An attractive unbroken freehold investment of four apartments, garage and garden, all let on assured shorthold tenancies.
Ready Made Investment, City Centre, Garage, Garden
Situated just over a 'stone's throw' from Winchester's mainline railway station and the bustling High Street, this most attractive grade II listed building has been owned by the same family since 1933 and was subsequently converted into four apartments, over four floors. Now offering further potential to refurbish the top floor to create a duplex apartment, adding a further 541 ft² of accommodation to the already well-proportioned 1,059 ft² top floor apartment. Belgarum have managed the property for many years and the properties are found in good condition. There is a garage fronting St. Peter Street which is currently let with apartment A (although has in the past been let separately) and a long east facing garden which again is let with apartment A. The property would make an ideal ready made investment with a gross income of £47,040 or 3.48%, or subject to planning could be turned into a grand townhouse with overall accommodation of circa 5,000 ft².
St. Peter Street is among one of the most desirable streets in central Winchester. Situated just to the north of the High Street, yet offering easy access to The Water Meadows and the pleasant country walks through the ancient parts of the City, the College and Cathedral. The City Centre and its amenities offer first class shopping, a varied range of restaurants, cinema, theatre and sports centre. Communications are excellent, with the mainline railway station running a service to London Waterloo (approximately 60 minutes) and the M3, A34, A303 and M27 all easily accessible. Schools in Winchester are first class, with St. Bede Primary School nearby being highly sought after. There is a wide variety of further state and private schools in the area including Pilgrims and Winchester College a short walk away, Twyford School, Peter Symonds Sixth Form College and St. Swithun's School is just two miles out of the City.
From our office proceed down the High Street bearing left into Jewry Street, and immediately right into St. George Street. Take the first left into St. Peter Street and the property will be found on the right-hand side, identified by our 'For Sale' board.
Strictly by appointment through Belgarum Estate Agents (01962 844460), as all properties are tenanted.
All mains services are connected.
Apartment A - 899 ft² at £925pcm
Apartment B - 725 ft² at £895pcm
Apartment C - 981 ft² at £1,100pcm
Apartment D - 1,059 ft² at £1,000pcm
Apartment A - Band B (rate for 2020/21 £1,385.35pa).
Apartment B - Band B (rate for 2020/21 £1,385.35pa).
Apartment C - Band C (rate for 2020/21 £1,583.25pa).
Apartment D - Band C (rate for 2020/21 £1,583.25pa).