Summary - 40, JEWRY STREET SO23 8RY
1 bed 1 bath Retail Property (high street)
Income-producing central asset with residential conversion potential near transport links.
- Freehold mixed-use building in central Winchester, high footfall location
- Total passing rent £198,159 per annum; offered subject to existing leases
- 11 off-street parking spaces accessed via rear courtyard archway
- Passenger lift, WC facilities to every floor, two staircases
- Potential for residential conversion, subject to planning (not secured)
- Built c.1980 with Victorian arched windows and high ceilings
- Several office suites currently vacant (4 of 7 unlet)
- Local area records higher crime; factor management/security costs
Sheridan House is a substantial, income-producing mixed-use freehold in central Winchester, positioned under 100m from the High Street and about a seven-minute walk from the station. The building comprises two ground-floor retail units and multi-level offices above, served by a passenger lift, WC provision on every floor and rear courtyard access to 11 off-street parking spaces. Total passing rent is £198,159 per annum and the property is offered subject to the existing leases.
The location is one of the property’s principal strengths: high footfall, excellent transport links to the M3 and frequent rail services to London, and a wide range of nearby amenities. The building’s Victorian arched windows and high ceilings give scope for boutique office or retail occupiers to trade prominently from Jewry Street. There is also explicit potential for conversion to residential use, subject to planning, which could unlock significant alternative value in this city-centre setting.
Buyers should note material constraints: conversion is not guaranteed and would require planning consent, and parts of the office accommodation are currently vacant (four of seven suites unlet). The area records higher-than-average crime; purchasers should factor management and security costs into operating assumptions. VAT and the usual transaction costs apply, and full lease and service charge data should be reviewed in the data room.
This opportunity suits investors seeking an income asset with redevelopment upside in an affluent cathedral city. It also appeals to a purchaser able to take a hands-on approach to asset management or to progress a planning-led residential scheme once statutory approvals are confirmed.
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