Retail premises to let in High Street, Winchester SO23

From £46,000 pa (£85.17/sq. ft. pa)
Retail premises to let From 681 - 2,094 sq. ft*
Interested in this property? Call +44 23 8210 9191 * or Request Details

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Property features

  • Prominent High Street location
  • Close to pedestrianised area
  • Junction of High Street with Jewry Street & Southgate Street
  • Close to Barclays & hsbc Banks
  • Close to Restaurants, estate agents & various national and regional retailers
  • Planning permissoin for beauticians
  • Ground floor shop & basement
  • 1st & 2nd floor offices which can be occupied separately or together with G/F
  • 2nd floor income producing 2 bed flat to subsidise rent payable

Property description

Location

The property is located in a prominent position on the southern side of The High Street in the heart of Winchester city centre. The affluent Cathedral city and County Town of Winchester is also the base for Winchester City Council. Together with many tourists, Winchester University brings many visitors to the city. Winchester is also an important and popular business centre.

The property is located in a very prominent position at the junction of Jewry Street and Southgate Street, being the principal cross roads in the city centre. The property is in a favoured location for retailers, estate agents, banks and restaurants/wine bars. Neighbouring occupiers include Boots Opticians, Waterstones, hsbc, Barclays Bank, Rawlings Opticians, Moss Menswear, The Ivy, Cote ask & Zizzi Restaurants.

Description

The property comprises a ground floor shop previously used with planning permission as a beauticians together with 2 floors above, suitable for single or separate occupation. The first floor provides office/anciallry accommodation with the second floor either as offices or as a 2 bedroom flat.

Accommodation Summary

The accommodation has been measured on a net internal area basis, as follows:-


Ground floor


Shop
Sales Area 63.26 m2 681 ft2
Rear Office/staff room
partitioned into 2 areas 24.8 m2 267 ft2

WC

first floor


4 Offices 54.8 m2 590 ft2

WC

second floor


4 Offices or 2 bedroom flat 51.65 m2 556 ft2
Bathroom


Basement


Useable Storage 28.33 m2 305 ft2

The ground floor is arranged with 2 separate entrances from the High Street. If the property is to be used in single occupation it is possible for the ground floor sales area to be enlarged by the removal of the entrance corridor which currently provides access to the upper floors such that this corridor can be incorporated into the sales area of the ground floor shop.

Business Rates

The voa has assessed the shop on the 2017 Rating list rating list with a Rateable Value of £60,000.

The flat is separately assessed for council tax at Band B

Energy Performance Certificate

The property has an energy performance asset rating of 74 (band C). A copy of the certificate is available for inspection.

Lease Term

The property is available to let as a whole on a new full repairing and insuring lease for a term to be agreed. The second floor flat is let on an assured Shorthold tenancy as set out below and a letting of the whole property will be subject to the income and terms of the flat tenancy.

Rent

£58,000 per annum exclusive of VAT and business rates. The rent is will be subject to regular review at intervals to be agreed.

VAT is not currently charged on the rent.

A tenant will benefit from the income received from the tenancy of the flat such that the net rent payable will effectively reduce to £46,000 pa

Flat - Sublease

The second floor flat is let on an assured Shorthold tenancy at a rent of £1,000 pcm. Full details are available

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Property info

  • Unfurnished

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

Arrange Viewing

For more information about this property, please contact
Pullen Associates, SO40 on +44 23 8210 9191 * (local rate)

Contact Pullen Associates about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pullen Associates, and do not constitute property particulars. Please contact Pullen Associates 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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