Mixed Parade (A Plan, CEX, Coral, Betfred, Red Cross & Off License), Salisbury

Property Description

• The property comprises a terrace of four distinct buildings of unique construction design and dates, and a large car park to the rear providing circa 28 car parking spaces.
• The total site comprises circa 0.41 acres. The building provides retail sales and ancillary accommodation over ground to second floors.
• The total area is circa 11,835 sq ft.

Location Description

• Salisbury is an attractive and affluent cathedral city in Wiltshire, which benefits from from regular rail services to London Waterloo with a journey time of approximately 90 minutes.
• The property is situated on the north east corner of the main market square within Salisbury; Guildhall Square.
• The property benefits from being adjacent to McDonalds, other nearby occupiers include Natwest, Wildwood, Pizza Express, Papa John’s and The Cross Keys Shopping Centre.

Tenancy & Additional notes

• Opportunity to develop the 0.21 acre car park to rear.  There are 14 available car parking spaces which have a total Market Rent of £21,000, leaving an opportunity for investors to increase their running yield and potentially an uplift in capital value of circa £250k.
• Various tenants  that have impeccable rental payment history throughout the pandemic and 100% of rents have been received on time.