Property photos
Freehold
£1,900,000
Retail premises for sale
93-95 Olivers Battery Road South, Winchester SO22Local area information
Property location
Nearby amenities
- Olivers Battery Primary School 0.2 miles
- St Peter's Catholic Primary School, Winchester 0.2 miles
- Winchester 1.8 miles
- Shawford 2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Freehold investment for sale Mixed Use neighbourhood parade 5 retail units 8 residential flats 8 new build garages
Description
The property extends to five ground floor Class E units with free parking to the front. Above each unit there is a 2-bedroom flat, each let on Assured Shorthold Tenancy. Flat 5 is the only one included in the lease for the ground floor tenant on a modest rent for both, meaning there is some potential reversion on a lease renewal to separate the shop and flat and increase the rental income.
To the rear of the units are 8 new build garages that are partly let.
Unit 1 - Chiropractic Clinic has been extensively fitted out by the current tenant to provide a reception area and treatment rooms for clinic operating since 2022.
Unit 2-3 - Londis convenience store has been in occupation since lease start date 2003, and so an established store with no nearby competition. In need of refurbishment, the current landlord has had several approaches from similar operators to take on the unit, and so a further opportunity for reversion on the lease.
Unit 4 - New Forest Butchers is a very well presented and popular butchers with a presentable fitout.
Unit 5 - The Priory Hair Lounge, has a lease over the shop 5 and the flat 5 combined at a low rent, and are currently holding over. There is the opportunity for reversion with separate lease for the shops and the flat increasing the rent and in turn investment yield.
Location
The premises are located in a prominent position within a parade of local shops on Olivers Battery Road South, a densely populated residential area to the south of Winchester. The property has a good retail frontage with free parking and a bus stop at the front. Olivers Battery is a popular district of Winchester known for its historic significance and local community. Nearby is a highly regarded Primary School, parks and playgrounds. There is a rural feel to Olivers Battery but also benefiting from exceptional links to Winchester City Centre.
Winchester is a popular, attractive, and affluent Cathedral City and County town, which benefits from excellent communication links adjacent to junctions 9,10 and 11 of the M3, connecting with the A34 and A31. It is the base for Hampshire County Council and Winchester City Council which combined have a significant workforce. The city is a very popular tourist destination due to the famous cathedral and the historic central area and Winchester University also draws a significant number of students and visitors to the City.
Description
The property extends to five ground floor Class E units with free parking to the front. Above each unit there is a 2-bedroom flat, each let on Assured Shorthold Tenancy. Flat 5 is the only one included in the lease for the ground floor tenant on a modest rent for both, meaning there is some potential reversion on a lease renewal to separate the shop and flat and increase the rental income.
To the rear of the units are 8 new build garages that are partly let.
Unit 1 - Chiropractic Clinic has been extensively fitted out by the current tenant to provide a reception area and treatment rooms for clinic operating since 2022.
Unit 2-3 - Londis convenience store has been in occupation since lease start date 2003, and so an established store with no nearby competition. In need of refurbishment, the current landlord has had several approaches from similar operators to take on the unit, and so a further opportunity for reversion on the lease.
Unit 4 - New Forest Butchers is a very well presented and popular butchers with a presentable fitout.
Unit 5 - The Priory Hair Lounge, has a lease over the shop 5 and the flat 5 combined at a low rent, and are currently holding over. There is the opportunity for reversion with separate lease for the shops and the flat increasing the rent and in turn investment yield.
Location
The premises are located in a prominent position within a parade of local shops on Olivers Battery Road South, a densely populated residential area to the south of Winchester. The property has a good retail frontage with free parking and a bus stop at the front. Olivers Battery is a popular district of Winchester known for its historic significance and local community. Nearby is a highly regarded Primary School, parks and playgrounds. There is a rural feel to Olivers Battery but also benefiting from exceptional links to Winchester City Centre.
Winchester is a popular, attractive, and affluent Cathedral City and County town, which benefits from excellent communication links adjacent to junctions 9,10 and 11 of the M3, connecting with the A34 and A31. It is the base for Hampshire County Council and Winchester City Council which combined have a significant workforce. The city is a very popular tourist destination due to the famous cathedral and the historic central area and Winchester University also draws a significant number of students and visitors to the City.
More information
Listed by
Goadsby - Winchester
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