Retail/residential investment property fronting the Ring Road with redevelopment potential
Two lock-up shops with basements
Large four bed flat in need of modernisation
The property is situated on Estcourt Road in a prominent position fronting the City's Ring Road just south of St Mark's roundabout on the eastern fringes of the City centre.
Salisbury is an historic Cathedral City set in the heart of central southern England with a district population of 114,613 (source: 2001 census). There is a street market on Tuesdays and Saturdays and the district attracts over 3 million tourists a year.
The property, which is mid-terraced, comprises two lock-up shops each with its own basement together with a large four bedroom flat planned over first and second floors accessed from the rear via a covered passageway off Estcourt Road. We are advised that the neighbouring properties also benefit from rights of access through this passageway to the rear of their respective properties. The shops currently share a single WC in a communal area to the rear of the two units where there is also a boiler which serves both the commercial and residential parts.
Subject to planning there may be scope to convert the shops and basements to residential use and combine with the existing flat in order to rearrange the accommodation as three or four residential units.
Approx net internal are as follows:- 43 Estcourt Road - Shop frontage 3.4 m (11'2"). Shop depth 10.9 m (25'11"). Retail sales 23.8 sq m (256 sq ft), Basement storage 25.8 sq m (278 sq ft). 45 Estcourt Road Currently A2 use (permitted change back to A1). Shop frontage 4.1 m (13'5"). Shop depth 10.4 m (34'1"). Retail sales 42.6 sq m (459 sq ft). Basement storage 42.6 sq m (459 sq ft). Flat:- First floor (GIA 74.1 sq m (798 sq ft). Bedroom (1) 2.8 x 4.5 m (9'2" x 14'9"). Lounge 5.5 x 3.2 m (18'0" x 10'6"). Bedroom (2) 3.8(max)x 3.2 m (12'6"(max) x 10'6"). Kitchen/diner 5.5 x 4.4 m (18'0" x 14'5"). Access to rear balcony. Second floor (GIA 48.4 sq m (521 sq ft)(to height of 1.5 m). Landing. Bedroom (3) 2.8 x 3.1 m (9'2" x 10'2"). Bathroom. Bedroom (4) 3.5 x 3.2 m (to 1.5 m) (11'6" x 10'6").
Freehold with vacant possession.
Offers in the region of £230,000
We are advised that VAT will not be applicable.
Business Rates/Council Tax:
43 Estcourt Road
Shop and premises - Rateable Value £2,125
45 Estcourt Road
Shop and premises - Rateable Value £4,650
43a Estcourt Road - Council Tax Band B
We understand that all mains services are connected to the property, subject to the aforementioned comments under 'Description'.
Woolley and Wallis Commercial have not tested the services mentioned in these particulars.
Planning and VAT:
Prospective purchasers must satisfy themselves as to the permitted planning uses for the property
Energy Performance Certificate