52-54 New Canal Salisbury, SP1 2AQ

Lease Term

The property is let to British Heart Foundation on a full repairing and insuring lease for a term of 10 years, granted from 17 January 2018 at a rent of £54,000 per annum exclusive, without further review. NB: The tenant has been granted a personal concession by way of side letter, to incorporate tenant only break options effective from 16 January 2026 and 2027, each with 6 months prior notice and subject to the tenant paying a break penalty of £3,500.

Rent

Subject to contract, rental offers are invited in the region of £54000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Price

£550,000, representing a net initial yield of 9.34% after purchaser’s costs at 4.94%.

Service Charge

Mains electricity, water and drainage available. Caution: The services and fittings mentioned in these particulars have not been tested and hence, we cannot confirm they are in working order.

Tenure Detail

Freehold, subject to the existing tenancy.

Terms & Conditions

Interested parties should satisfy themselves as to the suitability of their proposed use. All enquiries should be directed to Wiltshire Council Planning Department, The Council House, Bourne Hill, Salisbury, SP1 3UZ. Tel: 0300 456 0114.

Vat

VAT is payable on the sale price.

Business Rates

Rateable Value: £62,500.* Rates payable for year ending 31/03/25: £34,125. *Interested parties should satisfy themselves that the Rateable Value/Rates Payable are correct.

Rates