80-81 High Street, Winchester, Winchester
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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
- Affluent and Popular Location
- Investment Let at £30,700 p.a. (9.59% GIY on Guide Price)
Description
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 of £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.
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.
80-81 High Street, Winchester, Winchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Winchester Station0.3 miles
- Shawford Station2.9 miles
Notes
Disclaimer - Property reference 77E52EA7-1BC3-48B2-A5A1-BB0C936A122C. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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