St Lawrence House, 2 Barnes Close SO23

St Lawrence House, 2 Barnes Close SO23

2,349 sq ft (218.2 sq m)

Winchester 1.1 miles
Shawford 2 miles
Jewry Street (Stop N) 0.9 miles

A detached, 3 storey period building used for dental surgery / beauty treatment purposes on the ground and first floor with vacant 2nd floor flat

Key Features

  • Detached, period building in Winchester
  • Prominent position
  • Self contained plot with parking
  • Let to good covenant strength
  • St Lawrence House Dental Surgery Grade C (67) Top floor flat, St Lawrence House Dental Practice D (61

Location

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 1st 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 a 72 month licence from January 2019 at a licence fee of £2,284.71 per calendar month (£27,416.52 per annum).

Ground floor Annex / Extension is let to A Narayan-Denning of Reverse Time Limited on a 72 month licence from June 2019 at a licence fee of £1,800 per calendar month (£21,600 per annum).

Both licences can be terminated by any party on 3 months notice.

The second floor flat has the benefit of vacant possession.

There is a service charge shortfall of £18,300 pa at present. We understand there is an opportunity to regear the licences to rectify this. Please enquire for the current situation.

Key Property Details
Tenure
Freehold £1,450,000 Guide Price
Size
2,349 Sq Ft 218.2 Sq M
Type
D1 (Non-residential institutions) Sui Generis (Other)
Carter Jonas reference
20011098
Property agent
Ben Welch
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