Freehold property for sale situated in a city centre location. Producing an income of £60,000 per annum., Freehold Leisure Investment, Prominent corner location, Grade II* Listed, City centre location, Producing an income of £60,000 per annum, Location The property is located in Salisbury, Wiltshire, 32 kilometres (20 miles) north-west of Southampton, 48 kilometres (30 miles) south-east of Bath and 126 kilometres (78 miles) from London. The popular tourist attraction of Stonehenge is 13 kilometres (8 miles) north-west of Salisbury. Kludo is situated in the centre of Salisbury on the corner of Brown Street and Milford Street and is an end of terrace property therefore benefiting from return frontage. Nearby occupiers are mixed, with retail and office users adjacent, as well as residential. Description The building is over 300 years old and comprises a Grade II* Listed property, arranged over ground, first and floor levels. The building is brick-built with clay tiled roof and single glazed sash fenestration. Internally, the trading area is split into a number of intimate interconnecting rooms over ground and first floor and utilises many of the buildings original features. A manager's flat is provided at part first and second floor levels which is accessed internally via the venue. Accommodation We understand the buildings Gross Internal Areas are as follows:- Ground Floor - 981 Sq Ft (91.5 Sq M) First Floor - 1,178 Sq Ft (109.5 Sq M) Second Floor - N/A Floor plans will be provided upon request but the layout for each floor are provided on our sales particulars. Tenure The property is available freehold subject to an occupational lease. Tenancy The property is let to an independent tenant at £60,000 per annum on a 15 year FRI 'free of tie' lease. Reviews are 5 yearly increased in line with RPI and there is a rent deposit lodged. The lease and tenant information will be provided to bonafide parties upon request. Rating The subject property is listed in the 2017 Rating List with a Rateable Value of £6,000. The National Multiplier for England and Wales for 2018/18 is £0.493. Guide Price Offers are invited in the order of £600,000, which represents a net initial yield of 9.44%, assuming usual purchaser's costs of 6.3%. Viewing All viewings must be arranged strictly by appointment with the sole agents Savills.