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23-23A Southgate St 2,150 SF 100% Leased Retail Building Winchester SO23 9EB $952,601 ($443.07/SF)
Investment Highlights
- City centre location.
- Period features.
- Opportunity for residential conversion STP.
- Close proximity to High Street.
- Rear walled courtyard garden.
Executive Summary
The premises comprises two units. 23 Southgate Street is a Grade II Listed former retail/office property within Use Class E and is arranged over lower ground, ground, first and second floors with a courtyard garden to the rear. This unit is currently offered with vacant possession. Please note this property is subject to subsidence. 23A Southgate Street is a ground floor lock up retail unit arranged over ground and lower ground floors. This unit is currently let on lease for a term of 5 years with the lease expiry date on 14 September 2026. The passing rent under the lease is £13,250 per annum. The freehold of this investment opportunity is available for the guide price of £700,000.
Property Facts Sale Pending
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,150 SF
Building Class
B
Year Built
1902
Price
$952,601
Price Per SF
$443.07
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.25
Lot Size
0.20 AC
Frontage
10’ on Southgate Street
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Vintage Hound Ltd
- -
- 313 SF
- -
- Apr 2019
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Vintage Hound Ltd | - | 313 SF | - | Apr 2019 |
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Nearby Major Retailers
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23-23A Southgate St
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