Retail for sale - One Stop Investment, Sycamore Drive, Bishopdown, Salisbury, SP1 3GZ
One Stop Investment, Bishopdown, Salisbury, SP1 3GZ
Price
£500,000
Size
2,950 sq ft
Tenure
leasehold
EPC
B
Listed
2 months ago
Property Description
<strong>Description</strong><br>The property comprises a two storey brick built building under a slate pitched and hipped roof. There is full height fenestration with signage to the front elevation.<br />
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To the rear side elevation there is ramped service access.<br />
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The property benefits from a large communal car park to the front, side and rear of the site and providing approximately 9 designated spaces.<br />
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Upon entering the property the convenience store is open plan with cashier counter to the right of the entrance. Back of house is located to the rear providing storage, office, kitchen and staff WC.<br><br><strong>EPC</strong><br>The property has an EPC Rating of B-39. A full EPC Certificate can be provided to parties upon request.<br><br><strong>Tenure</strong><br>Long leasehold (125 year lease from 24 June 1998 at £100 per annum ground rent), subject to the occupational lease.<br><br><strong>Tenancy</strong><br>The property is let on a new 20 year FRI (effective) lease from 30 March 2023. The lease is subject to Tenant only break clauses at year 10 and 15 and is also subject to 5 yearly rent reviews.<br><br><strong>Rent Payable</strong><br>£35,000 per annum.<br><br><strong>Price</strong><br>Guide Price of £500,000, representing 6.69% NIY.<br><br><strong>Viewings</strong><br>For a formal viewing strictly by appointment with Savills.<br><br>