Retail premises for sale in Stockbridge Road, Winchester SO23

Key Points

Description

The commercial element of the property is tenanted by Rost, a coffee shop and café that has a lease on the unit running until the 30th June 2030. Presently, commercial element generates annual rent of £9,600 per annum.

As of July 2023,3 bedrooms are rented out each on 12-month AST agreements . The residential part of the property has historically had 4 rooms rented per year, but this year a misunderstanding in rental instructions resulted in only 3 bedrooms being let. The residential element of the property is typically rented out at £500 x 4 bedrooms, and as of June 2024, the maximum capacity can be let. The current accumulative rent per annum for the residential element is £18,000 per annum, however the full erv is £24,000 per annum.

Location

The subject unit is based on Stockbridge Road in Winchester and is located adjacent to the railway station and 0.4 miles from Winchester City Centre. The property benefits from excellent footfall being within 5 minutes’ walk of Peter Symonds Sixth Form College and Westgate Secondary School. The street benefits from a range of specialist retailers providing a diverse retailing environment that is popular with commercial tenants seeking a central yet affordable trading location.

The main line railway station is under 5 minutes walk away and offers a frequent services to London Waterloo, taking approximately 1 hour. Winchester city centre is also close by and offers a wide variety of shops, hotels and restaurants within a few minutes’ walk. Rapid access to the M25 and M27 is afforded via the M3 which lies immediately to the east of Winchester.