CITY CENTRE INVESTMENT FOR SALE, PROMINENTLY LOCATED BUSINESS PREMISES (Occupier Business Unaffected)
Overview
| ID: | #4050 |
|---|---|
| Type: | Investment |
| Location: | Winchester |
| Area: | 761sq ft |
CITY CENTRE INVESTMENT FOR SALE
PROMINENTLY LOCATED BUSINESS PREMISES
(Occupier Business Unaffected)
81c High Street, Winchester, Hampshire, SO23 9AP
- 10 year term certain from 1 June 2023
- No break clause options
- £30,000 per annum exclusive rental income to 2033
- Close proximity to Hampshire County Council, opposite law courts
- Established tenant business, not affected by sale
- Timber Windows (Southern) Ltd
- Grade II Listed premises
Accommodation
(Measurements taken in accordance with RICS Code of Measuring Practice)
| Frontage | 17 ft 6 in | 5.33 m |
| Internal Width (max) | 17 ft 2 in | 5.23 m |
| Shop Depth | 41 ft 4 in | 12.6 m |
| Sales Area | 696 sq ft | 64.66 sq m |
| Staff Room | 65 sq ft | 6.07 sq m |
| 761 sq ft | 71.73 sq m |
Rates
Interested parties are advised to contact the Rating Authority, Winchester City Council 01962 840222.
EPC
An Energy Performance Certificate has been undertaken and is available on request. On the Rating Scale from A to G, the Rating is C.
Lease
The premises are let to Timber Windows (Southern) Ltd for a term of 10 years from 1 June 2023. The rent in Year 1 is £28,000 per annum exclusive rising to £29,000 in year 2 and £30,000 pax thereafter, subject to 5 yearly review. The vendor will effectively underwrite the rent at £30,000 pax from day one.
There is a reclaimable service charge relating to common expenditures within the block of four ground floor business premises with unconnected residential apartments above.
Note
The tenant occupier business is not affected by the sale.
Terms
The investment is available for sale on the basis of a new 999 year lease at peppercorn rent.
Viewing
Strictly by appointment with: Glanfield Holmlund, Telephone: 01420 544117 or Email: glanfield.holmlund@talk21.com
