CITY CENTRE INVESTMENT FOR SALE

PROMINENTLY LOCATED BUSINESS PREMISES

(Occupier Business Unaffected)

• 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

Location

• Close proximity to Hampshire County Council, opposite law courts

Accommodation

• Grade II Listed premises

Terms

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

Specification

Rates

Interested parties are advised to contact the Rating Authority, Winchester City Council 01962 840222.

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.

Accommodation Grid