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Leasehold Shop Investment
Comprising a ground floor lock-up shop
EPC Rating 56 Band C
VAT is applicable to this property
Situated close to Salisbury Rail Station
Occupiers close by include Premier convenience store and Sweeny Hair
Investment Consideration: Gross Initial Yield: 7.27% Rental Income: £8,000 p.a. VAT is applicable to this property. Comprising a ground floor lock-up shop. EPC Rating 56 Band C. Situated close to Salisbury Rail Station. Occupiers close by include Premier convenience store (adjacent) and Sweeny Hair (opposite) amongst other local occupiers.
Property Description: The property is arranged on ground floor only to provide a lock-up shop.
The property provides the following accommodation and dimensions: Ground Floor Shop: 67.05 sq m (722 sq ft) Gross Frontage: 4.80 m (15`9”)
Tenancy: The shop is at present let to M Higginson for a term of 5 years from 7th August 2015 at a current rent of £8,000 per annum and the lease contains full repairing and insuring covenants.
Tenure: Leasehold held for a term of 125 years from 17th August 2007 (thus having approximately 112 years unexpired) at a current ground rent of £100 per annum.
Location Description: The cathedral city of Salisbury, with a population of some 40,000, is a major commercial, tourist and administrative centre serving a wide catchment area. The city has good road communications being south of the A303 and served by the A30, A36, A338 and A354 roads and also benefits from rail services to London and the South West. The property is situated on the southern side of Fisherton Street, approximately 160 metres to the east of Salisbury Rail Station, and on the main thoroughfare between the rail station and the town centre.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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