11 Parchment Street, Winchester, Hampshire, SO23 8AT
Long Leasehold Roof and Air Space
Sold with Freeholders Consent for Development
Situated within the heart of Winchester, Parchment Street links between Saint Georges Street and North Walls. Located within the middle of Parchment Street the property lies at the start of the retail section of this road which is home to an eclectic range of boutiques, independent specialist shops and restaurants forming part of the many interlinked shopping areas of Winchester. Winchester itself is a cathedral city steeped in history and a tourist attraction almost throughout the year. It benefits from excellent transport links lying to the West of the junction of the M3 motorway with the A31. A comprehensive range of bus routes serve the city and outlying areas whilst the mainline rail station is popular with commuters as it provides direct services to London Waterloo with a journey time of approximately one hour.
The property comprises all roof void area and the air space above this modern end terrace building. Whilst sold on an unconditional basis this lot is being sold with landlords consent for development subject only to the purchaser obtaining all appropriate consents prior to commencing works. Buyers are deemed to rely on their own planning enquiries but these details do show an indicative scheme as to how the finished development could look.
To be sold on a new lease for a term of 125 years from completion at a ground rent of £100 per annum.