Bishops Waltham is an attractive and sought after market town with a good range of retailers based around the centre, including many niche traders.
This mid-terrace property comprises a ground floor, which is at present let under the terms of a 15 year commercial lease, while the first floor is let as offices under separate commercial lease arrangements. Should the first floor offices ever become vacant we would suggest that there is obvious scope and potential for conversion to form a two bedroom apartment, subject to all necessary consents being obtainable.
Ground Floor
Main sales/retail area, manager's office and staff cloakroom with W.C.
First Floor
Entrance lobby, kitchen, cloakroom with W.C., meeting room/reception, three separate offices and inner hallway.
Tenancy
Let on a five-year commercial lease from September 2016 at a current rental of £7,500 per annum.
Tenure
The ground floor is let under the terms of a 15 year commercial lease from April 2007 at a current rental of £10,800 per annum.
Auctioneer's Note
The first floor tenant has informed us verbally of a wish to stay on beyond the expiry of the existing lease, subject to an agreement on new terms. Prospective purchasers should rely on their own enquiries.
Local Planning Authority
Winchester City Council. Tel: 01962 840222. Website: winchester.gov.uk.