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