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1 Station Terrace, Shawford, Winchester, SO21 2BN
1,926 Sq Ft / Retail / Retail - High Street
Withdrawn - Last updated: 08 January 2025
Description
The property is a semi-detached building located within the popular village of Shawford, just outside Winchester, the property is conveniently located off the main road and within close proximity to Shawford train station, which is a popular commuter station with easy access onto the Waterloo line. There is circa 4 parking spaces to the rear of the property that are currently demised to the shop.
The property is currently split into two separate units with the basement, ground and a small area of the first floor being used as commercial space and the majority of the first floor being a one-bedroom residential flat. The ground floor is let to a local specialist bike sales, rental, and repair shop.
Accommodation
Commercial - 126 sq.m
Residential - 53 sq.m
Planning
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
EPC Text
Asset Rating - Commercial E (109)
Residential D (64)
Rating
Rateable Value - £13,965
Source www.voa.org.uk The 2024/2025 small business multiplier is 0.499 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
Offers considered in the region of £375,000 subject to the existing tenancies.
Commercial
The property is let by way of a lease dated 29th June 2021 for a term of 5 years at a passing rent of £12,686 per annum, expiring 28th June 2026.
The tenant is 'The Cycle Company Limited'.
There is a small first floor office area let on a flexible lease for the sum of £1,062 per annum.
Residential
The uppers comprise a 1 bedroom flat let on a periodic tenancy that commenced on 22nd February 2023 at a passing rent of £9,300
( Agency Pilot Software ref: 10320 )
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