Winchester bank building sells at auction for £1.87million (From This is Hampshire)
When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
Winchester bank building sells at auction for £1.87million
3:16pm Monday 22nd October 2012 in News
Winchester bank building sells at auction for £1.87million
A Winchester city centre bank building has exceeded its guide price at auction.
The Santander Bank at number 21 High Street went under the hammer for £1.87million in London last Wednesday, some £20,000 above the expected £1.8-1.85million range.
CBRE Auctions declined to reveal who had bought the property. The likely purchaser is likely to be a London or even internationally-based pension or investment fund.
The auction gives an insight into the relatively buoyant state of the Winchester property market.
The Santander building currently attracts an annual rent of £125,000, a yield of 6.9 per cent. It has 200 square metres of commercial space. Santander has a lease until June 2019.
