Goadsby - Mixed-Use Sale - Winchester

Date: 07 Aug 2008

Acting on behalf of a private investor Goadsby has sold an office and retail investment, Jewry House, 12/13 Jewry St Winchester for £1.8m.

Richard Pullen, Director of Investments at Goadsby, said "the property is located in the heart of the business district of the city where there are a number of important office buildings. Jewry Street is also an important retail location close to the High Street, popular with restaurants, estate agents and a variety of retailers.

The Victorian property was extended in the 1980's and comprises 6,684 sqft of offices with parking together with a separate ground floor shop unit.

Richard Pullen says that "the whole property is let to Wessex Administration Services Ltd at £122,725 pa until June 2012 without further rent review with the shop being underlet to John Lewis of Hungerford Plc. The sale confirms that there continues to be demand for good quality commercial investment properties in this more difficult economic market with the sale price reflecting a net initial yield of approx 6.4%"

Jewry House

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