Property photos
Just added
Freehold
£750,000
(£275.33/sq. ft)
Retail premises for sale
123 Exeter Street, Salisbury, Wiltshire SP12,724 sq. ft
Local area information
Property location
Nearby amenities
- St Osmund's Catholic Primary School, Salisbury 0 miles
- Salisbury Cathedral School 0.1 miles
- Salisbury 0.8 miles
- Dean (Wilts) 7.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Salisbury to find out more about the local area.
Features and description
- Freehold
- Freehold mixed-use investment in central Salisbury
- 2,724 sqft gia across ground and upper floors
- Let to Medivet Group Ltd and residential AST tenants
- Producing £64,000 per annum rental income
- Potential to extend (STPP) and enhance long-term value
123 Exeter Street comprises a freehold mixed-use asset in a prominent location in Salisbury. The building totals 2,724 sqft and includes ground-floor commercial space and two residential units above. There is off-street parking to the side, accessed via Carmelite Way.
The commercial element is let to Medivet Group Ltd on a 15-year lease from August 2021 at £40,000 per annum. Rent reviews are five-yearly and upward only. The lease includes tenant break options at years five and ten. The tenant maintains their area and contributes to insurance and structural repairs.
The upper floors are let on two Assured Shorthold Tenancies, producing £24,000 per annum. Combined, the property generates £64,000 in gross annual income. With scope to extend or reconfigure (STPP), this asset offers secure income and potential for future value growth.
The commercial element is let to Medivet Group Ltd on a 15-year lease from August 2021 at £40,000 per annum. Rent reviews are five-yearly and upward only. The lease includes tenant break options at years five and ten. The tenant maintains their area and contributes to insurance and structural repairs.
The upper floors are let on two Assured Shorthold Tenancies, producing £24,000 per annum. Combined, the property generates £64,000 in gross annual income. With scope to extend or reconfigure (STPP), this asset offers secure income and potential for future value growth.
Floor plans and tours
Floor plans (3)
More information
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