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Park Street, Salisbury, SP1

PROPERTY TYPE

Semi-Detached

BEDROOMS

4

BATHROOMS

3

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • MIXED USE SCHEME
  • THREE APARTMENTS
  • ATRACTIVE SHOP - FULLY LET
  • BILLBOARD INCOME

Description

***INVESTORS ONLY***THREE FLATS / ONE SHOP / BILLBOARD*** Occupying a prime commercial and residential position on the outskirts of the Salisbury city centre is The Park House. The property offers a fantastic opportunity for investors to buy a multi-use lot with established incomes and long leases there to benefit any prospective buyer. The commercial element of the property is currently a pet grooming salon, with the property also coming with three flats which are currently rented out. There is also a billboard which adds an extra revenue stream.

The breakdown of the leases and incomes are as follows:

  • SHOP: 57 Estcourt Road - Current tenancy ceases on 10/07/2025 but new lease will be set up at £9000 per annum.

  • FLAT 1: Current rent of £7,140 per annum - 999 years from November 2007.

  • FLAT 2: Current rent of £8,340 per annum - 999 years from November 2007

  • FLAT 3: Current rent of £10,500 per annum - 999 years from November 2007

  • Billboard: Current income of £1,400 per annum - new 5 year lease.

All three flats will be sold with tenant in situ.

The current TOTAL annual income is £35,880.

The buyer will be buying the FREEHOLD interest.

Flat 1 The Park House

A one-bedroom ground floor studio flat with private entrance. Comprises an open-plan kitchen/reception/bedroom, and a shower room. Currently achieving an income of £595 PCM.

Flat 2 The Park House

A one-bedroom ground-floor flat with private front door. Comprises an open-plan kitchen/reception room, separate bedroom which is of a good size, and a bathroom with shower. Currently achieving an income of £695 PCM.

Flat 3 Park House

A two-bedroom duplex maisonette configured over three floors. Comprises a kitchen with space for appliances, a reception room, two double bedrooms with built-in storage, and a bathroom. Currently achieving an income of £875 PCM.

57 Estcourt Road

A commercial plot currently used as a pet grooming salon, but has capacity for other commercial enterprises. Large window frontage.

Billboard

Positioned on the northwest elevation. Offers a current income of £1,400 per annum with a 5 year lease which will be renewed.

Lease Details

The building includes four properties comprising a shop and three flats, with the additional benefit of an advertising billboard. The breakdown of the leases are as follows:


SHOP: 57 Estcourt Road - Current tenancy ceases on 10/07/2025 but new lease will be set up at £9000 per annum.

FLAT 1: Current rent of £7,140 per annum - 999 years from November 2007.

FLAT 2: Current rent of £8,340 per annum - 999 years from November 2007

FLAT 3: Current rent of £10,500 per annum - 999 years from November 2007

Billboard: Current income of £1,400 per annum - new 5 year lease.

All three flats will be sold with tenant in situ.

The buyer will be buying the freehold interest.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Park Street, Salisbury, SP1

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About Carter & May, Salisbury

41 Castle Street, Salisbury, SP1 3SP

At Carter & May we recognise that every house is unique and every reason for moving is personal. As an independently owned and managed estate agency we offer both the flexibility and freedom to give you a personal and bespoke approach to selling your home.

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Disclaimer - Property reference ab64c0ea-4812-4fde-8d6a-9ccad4b6bfac. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Carter & May, Salisbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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