Winchester shop building sold at auction for more than £1 million (From Hampshire Chronicle)

Winchester shop building sold at auction for more than £1 million

1:55pm Wednesday 17th March 2010 in

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A Winchester city centre building has sold for a seven-figure sum at auction in London.

Auctioneers Savills sold the grade II listed building at 47 High Street for £1,470,000.

The property is let to JJB Sports until 2019 at an annual rental income of £92,500.

It is a historic building and in the 19th century was a coaching inn. The Duke of Wellington, victor at the Battle of Waterloo in 1815, addressed a crowd from the first floor window during his subsequent political career.

Meanwhile another Winchester pub has been put on the market.

Christie + Co is selling the historic First In, Last Out public house on Wales Street, Winnall. The leasehold is available for £75,000. it has had a number of landlords in recent years.

The 18th Century detached two/three-storey property has many character features including exposed ceiling and wall timbers and fireplaces.

On the first floor there are six letting bedrooms with shared facilities and a further letting bedroom is located in the attic.

Keith Goodwin, who is handling the sale at Christie + Co, said: “Due to other business commitments, our client has reluctantly decided to sell this business, which now represents an excellent opportunity for an owner-operator to expand on the existing trade and maximise the potential profits.

“This is a rarely available opportunity to acquire a public house business close to the centre of Winchester.”

There are several pubs available in Winchester including the Rising Sun on Magdalen Hill and the New Queens Head on Stanmore Lane.