Retail premises for sale in Southgate Street, Winchester, Hampshire SO23

Retail shop For Sale or To Let - attractive and very well-presented end of terrace two storey property on Southgate Street in central Winchester.

An extremely well-presented end of terrace, two storey commercial property with a part-pitched slate roof. Internally the unit is contemporary and bright throughout, with solid wood flooring and ceiling spotlighting, along with a full-width glazed frontage. The ground floor presently comprises open-plan retail space with serving counter to the rear and changing area beneath the stairs. A wide staircase leads upstairs to further open-plan retail space, a WC and a small store area.

Situation

The subject building is found in a central trading location, almost on the junction of Southgate Street and the High Street in the historic City of Winchester, near to businesses such as Two Hands, Eyesite Opticians, The Exchange, Hotel du Vin, Searle & Taylor Kitchens, Anita’s Kitchen and o’Neills, as well as variety of hair and beauty salons.

Winchester is a popular, vibrant and affluent City with a thriving and busy centre thanks to its significant residential, student and tourist demographic. The nearby Cathedral attracts visitors year-round, while the High Street is often abuzz thanks to its blend of retail, hospitality and service sector businesses including many independent boutiques and attractions, plus regional and national brands.

Accommodation

We have identified an approximate net internal area of 665 sq ft / 61.8 sq m. The ground floor extends to 392 sq ft with the first floor being 273 sq ft.

Tenure

We are instructed to sell the freehold interest at £400,000 subject to contract, with vacant possession to be provided at completion. Alternatively, the shop is available to lease on terms to be agreed at a quoting rent of £25,000 pax.

EPC rating

Rated D (85) valid until 3rd December 2034.

Rateable value

Online enquiry via indicates a rateable value of £22,750, effective from 1st April 2023, suggesting rates payable of c. £11,350 pa.

The government is currently providing 75% business rates relief to the Retail, Hospitality and Leisure sector until April 2025, which is reducing to 40% thereafter. For further information on business rates, interested parties should always contact the relevant Local Authority.

Legal costs and VAT

Each party is expected to bear their own legal costs in this transaction.

The building is not elected for VAT purposes.

Viewings

No approaches to the current occupiers are permitted.

For all enquiries and appointments to view the property, please contact the sole agent, Trinity Rose Commercial, through whom all negotiations will take place, on or by email at .