Development & investment opportunity - sought after location in Winchester
Location
3 Eastgate Street is situated in a prominent position opposite King Alfred the Great Statue at the junction of Eastgate with the Broadway, the latter forming part of the B3330 leading to the Bar End area of Winchester and the M3 motorway.
Description
Property
The property occupies a prominent mid-terrace position and is arranged over basement, ground, mezzanine, first and second floors with rendered elevations under a pitched slate roof at the front.
There is a single storey flat roof extension to the rear connecting with a former outbuilding.
The ground floor current use is a restaurant with bar and ancillary space gia 109 sqm (1,176 sqft) The first & second floors comprise of living and ancillary accommodation gia 110 sqm (1,188 sqft) with planning permission to convert to two 1 x bedroom apartments
Description
The property benefits from a ground floor customer area seating up to 70 customers but typically laid out to accommodate 55 covers.
Features include a bar servery, skylights to the mid-sections of the restaurant, ladies’ and gent's WCs, trade kitchen and a mezzanine providing kitchen storage.
There is a rear access from a narrow street serving the adjacent residential properties. There is a self-contained entrance at ground floor level fronting Eastgate Street leading into a hallway giving access to the basement, a store at half-landing level and the first and second floors.
The first floor comprises two staff bedrooms, a domestic kitchen and bathrooms. The second floor has three staff bedrooms and a bathroom.
Planning
We understand the premises benefits from an A3 Use Class.
We understand the property is a Grade II Listed building and is within a Winchester Conservation Area.
Planning Permission
Planning permission has been granted to create two modern self- contained residential 1 bedroom flats 20/01156/ful.
There is an option to buy the first & second floors separately for a project.
Please contact the agent to discuss further.
Square Footage: 3394 sq ft