Savills | Eastgate Street, Winchester, Hampshire, SO23 8EB | Property for sale
315.31 sq m(3,394 sq ft)
Guide price £800,000

Eastgate StreetWinchester, Hampshire, SO23 8EB

  • Under offer

Key features

  • Sought after city centre location
  • Just 0.3 miles away from Winchester Cathedral
  • Ground floor bar current use as a restaurant with bar and ancillary space GIA 109 sqm (1,176 sqft)
  • First floor living and ancillary accommodation GIA 110 sqm (1,188 sqft) with planning permission to convert to two 1 x bedroom apartments
  • For sale with vacant possession or subject to the existing lease

Development & investment opportunity - sought after location in Winchester

About this property

  • Property
    The property occupies a prominent mid-terrace position and is arranged over basement, ground, mezzanine, first and second floors with rendered elevations under a pitched slate roof at the front.

    There is a single storey flat roof extension to the rear connecting with a former outbuilding.

    The ground floor current use is a restaurant with bar and ancillary space GIA 109 sqm (1,176 sqft) The first & second floors comprise of living and ancillary accommodation GIA 110 sqm (1,188 sqft) with planning permission to convert to two 1 x bedroom apartments

    Description
    The property benefits from a ground floor customer area seating up to 70 customers but typically laid out to accommodate 55 covers.

    Features include a bar servery, skylights to the mid-sections of the restaurant, ladies' and gent's WCs, trade kitchen and a mezzanine providing kitchen storage.

    There is a rear access from a narrow street serving the adjacent residential properties. There is a self-contained entrance at ground floor level fronting Eastgate Street leading into a hallway giving access to the basement, a store at half-landing level and the first and second floors.

    The first floor comprises two staff bedrooms, a domestic kitchen and bathrooms. The second floor has three staff bedrooms and a bathroom.

    Planning
    We understand the premises benefits from an A3 Use Class.

    We understand the property is a Grade II Listed building and is within a Winchester Conservation Area.

    Planning Permission
    Planning permission has been granted to create two modern self- contained residential 1 bedroom flats 20/01156/FUL.

    There is an option to buy the first & second floors separately for a project.

    Please contact the agent to discuss further.

Local information

  • 3 Eastgate Street is situated in a prominent position opposite King Alfred the Great Statue at the junction of Eastgate with the Broadway, the latter forming part of the B3330 leading to the Bar End area of Winchester and the M3 motorway.

Additional information

  • Lease
  • A new lease is in the process of being granted with an agreed rent of £40,000 per annum exclusive for 20 years
  • (full repairing and insuring).
  • Fixtures & Fittings
  • Trade fixtures and fittings are owned by the tenant.
  • Tenure
  • Freehold with vacant possession on completion or subject to the lease as required.
  • All prices are quoted exclusive of VAT at the prevailing rate
  • Rating
  • The subject property is listed in the 2017 - present Rating List with a Rateable Value of £32,000. The National
  • Multiplier for England and Wales for 2021/22 is £0.512.
  • We believe that the upper floors have a Council Tax assessment within Band B.
  • The Council Tax payable is £1,452.97 in 2021/22.
  • Energy Performance
  • The property has an E-103 rating.
  • Certificate number is 9250-3022-0849-0600-8895
  • Viewing
  • Formal viewings are arranged strictly by appointment with Savills.
  • Please do not approach the business directly.