Unit 5 Wyndham Centre, Dairy Meadow Lane, Salisbury Business Park, Salisbury, Wiltshire, SP1 2TJ

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £250,000

  • Leasehold warehouse investment
  • Let to Rex Garage Salisbury Limited until 2027
  • In occupation for 27 years
  • Producing £23,500 per annum

Details

Location

Miles: Southampton 22 miles, Warminster 22 miles, Andover 18 miles
Roads: A36, A354, A338, A303
Rail: Salisbury

Description

The property comprises an end of terrace single storey industrial unit with two storey offices set within the front elevation. The warehouse has a roller shutter vehicle access door beneath a canopy and internally has a ceiling clear height of 24ft.

The property lies within a commercial retail and business park alongside the A36, with local occupiers including Halfords, Maplin and a nearby Tesco Extra.

Tenure

Leasehold for a term of 125 years (less one day) from 22/06/1990 at a peppercorn

Planning

Wiltshire Council (0300 456 0114) www.wiltshire.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 322.84 3,475 £23,500
Unit 5, Wyndham Centre Rex Garage (Salisbury) Ltd (1) (2) Ground Ground First Workshop Office Office 234.79 45.33 42.72 2,527 488 460 10 years from 02/08/2017 £23,500 02/08/2022
The areas have been taken from the VOA website.
(1) The tenant has been in occupation since 1990.
(2) The is a tenant's break option on 02/08/2022.

Contact

Seller's solicitor

Wright Hassall LLP

Andrew Jones

01926 884617

andrew.jones@wrighthassall.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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