31 New Canal Salisbury Wiltshire SP1 2AA

31 New Canal
Salisbury
Wiltshire
SP1 2AA

Prime Freehold Retail Investment

Let to Pret a Manger (Europe) Limited
Lease expires June 2030 (no breaks)
Adjacent to Russell & Bromley and close to Jigsaw, L'Occitane, Pandora and Joules
Significant return frontage into Old George Mall with external customer seating
First class location in attractive and popular Wiltshire cathedral city

Lot
16
Auction
11th July 2018
Rent
£121,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Let to Pret a Manger (Europe) Limited
Lease expires June 2030 (no breaks)
Adjacent to Russell & Bromley and close to Jigsaw, L'Occitane, Pandora and Joules
Significant return frontage into Old George Mall with external customer seating
First class location in attractive and popular Wiltshire cathedral city

Lot 16
Auction 11th July 2018
Rent £121,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 22 miles north-west of Southampton, 31 miles south-east of Bath
Roads: A30, A36, A354
Rail: Salisbury Railway Station
Air: Bournemouth International Airport

Situation

The property is situated in a first class trading position on the southern side of New Canal, at the main entrance to Old George Mall Shopping Centre, in the heart of Salisbury city centre. Nearby occupiers include Russell & Bromley, Jigsaw, L'Occitane, Pandora and Joules, as well as Marks & Spencer, Boots the Chemist, H&M and Superdrug.

Tenure

Freehold.

Location

Miles: 22 miles north-west of Southampton, 31 miles south-east of Bath
Roads: A30, A36, A354
Rail: Salisbury Railway Station
Air: Bournemouth International Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop, with further ancillary potential to be retail) accommodation on the first floor. The property benefits from a significant return frontage into Old George Mall Shopping Centre, with external seating.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
Ground First	Retail Potential Retail/Ancillary	209.86 sq m 117.42 sq m	(2,259 sq ft) (1,264 sq ft)	PRET A MANGER (EUROPE) LIMITED (1)	15 years from 22/06/2015 until 21/06/2030 on a full repairing and insuring lease	£121,000	22/06/2020 22/06/2025
Total		327.28 sq m	(3,523 sq ft)			£121,000

(1) For the year ending 29th December 2016, Pret a Manger (Europe) Limited reported a turnover of £575,032,000, pre-tax profits of £86,059,000 and a total net worth of £380,719,000. Pret a Manger currently operates from around 450 stores worldwide (Sources: Experian Group and www.pret.com 08/06/2018).