Office for sale in Winnall Close, Winchester SO23

Offers over £1,825,000 (£62.53/sq. ft)
29,185 sq. ft*
Interested in this property? Call +44 23 8210 9189 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

The property, comprising 10,563 sq ft and on a site of 0.67 acres, is strategically located to the north east of Winchester City Centre with excellent access to the M3. The site is ideal for investors, developers and owner occupiers.

The Cavendish Centre comprises 34 fully refurbished serviced office units arranged over ground and first floor.

The building is of steel frame construction with metal cladding and UPVC double glazed windows beneath a flat roof. The offices benefit from central heating, under floor heating and partial air conditioning. There are 65 car parking spaces equating to a ratio of 1:162.

The premises offer the potential for conversion to residential subject to securing pd consent. Alternatively, the site could be redeveloped for residential student accommodation or offices subject to securing planning consent. Immediately in front of the site is a two storey property known as Balfour House which is a student housing scheme completed in 2015 and entirely let to the University of Winchester. A further student scheme has recently been completed on Moorside Road which is very close by. To the rear of the site are four 7 storey residential blocks.

We are instructed to seek offers in excess of £1,825,000 (One Million Eight Hundred and Twenty-Five Thousand Pounds), which reflects a niy pf 7.71% and a reversionary yield of 9.1% on letting of the vacant space based on purchaser’s costs of 6.22%, subject to contract. This reflects a low capital value of £172 psf overall.

Property info

Nearby transport

  • Winchester (1.0 mile)
  • Shawford (3.5 miles)
  • Chandlers Ford (7.0 miles)
  • Southampton Airport (8.5 miles)
  • Bournemouth Airport (31.0 miles)
  • London Heathrow Airport (46.0 miles)
  • Southampton Vehicle Ferry Terminal (12.8 miles)
  • Southampton Passenger Ferry Terminal (12.9 miles)
  • Hythe (Hants) Ferry Terminal (14.3 miles)

Nearby schools

View all schools in Winchester
  • Winnall Primary School (0.3 miles)
  • St Bede Church of England Primary School (0.7 miles)
  • All Saints Church of England Primary School (0.8 miles)
  • Winchester College (0.9 miles)
  • Newbury Hall School (22.8 miles)
  • Engaging Potential (SEN) (23.4 miles)
  • St Swithun's School (0.5 miles)
  • Osborne School (SEN) (0.9 miles)
  • The Pilgrims School (0.9 miles)
Note: Distance is shown as a straight line measurement

Local info for Winchester

About the neighbours in SO23

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Realest, SO53 on +44 23 8210 9189 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Realest, and do not constitute property particulars. Please contact Realest for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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