Retail Space FOR RENT in Southampton Road Retail Park, Salisbury, Wiltshire

Property Description

Southampton Road Retail Park, Salisbury SP1 2LB
Southampton Road Retail Park is the city of Salisbury’s primary retail warehouse destination, prominently positioned along the A36 corridor and commanding a total floor area of approximately 128,500 sq ft under Use Class E(a)
The scheme is fully integrated into the active retail warehouse cluster, with immediate proximity to B&Q, Pets at Home, Home Bargains,
The park is anchored by a solid mix of national tenants:
The Range,DFS,Tapi Carpets,Oak Furnitureland,B&M
Additional quality brands—including Currys, Next, and Hobbycraft (now trading)—have recently improved the tenant offering, securing a total rent roll of approximately £1.87 million per annum, equating to an attractive low average of £14.57 per sq ft
Recent asset activity includes a sale to British Land in July 2024, based on a guide price of £25.05 million, reflecting a net initial yield of 7.0%, a WAULT of just under seven years, and a BREEAM rating of ‘Very Good’
Despite being fully let, targeted opportunities may emerge via asset management. One notable leasing opportunity is Unit 2B, comprising 12,450 sq ft adjacent to Next, now available on a leasehold basis with rent quoted on application

Rent available on application.
This and being actively marketed by Fraser Bond.