Alterity sells in Winchester

Published:  27 April, 2017

Alterity Investments has sold 12/15 High Street for £15.825m

The property is situated on the prime retail pitch of Winchesterís High Street and comprises three integrated buildings forming a single department store offering 50,612 sq ft of retail space across five floors. It is currently occupied by Debenhams on a 30-year lease, with 17 years left until lease expiry, with fixed rental increases throughout the remainder of the lease. Debenhams is the only department store in the city.

Alterity Investments was advised by MMX Retail and partner Scott Mitchell said: ďWinchester presents an attractive opportunity for investors due to its affluent catchment and the significant number of visitors it receives each year. The sale of this asset fitted with our clientís investment strategy having acquired the asset in 2007Ē.

CBRE represented the purchaser.

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