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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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