Description
The subject property is found in a prime trading position on Winchester's pedestrianised High Street, near to well-established businesses including ASK Italian, Waterstones, Russell & Bromley, The Ivy, Moss Bros, Lloyds Bank, Seasalt Cornwall and Jigsaw.
Winchester is a popular, vibrant and affluent City with a thriving and busy centre thanks to its significant residential, student and tourist demographic. The nearby Cathedral attracts visitors year-round, while the High Street is often abuzz thanks to its blend of retail, hospitality and service sector businesses including many independent boutiques and attractions, plus regional and national brands.
A mid-terrace, double-fronted building of brick elevations under a part-pitched roof, with a centre-recessed traditional glazed frontage that provides excellent levels of natural light to the ground floor which itself is contemporary in style, air-conditioned and comprises open-plan retail space along with access via the rear of the property. Internal stairs lead up to first, second and third floors (the former two having box bay windows), which could serve as additional retail space, offices or storage and there are staff areas with a kitchen and a couple of WCs.
A mid-terrace, double-fronted building of brick elevations under a part-pitched roof, with a centre-recessed traditional glazed frontage that provides excellent levels of natural light to the ground floor which itself is contemporary in style, air-conditioned and comprises open-plan retail space along with access via the rear of the property. Internal stairs lead up to first, second and third floors (the former two having box bay windows), which could serve as additional retail space, offices or storage and there are staff areas with a kitchen and a couple of WCs.
ACCOMMODATION
We have identified an approximate net internal area of 1,536 sq ft / 142.6 sq m over four floors, with a net sales area of 668 sq ft.
TENURE
Available to let on a new FRI lease on terms to be agreed, at a guide rent of £67,500 plus VAT, exclusive of any buildings insurance premium, business rates, utilities and other costs, as appropriate.
EPC RATING
Rated E (107) under certificate reference 0260-5912-0358-8340-1060.
RATEABLE VALUE
Online enquiry via www.voa.gov.uk indicates a rateable value of £28,250, effective from 1st April 2023, suggesting rates payable of c. £14,000 pa. The government is providing a further 75% relief to Retail, Hospitality, Leisure businesses until April 2025. For further information on business rates, interested parties should always contact the relevant Local Authority.
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. The building is elected for VAT purposes.
VIEWINGS
All enquiries and appointments to view must be made via contacting the joint sole agents, through whom all negotiations will take place:
Trinity Rose Commercial - Jon Baud on 01962 888900, 07970 596 301 or j.baud@trinity-rose.co.uk
Jaggard Macland - Carrie Johnson on 01494 677755, 07896 555844 or cj@jaggardmacland.co.uk
The subject property is found in a prime trading position on Winchester's pedestrianised High Street, near to well-established businesses including ASK Italian, Waterstones, Russell & Bromley, The Ivy, Moss Bros, Lloyds Bank, Seasalt Cornwall and Jigsaw.
Winchester is a popular, vibrant and affluent City with a thriving and busy centre thanks to its significant residential, student and tourist demographic. The nearby Cathedral attracts visitors year-round, while the High Street is often abuzz thanks to its blend of retail, hospitality and service sector businesses including many independent boutiques and attractions, plus regional and national brands.
