Rowanmoor House 46 / 50 Castle Street Salisbury Wiltshire SP1 3TS

Rowanmoor House
46 / 50 Castle Street
Salisbury
Wiltshire
SP1 3TS

Freehold Office and A2 Investment

Entirely let to Rowanmoor Group PLC until 2024
Ground floor retail unit sublet to Connells Residential
Well located in affluent cathedral city centre
Nearby occupiers include BT, Debenhams, Lloyds Bank and Iceland
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
13
Auction
22nd October 2015
Rent
£83,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office and A2 Investment

Entirely let to Rowanmoor Group PLC until 2024
Ground floor retail unit sublet to Connells Residential
Well located in affluent cathedral city centre
Nearby occupiers include BT, Debenhams, Lloyds Bank and Iceland
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 13
Auction 22nd October 2015
Rent £83,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 21 miles north-west of Southampton, 40 miles south-east of Bath, 87 miles south-west of London
Roads: A66, M27, A303
Rail: Salisbury Rail
Air: London Heathrow Airport

Situation

The property is situated within Salisbury city centre, on the eastern side of Castle Street in an established professional office pitch, and a short distance from the prime retail area including The Old George Mall Shopping Centre. Other nearby occupiers include BT, Debenhams, Lloyds Bank and Iceland.

Tenure

Freehold.

Location

Miles: 21 miles north-west of Southampton, 40 miles south-east of Bath, 87 miles south-west of London
Roads: A66, M27, A303
Rail: Salisbury Rail
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit fronting Castle Street and self-contained three storey office accommodation accessed from the side of the property via an attractive paved
courtyard. The offices benefit from suspended ceilings with recessed lighting, comfort cooling and a 5-person passenger lift.

Six Week completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Review
46	Ground	Retail/A2 (2)	85.61 sq m	(922 sq ft)	ROWANMOOR GROUP PLC (1)	10 years from 24/12/2014 until 23/12/2024 (3)	£83,000	24/12/2019
48-50	Ground First Second	Office Office Office	182.10 sq m 297.30 sq m 187.10 sq m	(1,960 sq ft) (3,200 sq ft) (2,014 sq ft)	ROWANMOOR GROUP PLC (1)	10 years from 24/12/2014 until 23/12/2024 (3)	£83,000	24/12/2019
Totals			752.11 sq m	(8,096 sq ft)			£83,000

(1) For the year ending September 2014, Rowanmoor Group plc reported a turnover of £13,780,000, pre-tax profits of £126,000 and a total equity of £2,926,000 (Source: Rowanmoor Group plc Financial Statement for year ended 30/09/2014). Rowanmoor Group plc is the largest independent Small Self-Administration Scheme (SSAS) provider and a bespoke Self-Invested Personal Portfolio (SIPP) operator (Source: www.rowanmoor.co.uk 23/09/2015).
(2 46 Castle Street has been sub-let and is trading as Connells Residential. Connells Residential is one of the largest and most successful estate agency groups in the UK, with a network of around 170 branches across the country (Source: www.connell.co.uk 21/09/2015).
(3)The property is currently let on a five year lease from 24/12/2014. The tenant has signed a reversionary lease for a further five years expiring 24/12/2024.