Retail premises for sale

High Street, Winchester SO23

10 year term certain from 1 June 2023
No break clause options
£30,000 per annum exclusive rental income to 2033
Close proximity to Hampshire County Council, opposite law courts
Established tenant business, not affected by sale
Timber Windows (Southern) Ltd
Grade II Listed premises

Accommodation
(Measurements taken in accordance with RICS Code of Measuring Practice)

Frontage 17 ft 6 in 5.33 m
Internal Width (max) 17 ft 2 in 5.23 m
Shop Depth 41 ft 4 in 12.6 m
Sales Area 696 sq ft 64.66 sq m
Staff Room 65 sq ft 6.07 sq m
Total 761 sq ft 71.73 sq m

Rates
Interested parties are advised to contact the Rating Authority, Winchester City Council .
EPC

An Energy Performance Certificate has been undertaken and is available on request. On the Rating Scale from A to G, the Rating is C.

Lease
The premises are let to Timber Windows (Southern) Ltd for a term of 10 years from 1 June 2023. The rent in Year 1 is £28,000 per annum exclusive rising to £29,000 in year 2 and £30,000 pax thereafter, subject to 5 yearly review. The vendor will effectively underwrite the rent at £30,000 pax from day one.

There is a reclaimable service charge relating to common expenditures within the block of four ground floor business premises with unconnected residential apartments above.

Note
The tenant occupier business is not affected by the sale.

Terms
The investment is available for sale on the basis of a new 999 year lease at peppercorn rent.

Viewing
Strictly by appointment with: Glanfield Holmlund