Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
Prime Freehold Retail Investment For Sale In Affluent Market Town
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Winchester is a historic cathedral city and county town of Hampshire with a daytime population of 302,775.
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Winchester’s catchment population is one of the most affluent of PROMIS centres ranking 3rd on the PMA
Affluence Indicator. -
Prime trading location fronting on the High Street.
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Let to the undoubted covenants of Caffé Nero and Rituals, both with Experian Ratings of 100/100.
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Total current passing rent of £220,000 per annum, assuming the Caffé Nero rent is topped up to the agreed
reversionary rent of £120,000 per annum. -
Rebased rents with lease start dates in 2024 and 2026.
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Estimated rental value of £233,000 per annum, based on a Zone A tone of £171 per sq ft.
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WAULT of 9.51 years to Expiry and 5.06 years to break.
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Freehold.
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Potential residential development opportunity on the upper floors and airspace above, subject to availability and
planning.
Offers are invited in excess of £3,060,000 (Three Million and Sixty Thousand Pounds) subject to contract and exclusive of VAT, which reflects an attractive net initial yield of 6.75% after allowing for standard purchaser’s costs.
Tenure:
Freehold
Yield:
6.75 %
Price:
£3,060,000
Contact:
PHILIP HAY BSc (Hons) MRICS
07770 580 590
phay@jacksoncriss.co.uk
RHODRI JONES BSc (Hons) MSc
07570 684 444
rjones@jacksoncriss.co.uk
DOUGLAS MACRAE BSc MRICS
07977 441 267
douglasm@jacksoncriss.co.uk