Parchment Street, Winchester, Hampshire, SO23

Vacant ground floor retail unit for sale or to lease on Parchment Street in Winchester. Guide price £250,000 STC.

A pretty mid-terrace retail unit with rendered elevations and period frontage, situated within the Winchester Conservation Area in a position popular with independent traders. It comprises a ground floor lock up shop with kitchenette, small storage area and WC, along with an allocated parking space behind the building. Under Class E planning, the property is deemed suitable for various uses but please note that any food-related businesses requiring commercial kitchen extraction cannot be considered.

SITUATION
Parchment Street is an established secondary retail location near Winchester’s pedestrianised High Street and close to a number of public car parks. It is a unique and interesting shopping and residential street, offering a collection of eclectic boutiques, galleries and businesses.

ACCOMMODATION
We have undertaken a measured survey that identified a net internal area (NIA) of 497 Sq. Ft / 46.1 Sq. M. comprising:

TENURE
Available to let on a new FRI lease for a term to be agreed at a quoting rent of £18,000 pa, exclusive of any business rates, service charge and buildings insurance, as applicable. Alternatively, a sale of the 999-year long leasehold interest (virtual freehold) of the ground floor at £250,000.

RATEABLE VALUE
According to the Valuation Office Agency ( the rateable value of the unit, effective from 1st April 2023, is £13,500 suggesting eligible occupiers will benefit from some small business rates relief. For more information on business rates please contact the relevant Local Authority.

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in any transaction. The unit is not elected for VAT purposes.

EPC RATING
C (56) valid until 4th December 2031 under certificate 0959-5605-2378-5572-2840.

VIEWINGS
All enquiries and appointments to view must be made via sole agent Trinity Rose Commercial on .