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Lot 69 Freehold Managed Business CentreAuction Date:
20th September 2023
The Portway Centre, 1 Old Sarum Park, Old Sarum, Salisbury, SP4 6EB
Currently let at £330,456.90 per annum, comprising £200,261.52 rent and £130,195.38 service charge, with capacity to increase from vacant office unit
The Portway Centre is a freehold managed business centre situated at Old Sarum on the northern outskirts of the 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. One of the many attractions of The Portway Centre is the flexibility of the building, which has the capacity to provide accommodation for businesses large and small. The building measures approximately 2010 sq.m. (21,635 sq.ft.).
n In recent years a significant level of expenditure has been made into the building to upgrade and refurbish facilities with increased occupancy rates and rental income as a benefit of this investment. Current occupiers cover a wide range of business interests, with occupancy under the terms of commercial lease arrangements.
In addition, there is additional income generated through flexible letting of two prestigious boardrooms with meetings and conferences hosted at the Centre. The Portway Centre has the benefit of fibre optic direct to the building with 'unlimited' capacity and each of the commercial occupiers has the benefit of their own comms box and IT facilities. Each of the office suites is individually alarmed.
The freehold title includes the access road (Spitfire Road) leading to the site from Old Sarum Park and a car park with around 90 parking spaces.
EPC Information
The property has an EPC rating of C (62).
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
