Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
21 miles north-west of Southampton, 40 miles south-east of Bath, 87 miles south-west of London
Roads
A66, M27, A303
Rail
Salisbury Rail
Air
London Heathrow Airport
Situation
The property is situated within Salisbury city centre, on the eastern side of Castle Street in an established professional office pitch, and a short distance from the prime retail area including The Old George Mall Shopping Centre. Other nearby occupiers include BT, Debenhams, Lloyds Bank and Iceland.
Tenure
Freehold.
Location
Miles
21 miles north-west of Southampton, 40 miles south-east of Bath, 87 miles south-west of London
Roads
A66, M27, A303
Rail
Salisbury Rail
Air
London Heathrow Airport
Situation
The property is situated within Salisbury city centre, on the eastern side of Castle Street in an established professional office pitch, and a short distance from the prime retail area including The Old George Mall Shopping Centre. Other nearby occupiers include BT, Debenhams, Lloyds Bank and Iceland.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit fronting Castle Street and self-contained three storey office accommodation accessed from the side of the property via an attractive paved
courtyard. The offices benefit from suspended ceilings with recessed lighting, comfort cooling and a 5-person passenger lift.
Six Week completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit fronting Castle Street and self-contained three storey office accommodation accessed from the side of the property via an attractive paved
courtyard. The offices benefit from suspended ceilings with recessed lighting, comfort cooling and a 5-person passenger lift.
Six Week completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review
46
Ground
Retail/A2 (2)
85.61 sq m
(922 sq ft)
ROWANMOOR GROUP PLC (1)
10 years from 24/12/2014 until 23/12/2024 (3)
£83,000
24/12/2019
48-50
Ground First Second
Office Office Office
182.10 sq m 297.30 sq m 187.10 sq m
(1,960 sq ft) (3,200 sq ft) (2,014 sq ft)
Totals
752.11 sq m
(8,096 sq ft)
£83,000
(1) For the year ending September 2014, Rowanmoor Group plc reported a turnover of £13,780,000, pre-tax profits of £126,000 and a total equity of £2,926,000 (Source: Rowanmoor Group plc Financial Statement for year ended 30/09/2014). Rowanmoor Group plc is the largest independent Small Self-Administration Scheme (SSAS) provider and a bespoke Self-Invested Personal Portfolio (SIPP) operator (Source: www.rowanmoor.co.uk 23/09/2015). (2 46 Castle Street has been sub-let and is trading as Connells Residential. Connells Residential is one of the largest and most successful estate agency groups in the UK, with a network of around 170 branches across the country (Source: www.connell.co.uk 21/09/2015). (3)The property is currently let on a five year lease from 24/12/2014. The tenant has signed a reversionary lease for a further five years expiring 24/12/2024.
