Comprises ground floor shop with first and basement floor ancillary accommodation
March 2023 break not exercised
Approximately 113.74 sq m (1,223 sq ft)
Highly affluent cathedral city
Prominent city centre location
Nearby occupiers include The Ivy, McDonalds, WHSmith, Tesco Express and Caffe Nero
VAT Free Investment
Lot 1
Auction 13th February 2025
Rent £21,800 per Annum Exclusive
Status Available
Guide* £225,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of SIPP Trustees
Property Information
Location
Miles
67 miles south-west of London, 12 miles north of Southampton, 17 miles south of Basingstoke
Roads
M3 (Junctions 9-11), A31, A34, A303
Rail
Winchester Railway Station
Air
Bournemouth Airport, London Heathrow Airport
Situation
Winchester is a highly affluent and historic cathedral city. The property is prominently situated on the eastern side of Parchment Street in the heart of the town centre, close to its junction with St George's Street and High Street. Nearby occupiers include The Ivy, McDonalds, WHSmith, Tesco Express and Caffe Nero.
Tenure
Freehold.
Location
Miles
67 miles south-west of London, 12 miles north of Southampton, 17 miles south of Basingstoke
Roads
M3 (Junctions 9-11), A31, A34, A303
Rail
Winchester Railway Station
Air
Bournemouth Airport, London Heathrow Airport
Situation
Winchester is a highly affluent and historic cathedral city. The property is prominently situated on the eastern side of Parchment Street in the heart of the town centre, close to its junction with St George's Street and High Street. Nearby occupiers include The Ivy, McDonalds, WHSmith, Tesco Express and Caffe Nero.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation to the first and basement floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation to the first and basement floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement First
Retail Ancillary Ancillary
53.43 22.69 37.62
(575) (244) (404)
CANCER RESEARCH UK (1)
10 years from 25/03/2018
£21,800
25/03/2023
Total
113.74
(1,223) (2)
£21,800
(1) Cancer Research UK operate from almost 600 locations and for the year ending 31/03/2024 reported a Turnover of £684,300,000, a Pre-Tax Profit of £25,300,000 and a Net Worth of £398,500,000 (NorthRow 06/01/2025). (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
