CAVENDISH CENTRE, WINNAL CLOSE, WIONCHESTER, SO23 0LB

10,563 sq ft

Located north east of Winchester City Centre. Totals 10,563 sq ft. Freehold. 65 CPS. Property is run as a serviced office centre with a current gross income of £202,442 p.a. and a net income of £149,608 p.a. Significant development potential for residential subject to planning. We are instructed to seek offers of £1,825,000, reflecting a NIY of 7.71% and a reversionary yiled of 9.1% assuming full purchase costs of 6.22%, subject to contract. This reflects a low caital value of £172 psf.