CITY CENTRE INVESTMENT FOR SALE, PROMINENTLY LOCATED BUSINESS PREMISES (Occupier Business Unaffected)

print property particulars

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 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%

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 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.

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

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.