Retail premises for sale in 1 Station Terrace, Shawford, Winchester, Hampshire SO21

Description

The property is a semi-detached building located within the popular village of Shawford, just outside Winchester, the property is conveniently located off the main road and within close proximity to Shawford train station, which is a popular commuter station with easy access onto the Waterloo line. There is circa 4 parking spaces to the rear of the property that are currently demised to the shop.

The property is currently split into two separate units with the basement, ground and a small area of the first floor being used as commercial space and the majority of the first floor being a one-bedroom residential flat. The ground floor is let to a local specialist bike sales, rental, and repair shop.

Accommodation

Commercial - 126 sq.m
Residential - 53 sq.m

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - Commercial E (109)
Residential D (64)

Rating

Rateable Value - £13,965

Source The 2024/2025 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

Offers considered in the region of £375,000 subject to the existing tenancies.

Commercial
The property is let by way of a lease dated 29th June 2021 for a term of 5 years at a passing rent of £12,686 per annum, expiring 28th June 2026.
The tenant is 'The Cycle Company Limited'.
There is a small first floor office area let on a flexible lease for the sum of £1,062 per annum.

Residential
The uppers comprise a 1 bedroom flat let on a periodic tenancy that commenced on 22nd February 2023 at a passing rent of £9,300