26 Apr 24
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Article
A Grade II Listed office property at 12 Southgate Street in Winchester, Hampshire, with potential for redevelopment for other uses, has come to the market through Curchod & Co.
The 6,861 sq ft period building, with 12 car parking spaces to the rear, is being offered for sale by the Basingstoke office of the commercial property specialist, for £2,500,000.
Located in central Winchester, the property has three upper floors, with further accommodation on the lower ground floor and has been divided into nine individual office suites, ranging from 386 sq ft to 1,962 sq ft.
Tom Clancy, of Curchod & Co, commented on the property’s potential, “12 Southgate Street is a rare find in the market. Given its versatile layout and central location, in addition to its current use as an office, 12 Southgate Street holds significant potential, subject to planning, for conversion to residential use. This could attract a diverse range of interested parties, from developers aiming to capitalise on Winchester’s appeal, to businesses looking to establish a presence in the area.
“With its promising redevelopment prospects, it is poised to attract a diverse spectrum of prospective buyers, and we anticipate strong interest from owner-occupiers, serviced office operators, and developers looking to tap into Winchester’s vibrant community,” he added.
Adding to its investment appeal, the property currently houses one tenant on the ground floor, contributing an annual rent, with a lease set to expire in November 2025. This arrangement offers prospective buyers a steady income stream while exploring the building’s possibilities.
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