3-3A Endless St 2,068 SF 100% Leased Retail Building Salisbury SP1 1DH £890,000 (£430.37/SF) 10.03% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Salisbury is a charismatic cathedral city and a popular tourist destination
- Well secured on a new 10 year lease
- Mixed use building let to one of Salisbury’s leading flexible office space providers
- Three recently developed upper floor flats let on ASTs
EXECUTIVE SUMMARY
The property is of brick built construction under a tiled roof and is arranged on ground, first and second floors. The ground floor provides a well laid out shop unit currently
providing modern flexible office space. The space is fitted to an attractive high-quality specification and comprises 9 office ‘pods’ along with a communal kitchen area and WCs. There are three recently developed flats above on the first and second floors.
providing modern flexible office space. The space is fitted to an attractive high-quality specification and comprises 9 office ‘pods’ along with a communal kitchen area and WCs. There are three recently developed flats above on the first and second floors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,068 SF
Building Class
B
Year Built
1950
Price
£890,000
Price Per SF
£430.37
Net Initial Yield
10.03%
NOI
£89,267
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.27
Lot Size
0.04 AC
Frontage
34 ft on Endless St
AMENITIES
- Bus Route
- Roller Shutters
- Air Conditioning
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NEARBY MAJOR RETAILERS
