New 5 year renewed lease from February 2023 (subject to option)
Tenant in occupation for at least 15 years
Historic Popular Cathedral City location
Close to Old George Mall & Salisbury Cathedral
Nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Pizza Express, Nando's, Pret a Manger, Costa, Waterstones, WHSmith and Clarks
Lot 2
Auction 13th July 2023
Rent £19,300 per Annum Exclusive
Status Sold
Price £200,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles north-west of Southampton, 31 miles south-east of Bath
Roads
A30, A36, A354
Rail
Salisbury Railway Station (approx. 90 mins to London Waterloo)
Air
Bournemouth International Airport, Bristol Airport
Situation
Salisbury is a major commercial and tourist Cathedral City some 22 miles north-west of Southampton. The property is situated in a popular retailing location on the west side of Catherine Street, close to Old George Mall where retailers include Marks & Spencer, Costa, Greggs, H&M, WHSmith and CardFactory. Other nearby occupiers include Superdrug, Pizza Express, Nando's, Pret a Manger, Waterstones and Clarks.
Tenure
Freehold.
Location
Miles
22 miles north-west of Southampton, 31 miles south-east of Bath
Roads
A30, A36, A354
Rail
Salisbury Railway Station (approx. 90 mins to London Waterloo)
Air
Bournemouth International Airport, Bristol Airport
Situation
Salisbury is a major commercial and tourist Cathedral City some 22 miles north-west of Southampton. The property is situated in a popular retailing location on the west side of Catherine Street, close to Old George Mall where retailers include Marks & Spencer, Costa, Greggs, H&M, WHSmith and CardFactory. Other nearby occupiers include Superdrug, Pizza Express, Nando's, Pret a Manger, Waterstones and Clarks.
Tenure
Freehold.
Description
The property comprises a charity shop arranged on the ground, first, second and third floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a charity shop arranged on the ground, first, second and third floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First Second Third
Retail Ancillary Ancillary Ancillary
59.43 33.28 26.08 29.96
(640) (358) (281) (322)
OXFAM (2)
5 years from 01/02/2023 (3)
£19,300
Total
148.75
(1,601)
£19,300
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Oxfam was set up in 1942 and is a development, relief and campaigning organisation and part of Oxfam International (www.oxfam.org.uk) (3) The lease is subject to a tenant only option to determine on 31/01/2026.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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