£800,000

Property for sale

  1.  Img_0633.Jpeg
  2.  Img_0632.Jpeg
  3.  Img_0604.Jpeg
Freehold

Guide price

£800,000

(£293.69/sq. ft)

Property for sale

Exeter Street, Salisbury SP1

2,724 sq. ft

Local area information

Property location

Nearby amenities

  • St Osmund's Catholic Primary School, Salisbury 0 miles
  • Salisbury Cathedral School 0.1 miles
  • Salisbury 0.7 miles
  • Dean (Wilts) 7.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Salisbury to find out more about the local area.

Features and description

  • Freehold
  • Mixed use commercial & residential investment
  • Rental income of £64,000 per annum
  • Commercial lease subject to five yearly upward only market rent reviews
  • Veterinary practice on ground and part first floor
  • Residential accommodation on first and second floors
  • Potential to extend (subject to the necessary consents)
Mixed use investment property for sale.

The Property

A commercial investment property for sale, the property has scope for future extension or redevelopment, subject to the necessary consents. The property is subject to a commercial lease in favour of Medivet Group Ltd, a veterinary practice occupying the ground floor and part of the first floor of the property. There are also separate Assured Shorthold Tenancies in place for the residential accommodation at first and second floor levels. The current rental income generated by the property is £64,000 per annum.

The property comprises an attached building of brick construction beneath a (mostly) pitched tiled roof, with a small section of flat roof to the rear right-hand side of the building, which was constructed within the last 20 years. There are dormer and bay windows to the front elevation and two dormer windows to the rear. The building has UPVC gutters, downpipes and associated rainwater goods and three brick chimney stacks. There are ground floor extensions to the rear with a mixture of brick elevations below a pitched tiled roof and the section of flat roof. Mains water, drainage, electricity and gas services are connected to the building. The property has a parking area with a mixed-surface finish of hardcore and concrete to the left-hand side, measuring approximately 300 sq m (3,229 sq ft), with an entrance off Carmelite Way. It is surrounded by a timber fence with a brick dwarf wall below.

Internally the property is arranged over three floors (ground, first and second), with a veterinary practice in occupation of the ground floor and part of the first floor, measuring approximately 143.42 sq m (1,544 sq ft). The remainder of the first floor and second floor comprise a generous amount of residential accommodation with three bedrooms, a bathroom, living room and kitchen, all measuring approximately 92.68 sq m (998 sq ft). The shared front entrance and the cleaning store/recess on the first floor landing measure approximately 17.01 sq m (183 sq ft). The total floor area, excluding the residential hallways/access is approximately 253.11 sq m (2,724 sq ft).

Commercial Tenancy

There is a commercial lease in favour of Medivet Group Limited dated 16th August 2021 for a term of 15 years at an annual rent of £40,000 per annum, subject to five yearly upward only market reviews. There is a break clause within the agreement operable by the tenant on the fifth and tenth anniversary. The tenant is responsible for the repair and maintenance of their premises, qualified by a schedule of condition, and are obliged to contribute towards the landlords costs in insuring the property and for the maintenance and repair of the structure and common parts.

Residential Tenancies

The residential parts of the property are subject to two Assured Shorthold Tenancies generating a combined rental income of £24,000 per annum.

Directions

What3words///vivid.incomes.sunk

Local Authority

Wiltshire Council Tel: Business Rates: Rv £12,000/ Council Tax Band D

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Symonds & Sampson. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Symonds & Sampson for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Wiltshire
  4. Salisbury
  5. Exeter Street

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2025. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.