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
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.
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
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.
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).
