Everyman, 17 Endless Street, Salisbury, SP1

Long let, leisure investment in an affluent Cathedral City, subject to RPI increases throughout the lease.

• Located in the heart of the affluent and historical Cathedral City of Salisbury.

• GIA of 23,990 sq ft.

• Freehold.

• Recently opened following a £3.5m fit out providing a 4 screen cinema and luxury bar/restaurant.

• Let to the excellent covenant of Everyman Media Ltd, guaranteed by Everyman Media Group PLC on a new 25 year lease without break from completion.

• Low initial rent of £180,000 per annum equating to only £7.50 per sq ft.

• 5 yearly upward only RPI linked rent reviews with a collar and cap of 1% and 3%.

Offers sought in excess of £2,710,000 (Two Million Seven Hundred and Ten Thousand Pounds), subject to contract and excluding VAT. After allowing for purchaser’s costs of 6.44% and assuming a RPI increase of 3.00%, this will reflect a Net Initial Yield of 6.25% and a reversionary yield of 7.23% in January 2028. The purchase price equates to a capital value of c. £113 per sq ft.