2 July 2025: Wednesday 02 July 2025 - 9:00am
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    Key features

    • Rare Retail Investment Opportunity
    • Let to Timber Windows (Southern) Limited
    • 10 Year Lease (No Breaks) Expiring 31.05.2033
    • Lease Renewed in 2023
    • Sale Includes Adjacent Units and Residential Ground Rent (sold off long leasehold)
    • Affluent and Popular Location
    • Investment Let at £30,700 p.a. (9.59% GIY on Guide Price)

    Description

    The property comprises a rarely available retail investment opportunity in the heart of Winchester.

    Arranged as a ground floor retail unit with associated upper parts, the property is let to Timber Windows (Southern) Limited on a 10 year lease, with no breaks, expiring 31.05.2033 and paying £30,000 per annum.

    The sale also includes several adjacent retail and units within the freehold title. The retail units are all sold on a 999 year long leasehold basis at a peppercorn rent. The residential units, known as St Pauls Court are sold of on a 125 year lease with approx. 87 years unexpired at a ground rent off £700 per annum.

    The total annual rent receivable is therefore £30,700 per annum.

    The property occupies a prominent pitch on the High Street in Winchester; a popular and affluent town. The street features a mix of national and boutique occupiers including Cote Brasserie and Waterstones.

    Additional information

    Tenure

    Freehold

    Rent

    £30,700 per annum

    Notes

    We understand the property is elected for VAT.

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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