12-12A Upper High St
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12-12A Upper High St
3,153 SF 100% Leased Retail Building Winchester SO23 8UT £1,250,000 (£396/SF) 6.21% Net Initial Yield
Executive Summary
We are pleased to have been instructed to market this freehold investment, comprising a period, mid-terrace property housing a well-established and well-rated Asian fusion restaurant along with 4 residential units above, the total of which is presently generating rental income of £77,580 per annum. The commercial lease runs until 2031 with no breaks, and has a rent deposit plus a personal guarantee, while the apartments have been successfully rented out for many years on 12-month AST’s. An opportunity may exist to renovate the residential dwellings and re-gear the rental levels accordingly.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
3,153 SF
Year Built
1980
Price
£1,250,000
Price Per SF
£396
Net Initial Yield
6.21%
NOI
£77,580
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.34
Land Acres
0.05 AC
Frontage
25 ft on Upper High Street
Amenities
- Bus Route
- Commuter Rail
- Security System
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Nearby Major Retailers
-
Jon Baud -
Trinity Rose Commercial
1 of 5
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12-12A Upper High St
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