Lot 112: FREEHOLD MANAGED BUSINESS CENTRE

Commercial Investment - Salisbury Area
Commercial Investment - Salisbury Area
Commercial Investment - Salisbury Area
Receptiion Area
Commercial Investment - Salisbury Area
Board/Meeting Room
Commercial Investment - Salisbury Area
Board/Meeting Room
Commercial Investment - Salisbury Area
Commercial Investment - Salisbury Area
Guide Price £1,900,000 – £2,100,000 * + Fees
The Portway Centre, Old Sarum Park, Old Sarum, Salisbury, Wiltshire. SP4 6EB

Currently let at £297,390.21 per annum

Comprising £182,403.50 rent and £114,986.71 service charge with capacity to increase from four vacant office suites

Viewing by arrangement with Clive Emson Auctioneers

01489 564606

Rob Marchant/Mike Marchant

This freehold business centre has been run by the same management team since 1999 and is situated to the north of the historic City of Salisbury, in a well populated business location close to Old Sarum Airfield.

Neighbouring occupiers include the likes of Kia and Landrover as well as other office and light industrial users, with a strong MOD presence in the area.

The Portway Centre has a gross internal area of 1,920 sq.m. (20,677 sq.ft.) or 1,483
sq.m. (15,965 sq.ft.) net internal area, and provides flexible office accommodation to businesses large and small, with previous tenants including the likes of Boeing
and Close Brothers.

There are at present some 14 tenants occupying the Portway Centre under the terms of commercial leases.

In addition, the Portway Centre is at present the ‘home’ for 11 virtual tenants
who pay a differing range of costs depending on the level of service required and, additionally, some £16,000 has been generated in the current financial year from meetings and conferences hosted at the Centre.

Occupiers also pay for further services through the building service charge. Additionally further income is received from the use of fibre-phone, the server room and some additional car parking.

The Centre has fibre-optic direct to the building with ‘unlimited’ capacity currently contracted at 700Mbps and the building also has an air-conditioned comms room with biometric entry security and dual power supply. Each of the office suites is individually alarmed.

Externally there are some 90 car parking spaces, some of which are let on Licence Agreements to neighbouring property owners, producing another useful source of income.

The freehold title includes the access road (Spitfire Road) leading to the site from Old Sarum Park.

EPC Rating

EPC Rating C (62).

Commercial EPC: C

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