10 Kelsey Road
Salisbury
Wiltshire
SP1 1JP

Freehold Convenience Store Investment

  • Let to Southern Co-operative Retailers Limited until 2030 (subject to option)
  • 4 year upward only rent reviews
  • Includes 3 bedroom flat
  • Lot
    28
  • Auction
    23/May/2019
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £350,000 - £375,000
  • Sector
    Supermarket
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 10 Kelsey Road<br>Salisbury<br>Wiltshire<br>SP1 1JP
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* More information on the term "price" can be found here

Property Information

Location
Miles
22 miles north-west of Southampton
31 miles south-east of Bath
88 miles west of London
Roads
A30, A36, A354
Rail
Salisbury Railway Station
(approx 90 mins to London Waterloo)
Air
Bournemouth International Airport
Situation

Salisbury is an attractive and affluent cathedral city in Wiltshire, which benefits from from regular rail services to London Waterloo with a journey time of approximately 90 minutes. The property is situated on the east side of the A36 in a predominantly residential area.

Tenure

Freehold.

Description

The property comprises ground floor convenience store accommodation and first floor residential accommodation, which comprises a three bedroom flat with separate access. There is an adjoining single storey structure to the rear of the property that provides external storage accommodation. The tenant has sub-let the flat on an Assured Shorthold Tenancy.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Ground
First
Retail
Residential
129.90 sq m
92.90 sq m
(1,398 sq ft)
(1,000 sq ft)
SOUTHERN
CO-OPERATIVE
RETAILERS
LIMITED (1)
12 years from
29/09/2018 on a
full repairing and
insuring lease (2)
£25,00029/09/2022,
29/09/2026
28/09/2030
(28/09/2030)
Total
222.80 sq m
(2,398 sq ft)
  £25,000 

(1) Southern Co-operative Retailers Limited was established over 145 years ago, and now operates more than 210 community convenience stores and 50 funeral homes across eleven counties in southern England
(Source: thesouthernco-operative.co.uk 29/04/2019).
(2) The lease provides for a tenant option to determine on 29/09/2023.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.05.19
    File Size
    18 MB
    Login to View
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    721 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

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