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Salisbury Street, Amesbury, Salisbury, Wiltshire, SP4

££330,000 Guide

Shop For Sale

Town Centre Post Office investment with separate first floor flat let on an AST.

| 20 year lease from September 2020
| Total gross rental income: £22,800 per annum
| Gross initial yield: 6.9%

The property occupies a prime position on Salisbury Street, Amesbury’s principal shopping location in the Town Centre which enjoys excellent footfall. Nearby occupiers include Haine & Smith Opticians, Vision Express, Reeve The Baker, The Bell (Wetherspoons), a Co-Op convenience store and Dominos Pizza. There is also a pedestrian entrance off Salisbury Street to the nearby Aldi which is situated behind the main frontages at the eastern end of Salisbury Street. Amesbury lies approximately 9 miles north of Salisbury just south of the A303 trunk road which provides access to Exeter/the west country and the M3/London. The population of Amesbury has increased significantly in recent years following major residential development to the south of the town and in addition, Solstice Park provides a major commercial hub as well as a comprehensive range of roadside services including a Holiday Inn.

The property comprises a traditional mid terrace property of traditional construction, the ground floor of which provides a good sized retail area together with Post Office counter. The shop’s ancillary areas (storage, kitchen/ staff and WC) are planned within a rear, single storey section of the property with new flat roof incorporating roof lights.
The first floor flat (No 14), with its separate access off Salisbury Street, comprises a 1/2 bedroom flat of approx 55 m2 with living room/dining area, separate kitchen, bathroom and WC.
Scaled floor plans are available for both the shop and flat.

Approximate Net Internal Areas
Post Office
Shop frontage: 7.35 m 24’1”
Shop depth (to counter) 7.40 m 30’10”
m2 ft2
Retail sales 106.5 1,146
Store Room 20.2 217
Kitchen/Staff 12.7 137
WC - -
Total 139.4 1,500

Shop Features
| Air conditioning
| Electric heating (Economy 7)
| Suspended ceiling with inset LED lighting
| Non-slip vinyl flooring
| New flat roof incorp roof lights

Occupational Leases
Ground Floor
Let on an effectively full repairing and insuring lease for a term of 20 years from 17th September 2020. The lease provides for tenant only break options on the 10th and 15th anniversaries of the commencement of the term and five yearly upward only rent review to Market Value. The passing rent is £15,000 per annum.
Let on an Assured Shorthold Tenancy for a term of 12 months from the 17 May 2021 at a rent of £650 per calendar month. It is understood that the tenant has been in occupation for around 3 years.

£330,000 reflecting a gross initial yield of approximately 6.9%. We are advised that VAT will not be applicable.

Rateable Value/Council Tax Band
Rateable value (shop) £16,500.
Council Tax Band (flat) A.

We understand that mains electricity, water and drainage are connected to the property.
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.

Prospective tenants must satisfy themselves as to the permitted planning uses for the property.

Energy Performance Certificates
Shop EPC: C
Flat EPC: E

Strictly by appointment only through Woolley & Wallis Commercial (01722 330333)




No EPC available for this property

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Office Details

51-61 Castle Street

01722 424524

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