69 Netherhampton Road Salisbury Wiltshire SP2 8NA

  • 69 Netherhampton Road<br>Salisbury<br>Wiltshire<br>SP2 8NA

69 Netherhampton Road
Salisbury
Wiltshire
SP2 8NA

Well Secured Freehold Convenience Store Investment

  • Entirely let to One Stop Stores Limited (a part of Tesco Plc)
  • New 20 year lease from January 2018 (subject to option) - Lease Renewal
  • Comprising convenience store with forecourt parking and one bedroom flat with separate entrance
  • Future Change of Use/Redevelopment potential (subject to lease and consents)
  • VAT-free Investment
  • Attractive and affluent Cathedral City
  • Lot
    1
  • Auction
    28th March 2018
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £511,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Well Secured Freehold Convenience Store Investment

  • Entirely let to One Stop Stores Limited (a part of Tesco Plc)
  • New 20 year lease from January 2018 (subject to option) - Lease Renewal
  • Comprising convenience store with forecourt parking and one bedroom flat with separate entrance
  • Future Change of Use/Redevelopment potential (subject to lease and consents)
  • VAT-free Investment
  • Attractive and affluent Cathedral City
  • Lot 1
  • Auction 28th March 2018
  • Rent £25,000 per Annum Exclusive
  • Status Sold
  • Price £511,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
1 mile south-west of Salisbury City Centre, 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

Salisbury is an attractive Cathedral City with a population of over 40,000 people. The property is situated in a predominantly residential area on the southern side of Netherhampton Road (A3094), at its junction with Norfolk Road. Netherhampton Road links to the southern side of the City of Salisbury to the western approach and leads to the town’s renowned racecourse.

Tenure

Freehold.

Location
Miles
1 mile south-west of Salisbury City Centre, 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

Salisbury is an attractive Cathedral City with a population of over 40,000 people. The property is situated in a predominantly residential area on the southern side of Netherhampton Road (A3094), at its junction with Norfolk Road. Netherhampton Road links to the southern side of the City of Salisbury to the western approach and leads to the town’s renowned racecourse.

Tenure

Freehold.

Description

The property comprises a ground floor convenience store with post office and upper floor flat. The property benefits from customer forecourt car parking.

VAT

VAT is not 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 ground floor convenience store with post office and upper floor flat. The property benefits from customer forecourt car parking.

VAT

VAT is not 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/Ancillary
Residential –
One bedroom flat
148.90 sq m
-
(1,603 sq ft)
(-)
 ONE STOP
STORES LIMITED
(1)		 20 years from
23/01/2018 until
22/01/2038 (2) on a
full repairing and
insuring lease		 £25,000 23/01/2028
23/01/2033
Total Commercial Area
148.90 sq m
(1,603 sq ft)
     £25,000  

(1) For the year ending 25th February 2017, One Stop Stores Limited reported a turnover of £1,011,260,000, pre-tax profits of £18,815,000 and a total net worth of £117,956,000 (Source: Experian Group 26/02/2018).
(2) The lease is subject to a tenant option to determine on 23rd January 2028.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate AuctioneersJack Brown 020 7908 7032jack@hrhretail.com
Seller's Solicitors
Howard Kennedy LLP 1 London Bridge
London
SE1 9BG
Rose Gosden 7803 755 5392rose.gosden@howardkennedy.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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