Salisbury is an attractive medieval Cathedral City in Wiltshire. The city is approximately 23.5 miles from Southampton via the A36 and has good road connections to London and the south west via the A303.
The property occupies a prime trading location in the City Centre with dual frontages to both Minster Street and Market Square/Oatmeal Row where a busy market operates on Tuesdays and Saturdays, and nearby national occupiers include Pizza Express, Debenhams, Hays Travel and Boots.
A Grade II listed property comprising spacious ground floor double fronted retail space together with ancillary space arranged over the first, second and third floors. The shop is well presented and benefits from an electronic door (to Oatmeal Row), air conditioning and alarm systems.
Ground Floor Sales Area: 1,459 sq ft (135 sq m)
First Floor Ancillary: 603 sq ft (56.04 sq m)
Second Floor Ancillary: 526 sq ft (48.88 sq m)
Male and Female WC's
Third Floor Ancillary: 569 sq ft (52.88 sq m)
Total Net Internal Area: 3,157 sq ft (293.29 sq m)
Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
Asset Rating -C (74)
Rateable Value £74,500
Source www.voa.org.uk The 2021/2022 standard multiplier is 0.512 (5.12p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Available by way of a new full repairing and insuring lease for a term to be agreed at £50,000 per annum exclusive of rates VAT (if applicable) and all other outgoings.
The lease will incorporate upwards only rent reviews every 5 years.
( Agency Pilot Software Ref: 7651 )