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Prime Freehold Retail Investment For Sale In Affluent Market Town

  • Winchester is a historic cathedral city and county town of Hampshire with a daytime population of 302,775.

  • 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.

  • Let to the undoubted covenants of Caffé Nero and Rituals, both with Experian Ratings of 100/100.

  • 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.

  • Estimated rental value of £233,000 per annum, based on a Zone A tone of £171 per sq ft.

  • WAULT of 9.51 years to Expiry and 5.06 years to break.

  • Freehold.

  • 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

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