Freehold Convenience Store Investment
Freehold Convenience Store Investment
Salisbury is an attractive and affluent cathedral city in Wiltshire, which benefits from from regular rail services to London Waterloo with a journey time of approximately 90 minutes. The property is situated on the east side of the A36 in a predominantly residential area.
Freehold.
Salisbury is an attractive and affluent cathedral city in Wiltshire, which benefits from from regular rail services to London Waterloo with a journey time of approximately 90 minutes. The property is situated on the east side of the A36 in a predominantly residential area.
Freehold.
The property comprises ground floor convenience store accommodation and first floor residential accommodation, which comprises a three bedroom flat with separate access. There is an adjoining single storey structure to the rear of the property that provides external storage accommodation. The tenant has sub-let the flat on an Assured Shorthold Tenancy.
VAT is not applicable to this lot.
Six Week Completion
Band B. See legal pack at acuitus.co.uk
The property comprises ground floor convenience store accommodation and first floor residential accommodation, which comprises a three bedroom flat with separate access. There is an adjoining single storey structure to the rear of the property that provides external storage accommodation. The tenant has sub-let the flat on an Assured Shorthold Tenancy.
VAT is not applicable to this lot.
Six Week Completion
Band B. See legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Residential |
129.90 sq m 92.90 sq m |
(1,398 sq ft) (1,000 sq ft) |
SOUTHERN CO-OPERATIVE RETAILERS LIMITED (1) |
12 years from 29/09/2018 on a full repairing and insuring lease (2) |
£25,000 | 29/09/2022, 29/09/2026 28/09/2030 (28/09/2030) |
| Total | 222.80 sq m |
(2,398 sq ft) |
£25,000 | ||||
(1) Southern Co-operative Retailers Limited was established over 145 years ago, and now operates more than 210 community convenience stores and 50 funeral homes across eleven counties in southern England
(Source: thesouthernco-operative.co.uk 29/04/2019).
(2) The lease provides for a tenant option to determine on 29/09/2023.
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