Modern Office Space with Allocated Parking
Modern Office Space with Allocated Parking, Winchester 20 Staple Gardens, Winchester, Hampshire, SO23 8SR Long Leasehold Interest: £360,000 WINCHESTER | ALRESFORD | ALTON | FARNHAM | LONDON
www.charterscommercial.co.uk
KEY FEATURES • • • • • •
Long leasehold tenure 125 years from 2008 Sub-let to a marketing company for 6 years from 2014 Passing rent of £22,800 per annum Close proximity to city centre Two allocated car parking spaces Net Internal Area 132.07 sq m (1,421 sq ft)
LOCATION The office premises are located in the heart of Winchester city centre between Jewry Street and Tower Street, ideally placed for access to the city centre and high street with its mixture of national restaurants, retailers and high end independent operators. Winchester train station is 0.2 miles to the north which benefits from a fast train to London Waterloo within 55 minutes. In the immediate vicinity is Tower Street multi storey car park (0.1 miles). DESCRIPTION The subject property comprises a modern ground floor office premises believed to have been constructed in 2007 as part of a large development of office and residential apartments within the city of Winchester. The property is constructed of traditional brick elevations under a pitch metal sheet roof. The property benefits from two allocated car parking spaces in a nearby car park and an additional outbuilding/storage facility which is not included within the demise of the current sublease but would be offered for sale with the long lease interest. The office premises are principally configured as open plan with a corridor to the rear leading to ancillary WC and kitchen facility, providing access to a rear meeting room with secondary entrance to the side of the building.
ACCOMMODATION Description Ground Floor Office Storage – lock up Total Net Internal Area
Sq M 109.36 22.71 132.07
Sq Ft Additional Comments 1,177 Plus WC’s 244 External access only 1,421
TENURE The property is held on a remainder of a 125 year lease dated 16th April 2008 at a peppercorn rent. We are guiding the long leasehold interest at £360,000. A purchase price at this level reflects a gross yield of 6.3% prior to purchaser’s costs. RATEABLE VALUE The subject property is listed in the 2017 rating list as having a total rateable value of £22,250. The small business rate multiplier for 2017/2018 is 46.6p. For further information on rates please contact the local authority. LEGAL COSTS AND VAT Each party is expected to bear their own legal costs in this transaction. All prices quoted may be subject to VAT provisions. VIEWINGS No direct approach is to be made to the current occupiers. All enquiries and appointments to view must be made via Charters Commercial on 01962 888900. EPC C- 54 JULY 2017
WINCHESTER | ALRESFORD | ALTON | FARNHAM | LONDON
20 Staple Gardens, Winchester, Hampshire, SO23 8SR
“SAVING OUR CLIENTS TIME, EFFORT AND MONEY BY HELPING THEM MAKE THE VERY BEST COMMERCIAL PROPERTY DECISIONS EVERY TIME”.
First Floor, Winchester House, Kings Worthy, Winchester, SO23 7QF E: [email protected] T: 01962 888900
Disclaimer Property Details: These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximately. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the company.
www.charterscommercial.co.uk
KEY FEATURES • • • • • •
Long leasehold tenure 125 years from 2008 Sub-let to a marketing company for 6 years from 2014 Passing rent of £22,800 per annum Close proximity to city centre Two allocated car parking spaces Net Internal Area 132.07 sq m (1,421 sq ft)
LOCATION The office premises are located in the heart of Winchester city centre between Jewry Street and Tower Street, ideally placed for access to the city centre and high street with its mixture of national restaurants, retailers and high end independent operators. Winchester train station is 0.2 miles to the north which benefits from a fast train to London Waterloo within 55 minutes. In the immediate vicinity is Tower Street multi storey car park (0.1 miles). DESCRIPTION The subject property comprises a modern ground floor office premises believed to have been constructed in 2007 as part of a large development of office and residential apartments within the city of Winchester. The property is constructed of traditional brick elevations under a pitch metal sheet roof. The property benefits from two allocated car parking spaces in a nearby car park and an additional outbuilding/storage facility which is not included within the demise of the current sublease but would be offered for sale with the long lease interest. The office premises are principally configured as open plan with a corridor to the rear leading to ancillary WC and kitchen facility, providing access to a rear meeting room with secondary entrance to the side of the building.
ACCOMMODATION Description Ground Floor Office Storage – lock up Total Net Internal Area
Sq M 109.36 22.71 132.07
Sq Ft Additional Comments 1,177 Plus WC’s 244 External access only 1,421
TENURE The property is held on a remainder of a 125 year lease dated 16th April 2008 at a peppercorn rent. We are guiding the long leasehold interest at £360,000. A purchase price at this level reflects a gross yield of 6.3% prior to purchaser’s costs. RATEABLE VALUE The subject property is listed in the 2017 rating list as having a total rateable value of £22,250. The small business rate multiplier for 2017/2018 is 46.6p. For further information on rates please contact the local authority. LEGAL COSTS AND VAT Each party is expected to bear their own legal costs in this transaction. All prices quoted may be subject to VAT provisions. VIEWINGS No direct approach is to be made to the current occupiers. All enquiries and appointments to view must be made via Charters Commercial on 01962 888900. EPC C- 54 JULY 2017
WINCHESTER | ALRESFORD | ALTON | FARNHAM | LONDON
20 Staple Gardens, Winchester, Hampshire, SO23 8SR
“SAVING OUR CLIENTS TIME, EFFORT AND MONEY BY HELPING THEM MAKE THE VERY BEST COMMERCIAL PROPERTY DECISIONS EVERY TIME”.
First Floor, Winchester House, Kings Worthy, Winchester, SO23 7QF E: [email protected] T: 01962 888900
Disclaimer Property Details: These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximately. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the company.
