Broadway, 57 Colebrook Street, Winchester, SO23 9LH
£523.79 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,372 sq ft
406 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: sui_generis_1
sui_generis_1
Key features
- We are seeking offers in excess of £2,290,000, reflecting a net initial yield of 5.75% and a capital value per square foot of £523.
- Freehold and part long leasehold public house investment.
- Prime location in Winchester city centre, adjoining Guildhall and close to Winchester Cathedral.
- Substantial property ground and first floor levels extending to 406 sqm (4,372 sq ft) with an enclosed beer garden.
- Let to Marston’s PLC, a FTSE250 company with a market cap of £280.69 million (16 June 2025) that operates over 1,300 venues and has a Dun & Bradstreet rating of 5A1.
- The property is held on a fully repairing and insuring lease expiring 27 February 2050 (24.7 years unexpired) at a passing rent of £140,018 p.a.
- Five-yearly rent reviews in line with the Retail Price Index (RPI), subject to a collar and cap of 1% & 4% compounding annually through the term, with the next rent review being February 2030.
- Business unaffected by sale.
Description
The Broadway occupies a corner position and is arranged over ground and first floor levels. The property comprises two interconnected parts.
The freehold, fronting Colebrook Street, comprises the ground and first floor of a two storey building of flint and brick elevations under a multi-pitched roof.
The long leasehold, fronting Broadway, comprises the ground floor of a four-storey building with flint and stone elevations underneath a mansard roof. The building’s upper floors are not included within the title of this property.
Location
Located in the centre of Winchester, approximately 66 miles southwest of central London, 12 miles northeast of Southampton, and 27 miles south of Newbury.
Transport communications in the city are excellent. Winchester railway station offers regular, direct services to London Waterloo (62 minutes), Southampton Central (20 minutes), and Basingstoke (19 minutes). There is also direct access to the M3 from the city at Junctions 9 and 10, providing access to Southampton to the south and the M25 to the north.
Winchester is a significant tourist destination with Winchester Council reporting ~8 million visitors annually (May 2025), the most notable attractions are; Winchester Cathedral, Guildhall, Wolvesey Castle, Winchester City and Westgate Museums, and The Great Hall.
The property is situated on the corner of Colebrook Street and The Broadway, which runs west into the High Street. The High Street is the principal leisure and retail thoroughfare with numerous independent and branded operators, including McDonald’s, Fat Face, Space NK Rick Stein, Marks & Spencer, and Pret a Manger. Nearby licensed occupiers include the Bishop on the Bridge (Fuller’s) and the Old Gaolhouse (JD Wetherspoon).
Brochures
Broadway, 57 Colebrook Street, Winchester, SO23 9LH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Winchester Station0.5 miles
- Shawford Station2.9 miles
Notes
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