Property for sale in Guilder Lane, Salisbury SP1

Summary
Freehold lock-up garage block and land.
Guilder Lane (adj 33) Salisbury SP1 1HW

description
Freehold lock-up garage block and land. Guilder Lane (adj 33) Salisbury SP1 1HW

Fantastic opportunity to acquire a rarely available block of garages and additional parking with high yields.

The property is located just off the main high street (Milford Street) in a densely residential area with limited parking. The High Street consists of residential property agents such as Savills, Milfords, Strutt & Parker and also financial services such as Tony Tyler and Casterbridge Wealth. Further along is occupied by many fashion and clothing outlets.

The site consists of six standard lock-up garages, a newly installed container store and three parking bays. The property has a tarmac forecourt and driveway.

The garages all have bitumen felt roofs, that is as seen in reasonable condition with no reported issues of leaks or problems.

The site is currently 100% let on quarterly license agreements, with a deposit held on each garage.

The garages and container are currently 100% let at £28.50 per week. When fully let including 3 parking bays the rent per annum is £13494. Currently 6 garages, 1 container and 1 parking bay rents at £11414 pa.

The property represents a good long-term investment in an area of high demand, and may have long-term development potential (stsc).

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.