A PROMINENT commercial building in the heart of Winchester is to go under the auctioneer’s hammer.

Opposite the Law Courts in the cathedral city, 80/81 High Street and St Pauls Court have a freehold guide price of £1.5m to £1.6m.

Currently let at £109,200 per annum, the property is among 115 lots being sold by regional land and property auctioneers Clive Emson on Friday.

Rob Marchant, Hampshire’s auctioneer for Clive Emson, said: “It is rare to have a building like this on the market, right in the middle of historic Winchester, and we anticipate keen interest from property investors.

“The freehold investment comprises four commercial units, all let at a rental of £108,500 per annum, with the remaining income from the ground rents of seven residential flats sold on a long leasehold basis.”

Situated in a triangle between Thomas Lewis Way and Bevois Hill, a 0.09-acre plot of land around Bevois Mansions at Bevois Hill, Southampton, is guided freehold at £5,000-plus.

Four acres of freehold woodland at Wardle Road, Highbridge, Eastleigh, has an estimate of £40-50,000.

Also under the hammer is land at the corner of Britannia Way and Lichfield Drive, Priddys Hard, Gosport. The 0.07-acre site has a freehold guide of £35-40,000.

Rob said: “Subject to planning consent, there is scope for residential redevelopment, garaging, parking or open storage.”

Clive Emson’s auctions, the first of eight schedule for 2019, starts at 11am at the Solent Hotel & Spa, Rookery Avenue, Whiteley.