St Pauls Court 80-81 High St Local commercial 381 m² 100 % Loué À vendre Winchester SO23 9AP 374 644 € (983,57 €/m²)

The property comprises a rarely available retail investment opportunity in the heart of Winchester. Arranged as a ground floor retail unit with associated upper parts, the property is let to Timber Windows (Southern) Limited on a 10 year lease, with no breaks, expiring 31.05.2033 and paying £30,000 per annum. The sale also includes several adjacent retail and units within the freehold title. The retail units are all sold on a 999 year long leasehold basis at a peppercorn rent. The residential units, known as St Pauls Court are sold of on a 125 year lease with approx. 87 years unexpired at a ground rent of £700 per annum. The total annual rent receivable is therefore £30,700 per annum. The property occupies a prominent pitch on the High Street in Winchester; a popular and affluent town. The street features a mix of national and boutique occupiers including Cote Brasserie and Waterstones.