93-95 Olivers Battery Road South, Winchester, SO22 4JQ

Summary

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.

Key Points

Location