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13 New Canal 3,220 sq ft 42% Let Retail Property Salisbury SP1 2AA £550,000 (£170.81/sq ft)
Investment Highlights
- Prominent trading position on New Canal, Salisbury
- Potential for residential conversion of upper floors, subject to planning
- Freehold city centre property
Executive Summary
The property comprises a prominent three-storey mixed-use building located on New Canal in Salisbury city centre. The ground floor provides a vacant Class E commercial unit extending to approximately 2,091 sq ft, while the upper floors are occupied under an existing tenancy. The asset offers significant value-add potential through the possible conversion of the upper floors into residential accommodation, subject to planning consent. The opportunity is suited to investors, developers and owner-occupiers seeking a well-positioned city centre property with development potential.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
3,220 sq ft
Year Built
1910
Price
£550,000
Price per sq ft
£170.81
Occupancy Rate
42%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.21
Total Plot Size
0.06 ac
Frontage
38 ft on New Canal
Amenities
- Bus Route
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The space has gross frontage of 28 feet 5 inches onto New Canal. The lease will have 5 year upward only rent reviews.
| Space | Size | Space Use | Position | Available |
| Ground | 1,681 sq ft | Restaurant | In-Line | Now |
Ground
| Size |
| 1,681 sq ft |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 1,681 sq ft |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
The space has gross frontage of 28 feet 5 inches onto New Canal. The lease will have 5 year upward only rent reviews.
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13 New Canal
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