Staple House Staple Gardens Winchester SO23 8SR United Kingdom

Staple House is an attractive city centre office building located in the heart of Winchester, 500m from Winchester Railway Station and moments from the High Street.

The property comprises 15,038 sq ft (1,397 sq m) of recently refurbished office accommodation arranged over ground and three upper floors that benefit from three roof terraces with cathedral views.

The property is multi-let to five strong tenants including Capsticks Solicitors LLP and Premier Foods.

The passing rent is £391,211.50 per annum which reflects a low average rent of £26.01 psf.

The tenancies produce a WAULT of 7.36 years to expiry and 3.80 years to break.

The vendor will provide a 12 month rent, rates and service charge guarantee on the vacant part 3rd floor (922 sq ft) which has been refurbished to CAT A condition.

There are 13 secure undercroft car parking spaces which provide a good city centre car parking ratio of 1:1,157 sq ft.

The property is held freehold.

Staple House offers strong fundamentals to a purchaser owing to its historic city centre location, strong recent letting history and limited need for additional capital expenditure.

A rare opportunity to acquire a refurbished office in a historically constrained market, set new benchmark rents in the building and move on the rental tone at future lease events.