Office to let in Southgate Street, Winchester SO23

Location

The property is located in a prominent location on Southgate Street, in the heart of Winchester City Centre. Southgate Street connects to J11 M3 in the principal business district of the city where other office occupiers include barristers, architects, stockbrokers and other professional businesses and is close to Winchester Law Courts, The High Street and the HQ of Hampshire County Council. There is therefore good access to the shops restaurants and car parks of the city centre.
Winchester railway station is within a short walking distance with regular services to London Waterloo (1 hour) Southampton (10 mins) and Basingstoke (15 mins).

Description

The property comprises a modern office building which has been extensively refurbished a few years ago including a new lift. New windows have just been installed. The open plan offices on the 1st & 3rd floors provide modern air-conditioned accommodation with LED lighting, carpeting and some partitioned meeting rooms. Car parking spaces are provided, situated to the rear of the property, accessed from St Swithuns Street.

Accommodation Summary

The accommodation has been measured on the basis of International Property Measurement Standard (ipms 3), as follows:-

First Floor Offices 195.84 m2 2,108 ft2
3 car parking spaces

Third Floor Offices 168.34 m2 1,812 ft2
2 car parking spaces

total floor area 364.18 m2 3,920 ft2

Business Rates

The voa have assessed the offices on the Rating list with the following Rateable Values
First Floor 2017 - £32,250 | 2023 - £41,000
Third Floor 2017 - £26,500 | 2023 - £33,250

Energy Performance Certificate

The offices have an energy performance asset rating of

First Floor - 44 (band B)
Third Floor – 57 (band C)

Copies of the certificates are available for inspection.

Lease Terms

The two floors are available to let separately or together, on a new full repairing and insuring lease for a term to be agreed subject to upward only rent reviews.
There will be a service charge in respect of the maintenance and management of the common parts of the building.

Rent

First Floor £49,500 pa.
Third Floor £42,500 pa

Rents are quoted excl of VAT rates and any other outgoings.

Legal Costs

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