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23-23A Southgate St 2,150 sq ft 100% Let Retail Property Winchester SO23 9EB £700,000 (£325.58/sq ft)
INVESTMENT HIGHLIGHTS
- City centre location.
- Period features.
- Opportunity for residential conversion STP.
- Close proximity to High Street.
- Rear walled courtyard garden.
EXECUTIVE SUMMARY
The premises comprises two units. 23 Southgate Street is a Grade II Listed former retail/office property within Use Class E and is arranged over lower ground, ground, first and second floors with a courtyard garden to the rear. This unit is currently offered with vacant possession. Please note this property is subject to subsidence. 23A Southgate Street is a ground floor lock up retail unit arranged over ground and lower ground floors. This unit is currently let on lease for a term of 5 years with the lease expiry date on 14 September 2026. The passing rent under the lease is £13,250 per annum. The freehold of this investment opportunity is available for the guide price of £700,000.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,150 sq ft
Costar Property Class
B
Year Built
1902
Price
£700,000
Price per sq ft
£325.58
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.25
Total Plot Size
0.20 ac
Frontage
10 ft on Southgate Street
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Vintage Hound Ltd
- -
- 313 sq ft
- -
- Apr 2019
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Vintage Hound Ltd | - | 313 sq ft | - | Apr 2019 |
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NEARBY MAJOR RETAILERS
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23-23A Southgate St
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