31 New Canal Salisbury Wiltshire SP1 2AA

31 New Canal
Salisbury
Wiltshire
SP1 2AA

Prime Freehold Retail Investment

  • Let to Pret a Manger (Europe) Limited
  • Lease expires June 2030 (no breaks)
  • Adjacent to Russell & Bromley and close to Jigsaw, L'Occitane, Pandora and Joules
  • Significant return frontage into Old George Mall with external customer seating
  • First class location in attractive and popular Wiltshire cathedral city
  • Lot
    16
  • Auction
    11th July 2018
  • Rent
    £121,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prime Freehold Retail Investment

  • Let to Pret a Manger (Europe) Limited
  • Lease expires June 2030 (no breaks)
  • Adjacent to Russell & Bromley and close to Jigsaw, L'Occitane, Pandora and Joules
  • Significant return frontage into Old George Mall with external customer seating
  • First class location in attractive and popular Wiltshire cathedral city
  • Lot 16
  • Auction 11th July 2018
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
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

The property is situated in a first class trading position on the southern side of New Canal, at the main entrance to Old George Mall Shopping Centre, in the heart of Salisbury city centre. Nearby occupiers include Russell & Bromley, Jigsaw, L'Occitane, Pandora and Joules, as well as Marks & Spencer, Boots the Chemist, H&M and Superdrug.

Tenure

Freehold.

Location
Miles
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

The property is situated in a first class trading position on the southern side of New Canal, at the main entrance to Old George Mall Shopping Centre, in the heart of Salisbury city centre. Nearby occupiers include Russell & Bromley, Jigsaw, L'Occitane, Pandora and Joules, as well as Marks & Spencer, Boots the Chemist, H&M and Superdrug.

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop, with further ancillary potential to be retail) accommodation on the first floor. The property benefits from a significant return frontage into Old George Mall Shopping Centre, with external seating.

VAT

VAT is 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 well configured ground floor shop, with further ancillary potential to be retail) accommodation on the first floor. The property benefits from a significant return frontage into Old George Mall Shopping Centre, with external seating.

VAT

VAT is 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
Potential Retail/Ancillary
209.86 sq m
117.42 sq m
(2,259 sq ft)
(1,264 sq ft)
PRET A MANGER
(EUROPE) LIMITED
(1)
15 years from
22/06/2015 until
21/06/2030 on a full
repairing and insuring
lease
£121,000 22/06/2020
22/06/2025
Total
327.28 sq m
(3,523 sq ft)     £121,000  

(1) For the year ending 29th December 2016, Pret a Manger (Europe) Limited reported a turnover of £575,032,000, pre-tax profits of £86,059,000 and a total net worth of £380,719,000. Pret a Manger currently operates from around 450 stores worldwide (Sources: Experian Group and www.pret.com 08/06/2018).

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    5 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP One Fleet Place
London
EC4M 7WS
Alex Coulter 020 7634 8728alex.coulter@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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