Southampton Road Retail Park Salisbury, SP1 2LB

Dominant, prime well let retail park

Salisbury is the only city in Wiltshire and benefits from no retail competition within a 30 minute drive time, dominating an extensive and affluent catchment population. Southampton Road Retail Park is the largest, most modern dominant and prime scheme in the town, situated in the main retail warehouse destination, off the A36 Southampton Road. Tenants on the 128,842 sq ft scheme are The Range, Currys, Next, DFS, Oak Furnitureland, Tapi and B&M. Hobbycraft are fitting out and opening a unit soon. Total rent of £1,871,905 per annum, equating to a low average rent for a scheme of this calibre, of just £14.57 per sq ft, giving the opportunity for future rental growth. A and B rated EPC’s and BREEAM ‘Very Good’ rating. Just under 7 years to expiry with over 83% of the income secured against 5A rated D&B covenants. Medium term asset management angles to improve the WAULT and ESG credentials of the scheme. Mixed planning consent including open A1 including food across 2 units. Offers are invited in excess of £25,050,000 (Twenty Five Million and Fifty Thousand Pounds), subject to contract and exclusive of VAT, allowing for purchaser’s costs of 6.76%. This reflects a net initial yield of 7.00%.