A detached, 3 storey period building used for dental surgery purposes on the ground and first floor with tenanted 2nd floor flat
Detached, period building in Winchester
Self contained plot with parking
Fully let to good covenant strength
St Lawrence House Dental Surgery Grade C (67)
Top floor flat, St Lawrence House Dental Practice D (61)
The property is situated within the city of Winchester lying to the south of the main city centre in a residential area known as St Cross being at the junction of St Cross Road and Barnes Close, approximately 1 mile from the City centre.
Winchester benefits from good road links with the M3 Motorway skirting the city to the east and providing good access to the city (Junctions 9-11). The subject is circa 1 mile north of Junction 9 of the M3 and also has access to Junction 10 via Garnier Road. Rail links are also good .
Terms & Conditions
Ground floor, basement and first floor hygienist room is let to Xeon Smiles UK Limited on the residue of a 10 year lease from October 2019 at a rent of £32,500 per annum. There is a rent review and tenant break option in October 2024. Part First Floor is let to Winchester Smiles Limited on the residue of a lease from January 2022 to October 2029 at a rent of £20,000 per annum. There is a rent review in January 2027. Ground floor Annex / Extension is let to Winchester Aesthetics Ltd for 5 years from July 2022 at a rent of £10,000 per annum rising to £13,000 per annum from July 2023. The second floor flat is let on an AST from February 2022 at a rent of £10,800 per annum. Total gross income £73,300 pa plus service charge from commercial tenants