110-112 Southampton Road, Salisbury, SP1 2LE Industrial Investment Producing £76,000 per annum exclusive For Sale Freehold Net Initial Yield 6.5% LOCATION Salisbury is an historic Cathedral City in Central Southern England. It has a resident population of 40,302 approximately and a Salisbury District population of 117,500 (Source: 2011 Census). Rail communications are provided by a main -line Station with frequent service to London (Waterloo) (90 minutes approx.). Road communications are well served to London via A303 (M3) (88 miles); Southampton via A36 (M27) (24 miles); Bristol via A36 (54 miles); Exeter via A303 (91 miles) (Source: The AA).
SITUATION The site is situated fronting the A36 Southampton Road, the principal route into Salisbury from the south east. The Southampton Road area of Salisbury has become established as the principal edge of town retail area, with occupiers including Tesco, B&Q, Homebase, Currys, Next, Dunelm and a range of other retail and trade counter occupiers.
DESCRIPTION The property comprises two detached buildings, situated fronting onto the A36 Southampton Road on the south eastern edge of Salisbury.
110 Southampton Road comprises a retail warehouse let to American Golf Reproduced from Ordnance Survey Map with the consent of the Controller of HM Stationery Discount Centre Ltd. The building was substantially refurbished prior to a Office. Crown Copyright Reserved. letting to American Golf, with the building stripped back to the bare frame and completely re-clad in insulated composite cladding panels to provide VAT an “as new” shell for American Golf to fit out for their requirements. Price exclusive of VAT (if applied).
112 Southampton Road comprises an industrial building and is of SERVICES steelframe construction with profile steel cladding to walls and roof. It is let Mains electricity (3 phase), gas, water and private drainage available. to Sandown Dorset & Wiltshire Ltd, who operate 6 Mercedes Benz Caution: The services and fittings mentioned in these particulars have not been tested and hence, we cannot confirm they are in working order. dealerships, including the Salisbury franchise based on Southampton
Road. They utilise the building for smart repairs and PDI of vehicles prior to PLANNING sale. No. 110 has planning consent for A1, retail use for the sale of golf equipment, golf apparel and accessories. No. 112 has an established use ACCOMMODATION within Class B2 as a motor workshop. Interested parties should satisfy 110 Southampton Road themselves as to the suitability of their proposed use. All enquiries should Retail Warehouse 4109 sq ft (381.73 sq m) be directed to Wiltshire Council Planning Department, The Council House, Bourne Hill, Salisbury, SP1 3UZ. Tel: 01722 434327. 112 Southampton Road Warehouse 3058 sq ft (284.09 sq m) VIEWING Strictly by appointment only. TENURE Freehold, subject to the existing leases. Ref: PH/DS/JW/10964-Inv
TENANCIES 110 Southampton Road is let to American Golf for a term of 15 years from Regulated by the RICS. 31 January 2014, subject to upward only rent reviews after 5 and 10 years. The lessee has the right to break the lease after 10 years. The passing rent is £60,000 per annum. CODE OF PRACTICE The Code of Practice on commercial leases recommends you seek professional advice from a qualified Surveyor, Solicitor or Licensed Conveyancer before agreeing or signing a business tenancy agreement. The code is available from professional institutions and trade associations or through the 112 Southampton Road is let to Sandown Dorset & Wiltshire Ltd for a term web-site: www.leasingbusinesspremises.co.uk. of 5 years from 14 January 2015, subject to an upward only rent review at DISCLAIMER rd nd the end of the 3 year of the term and tenant’s break at the end of the 2 Myddelton & Major for themselves and for the vendors or lessors of this property whose agents they year. The passing rent is £16,000 per annum. The lease is on full repairing are give notice that:- i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of an offer or contract. ii) all descriptions, and insuring terms, subject to a schedule of condition. dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise PRICE as to the correctness of each of them. iii) no person in the employment of Myddelton & Major has any authority to make or give any representation or warranty whatever in relation to this property. £1.1 million, equating to a net initial yield of 6.5% after purchaser’s costs of 5.75% ENERGY PERFORMANCE CERTIFICATE
110 Southampton Road 112 Southampton Road