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Sold
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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.
Tenure
Freehold
Rent
Notes
We understand the property is elected for VAT.