Cancer Research 75 Parchment Street Winchester SO23 8AT

Cancer Research
75 Parchment Street
Winchester
SO23 8AT

Freehold Retail Investment

Let to Cancer Research until March 2028
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
Sold
Price
£281,000
Auction Venue
Live Streamed Auction
On Behalf of SIPP Trustees

Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Cancer Research until March 2028
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 Sold
Price £281,000
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

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.