2013 – 31/01/2023 Rent review 31 January 2020 £27,500
St Pauls Court Ground Rents £700

TOTAL RENT

£109,200



 

Rates

Interested parties are advised to make their own enquiries of the Rating Authority, Winchester City Council 01962 840222.

EPC

Energy Performance Certification (EPC) has been undertaken and is available on request.  On the rating scale of A-G, the rating for Unit A is C69, Unit B is D89, Unit C is C66 and Unit D is D84.

Terms

The Freehold is offered for sale at a price guide to reflect the net initial yield of circa 6% based on the total rent of £109,200 per annum.  Further details on application.

Viewing

Discretion is requested with regards to the existing tenant businesses.

Strictly by appointment through Sole Agents:-

Glanfield Holmlund

email: glanfield.holmlund@talk21.com

tel: 01420 544117

Map

Map available on request
Misrepresentation act 1967: Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. The areas quoted are approximate.
Finance act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lesees must satisfy themselves as to the incidence of VAT in respect to any transaction.