CITY CENTRE INVESTMENT FOR SALE, PROMINENTLY LOCATED BUSINESS PREMISES (Occupier Business Unaffected)
CITY CENTRE INVESTMENT FOR SALE
PROMINENTLY LOCATED BUSINESS PREMISES
(Occupier Business Unaffected)
81c High Street, Winchester, Hampshire, SO23 9AP
- 10 year lease term from 20 January 2017
- £30,000 per annum exclusive rental income to 2027
- Close proximity to Hampshire County Council, opposite law courts
- Established tenant business, not affected by sale
- Timber Windows (Southern) Ltd
- Grade II Listed premises
- Net Initial Yield approximately 6%
(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|
Interested parties are advised to contact the Rating Authority, Winchester City Council 01962 840222.
An Energy Performance Certificate has been undertaken and is available on request. On the Rating Scale from A to G, the Rating is C.
The premises are fully let on the remainder of a 10 year term to Timber Windows (Southern) Ltd at a rent of £30,000 per annum exclusive. There is a reclaimable service charge relating to common expenditures within the block of four ground floor business premises with unconnected residential apartments above.
The tenant occupier business is not affected by the sale.
The investment is available for sale on the basis of a new 999 year lease at peppercorn rent.
Strictly by appointment with: Glanfield Holmlund, Telephone: 01420 544117 or Email: firstname.lastname@example.org