West Street, Salisbury

£120,000

Guide price

  • Bedrooms: 1
**Attention Investors 7 % Yeild **

Own the FREE HOLD to the most prominent shop front in Wilton.

A rare opportunity to acquire the free hold interest of this centrally located building consisting of a spacious ground floor commercial shop with a triple bank window display currently tenanted to August 2021 and two residential flats above which have been sold on long leases of 125 years from 2017. (business unaffected)

Shop

Currently leased to Paloma Lilly on a full repair and maintenance lease which expires August 2021 with no break clause. The agreed rental of £8,400 per annum offers a yield of 7%.

Services to the shop

Electric and water

We are advised that VAT is not applicable.

Insurance

Responsibility of the freeholder – 2017 premium £507 per annum to be equally split between the three.

Maintenance - Split equally between the three as and when required.

Sizes

Shop floor - 617sq ft approx

Storage Room - 70sq ft approx

Kitchen - 66 sq ft

Total - 753 sq ft approx

There is also a WC and wash area.

Residential Flats Above

Both Flats have been sold with a 125-year lease from 2017.

The sizes are as follows

2a West Street – 2 Bedroom 1st Floor Flat 688sq ft

2b West Street – 2 Bedroom 2nd Floor Flat 753sq ft

£50/year ground rent.

Links

Communications in the area are excellent with the A303 about 7 miles to the north providing a link to the M3, M25 and London or the West Country. Salisbury Station offers a mainline service to London Waterloo taking from 1 hour 28 minutes. There are a number of renowned schools within reach, including Leadon Hall, Godolphin, Chaffyn Grove and the highly regarded boys’ and girls’ Grammar schools in Salisbury. Racing at Salisbury, Wincanton and Newbury. Golf at Rushmore and South West Wilts. Watersports along the South Coast.

Location

The building is situated on West Street in the centre of the thriving medieval market town of Wilton about 3 miles to the west of the historic Cathedral City of Salisbury. Wilton has a comprehensive range of shops and facilities including a local market, deli, baker, co-op, coffee houses, pubs and restaurants, doctor’s surgeries and a dentist. The larger towns of Salisbury and Bath offer a wider range of shopping, cinema, theatre and arts.

Directions

From our offices proceed on the A30 to Wilton, turning left at the roundabout just past Wilton Garden Centre. Continue until you reach the traffic lights and you will see the shop straight ahead of you.

Arrange viewing 01722 442444

Oliver Chandler

62 Castle Street, Salisbury

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