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24-26 Castle Street, Salisbury

For sale: £2,000,000.00|2762 Sq M|Mixed Use, Hotels, Leisure Property, Residential, Office, Healthcare, Other Property Types & Opportunities, Licensed & Leisure, Offices

PROPERTY DETAILS

FOR SALE£2,000,000.00
SIZE2762 Sq M
ADDRESS24-26 Castle Street, Salisbury, Prime Salisbury Development Opportunity, SP1 1AB
TYPEMixed Use, Hotels, Leisure Property, Residential, Office, Healthcare, Other Property Types & Opportunities, Licensed & Leisure, Offices
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON20th October 2020

DESCRIPTION

THE OPPORTUNITY

Comprising 5 Grade II listed adjoining vacant freehold properties sat within a 0.325-acre site, the opportunity exists to redevelop the properties into a number of alternative uses including residential, retail and hotel.
Unconditional offers are sought for this superb freehold development opportunity.
There is a previous planning consent for conversion to hotel (S/07/2192) which was for 56-bedroom boutique hotel, Café/Bar and fine dining restaurant alongside a new post office. However, we understand this planning consent was not formally implemented and has now lapsed. The site would be suitable for a variety of uses subject to obtaining the necessary planning consents.

THE SITE

The site Comprises of 5 Grade II listed adjoining vacant freehold properties situated on Castle Street in the centre of Salisbury, which were formerly a mix of commercial and retail uses but have been vacant for several years. The properties are scheduled as follows:
The properties occupy a site area of 0.325 acres and are all within one title. The 5 buildings are laid out over 4 floors, a basement, and 3 upper floors. The site also offers a large rear parking area which can be accessed just off Castle Street by two large barn-style doors.
The site was previously partially occupied by Royal Mail and is strategically positioned on Castle Street, one of the main roads into Salisbury. Castle Street offers several well-established pubs and restaurants and is just a short walk from Salisbury ‘Market Square’ and the town centre. The square hosts farmer’s markets twice a week alongside seasonal markets such as Christmas, Easter, and summer music, food & drink festivals.

THE LOCAL AREA

Salisbury is distinctive for its quintessentially British rural influences, whilst also offering numerous contemporary retail and leisure outlets. The development site is surrounded by historic streets boasting boutique stores and is within proximity to events held at Salisbury Playhouse and City Hall. The bustling Charter Market can be enjoyed biweekly in the Market Place.
Despite its character as a market town, Salisbury is home to several major corporate occupiers. Nearby major businesses include Chemring, HPI, Quilter Cheviot, Friends Life, and Pearson Phoenix. High-quality commercial space is offered in business districts such as Solstice Park, and small and medium-sized firms also play a large part in Salisbury’s growing business activity.
Salisbury benefits from good transport links throughout the South West and lies on the intersection of the A30, A36, and A338. Salisbury Railway Station is located within 0.7 miles of the site and provides direct trains to London Waterloo Railway Station with a journey time of 1 hour and 22 minutes. Both Southampton Airport and Bournemouth Airport are located within proximity of the site at circa 24 miles and 25 miles respectively.

LOCATION

Location: 24-26 Castle Street, Salisbury, Prime Salisbury Development Opportunity, SP1 1AB

Salisbury (0.4 miles)

Dean (7.3 miles)

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