Chandler’s Ford.

105-113 Winchester Road

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Status.

Sold on 01/06/2018

Service Charge.

The service charge for the asset is operated under two separate schedules, one relating to 105-111A Winchester Road and one relating to 113 Winchester Road. Both budgets run from 1st April 2017 to 31st March 2018. The budget for the former is £26,344.36 and the latter is £26,820.16. There is currently an irrecoverable landlord shortfall of £33,894 – of which the vendor will guarantee £24,162 (vacant offices) for a period of 12 months. The remaining £9,732 consists of inclusive leases.

Location.

Chandler’s Ford is a busy commercial centre and affluent residential suburb within the Borough of Eastleigh in South Hampshire. The town is situated 5 miles (8.1 km) north east of Southampton, 7 miles (11.3km) south of Winchester and 74.3 miles (119.6 km) south west of London.  The town is strategically located south of Junction 12 of the M3 which provides access to Southampton in a journey time of 15 minutes and to London in a journey time of 1 hr 30 minutes.  The M27 is located 4 miles (6 km) to the south which provides access to Portsmouth and the southeast coast.  Chandler’s Ford railway station is serviced by London Waterloo changing at Eastleigh in a journey time of 1 hr 45 minutes.  Southampton Central is 22 minutes to the south.  Southampton International Airport is located 4 miles (6 km) south of the subject property providing a range of domestic and international flights.

Description.

The property comprises three adjoining buildings. 105-107 Winchester Road consists of two semi-detached former houses arranged over ground and first floor.  109-111 Winchester Road is a 1970s built supermarket with adjoining shop, first floor office accommodation and a 43 space car park and loading bay area.  113 Winchester Road is a purpose built 1980s bank with two floors of self-contained offices and a separate 8 space car park to the rear.  In addition to the Co-Operative car park (1 hour free stay) there are a number of other car parks within the town’s retailing core.  The adjacent Fryern Arcade has circa 120 spaces and free parking for three hours whilst the Waitrose has circa 220 spaces also with three hours free parking.

Rent.

£296,902.00 pax

Availability.

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

Contact.

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