Acquired
Salisbury – Retail Shop
103B Fisherton Street, Salisbury, Wiltshire SP2 7SPLeasehold Shop Investment
Tenure
Leasehold
Lease Term
6 Years 11 Months
Years Left on Lease
2y 11m
Area
722 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor lock-up shop
- Situated close to Salisbury Rail Station with occupiers close by including Premier convenience store (adjacent), hair salon, restaurant/takeaways and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises ground floor shop with rear access, providing the following accommodation and dimensions:
Ground Floor: 67.05 sq m (722 sq ft)
Open plan retail, Storage, WC
Ground Floor: 67.05 sq m (722 sq ft)
Open plan retail, Storage, WC
Tenancy Description
The shop is at present let to an Individual for a term of 6 years and 11 months from 30th November 2020 at a current rent of £9,440 p.a. and the lease contains full repairing and insuring covenants. Rent reviews on 30 June 2026 (open market). No breaks. Deposit held of £2,400.
Tenure:
Long leasehold. Held for a term of 125 years from 17th August 2007 at a current ground rent of £100 p.a until 2040, £300 p.a. until 2077, £500 p.a. until 2110 and £700 p.a for the remainder of the lease.
Tenure:
Long leasehold. Held for a term of 125 years from 17th August 2007 at a current ground rent of £100 p.a until 2040, £300 p.a. until 2077, £500 p.a. until 2110 and £700 p.a for the remainder of the lease.
Tenancies & Accommodation
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.
