De Lunn Buildings Jewry Street Winchester Hampshire SO23 8SA

  • De Lunn Buildings<br>Jewry Street<br>Winchester<br>Hampshire<br>SO23 8SA

De Lunn Buildings
Jewry Street
Winchester
Hampshire
SO23 8SA

Freehold Retail and Residential Investment

  • In the same ownership for over 100 years
  • Five shops with seven residential units above
  • Unbroken Parade
  • Asset Management Opportunities
  • VAT-free Investment
  • Substantial Property in Affluent and Historic Tourist City
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    10
  • Auction
    16th February 2017
  • Rent
    £128,260 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,070,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of St John's Charity
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Freehold Retail and Residential Investment

  • In the same ownership for over 100 years
  • Five shops with seven residential units above
  • Unbroken Parade
  • Asset Management Opportunities
  • VAT-free Investment
  • Substantial Property in Affluent and Historic Tourist City
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 10
  • Auction 16th February 2017
  • Rent £128,260 per Annum Exclusive
  • Status Sold
  • Price £2,070,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of St John's Charity

Property Information

Location
Miles
12 miles north of Southampton, 17 miles south of Basingstoke
Roads
A31, A34, A303, M3 (Junctions 9-11)
Rail
Winchester Railway Station
Air
Southampton Airport
Situation

The property is located on the eastern side of Jewry Street, which connects with St. George's Street to the south, and close to High Street, Winchester's principal retailing thoroughfare. Other occupiers on Jewry Street include Loch Fyne, Brasserie Blanc, Wagamama, Prezzo, JD Wetherspoon and Multiyork Furniture. Other retailers represented in Winchester City Centre include Marks & Spencer, Primark, Jack Wills, Joules, Cath Kidston, LK Bennett and Russell & Bromley. The subject property is located opposite the Public Library and Theatre Royal Winchester.

Tenure

Freehold.

Location
Miles
12 miles north of Southampton, 17 miles south of Basingstoke
Roads
A31, A34, A303, M3 (Junctions 9-11)
Rail
Winchester Railway Station
Air
Southampton Airport
Situation

The property is located on the eastern side of Jewry Street, which connects with St. George's Street to the south, and close to High Street, Winchester's principal retailing thoroughfare. Other occupiers on Jewry Street include Loch Fyne, Brasserie Blanc, Wagamama, Prezzo, JD Wetherspoon and Multiyork Furniture. Other retailers represented in Winchester City Centre include Marks & Spencer, Primark, Jack Wills, Joules, Cath Kidston, LK Bennett and Russell & Bromley. The subject property is located opposite the Public Library and Theatre Royal Winchester.

Tenure

Freehold.

Description

The property comprises an unbroken parade of five ground floor shops with seven residential units on the first and second floors, four of which are separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an unbroken parade of five ground floor shops with seven residential units on the first and second floors, four of which are separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
1 Ground
Basement		 Retail/Ancillary
Ancillary
40.17 sq m
27.00 sq m
(432 sq ft)
(291 sq ft)
 COMPUTER
SOLUTIONS
(WINCHESTER)
LIMITED with a
guarantee from
J. Dickens
(t/a Computer
Solutions)		 10 years
from
29/09/2011		 £14,220 29/09/2016
(outstanding)
(28/09/2021)
Flat 1A First Residential
(Two room flat)
-
(-)
 TWO
INDIVIDUALS		 AST for
1 year from
05/08/2016
at £750 pcm		 £9,000
(1)		 (04/08/2017)
Flat 1B Second Residential
(Two room flat)
-
(-)
 AN INDIVIDUAL AST for
1 year from
06/06/2016
at £750 pcm		 £9,000
(1)		 (05/06/2017)
2 Ground
Basement		 Retail/Ancillary
Ancillary
32.05 sq m (2)
29.00 sq m (2)
(345 sq ft) (2)
(312 sq ft) (2)
 THE CABINET
ROOMS
COLLECTION
LIMITED (3)		 10 years
from
29/09/2011		 £15,100 (28/09/2021)
Flat 2A First Residential
(Two room flat)
-
(-)
 TWO
INDIVIDUALS		 AST for 1
year from
30/08/2016
at £659.10
pcm		 £7,909.20
(1)		 (29/08/2017)
Flat 2B Second Residential
(Two room flat)
-
(-)
 AN INDIVIDUAL AST for
1 year from
02/09/2016
at £669.24
pcm		 £8,030.88
(1)		 (01/09/2017)
3 Ground
Basement
First/Second		 Retail/Ancillary
Ancillary
Residential
(Three room
former
maisonette)
40.84 sq m
40.25 sq m
-
(440 sq ft)
(433 sq ft)
(-)
 S. BARRETT AND
J. PARNELL
(t/a Sarah Barrett
Hairdresser)
(4)		 10 years
from
03/03/2016
(5)		 £25,000 03/03/2021
(02/03/2026)
(5)
4 Ground
Basement
First/Second		 Retail/Ancillary
Ancillary
Residential (Four
room maisonette)
46.03 sq m
23.57 sq m
-
(495 sq ft)
(254 sq ft)
(-)
 C. RAI
(t/a Texas Grill)		 10 years
from
29/09/2011		 £20,000 (28/09/2021)
5 Ground
Basement

First/Second		 Retail/Ancillary
Ancillary (not
currently used)
Residential
(Three room
maisonette)
57.23 sq m
26.40 sq m

-
(616 sq ft)
(284 sq ft)

(-)
 L. GURTEKIN
(t/a City Fish Bar)		 10 years
from
29/09/2011		 £20,000 (28/09/2021)
Total Commercial Area  
362.54 sq m
(3,902 sq ft)
     £128,260.08 (1)  

(1) Annual equivalent rents
(2) Not inspected by Acuitus. Areas taken from www.gov.uk
(3) www.cabinetrooms.com A rent deposit of £3,745.51 is held by the Vendor.
(4) A 3 month rent deposit is held by the Vendor.
(5) The lease is subject to a tenant only break option on 03/03/2021 subject to six months’ prior written notice.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Blake Morgan New Kings Court, Tollgate, Chandlers Ford
Eastleigh
SO53 3LG
Anna Larbi 0238 085 7016anna.larbi@blakemorgan.co.uk  Lynsey Pitt 0238 085 7141lynsey.pitt@blakemorgan.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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