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Agent's details

Chilmark Estates

For sale: £4,250,000.00|64.3 Acre|Mixed Use, Other Property Types & Opportunities

Property details

FOR SALE£4,250,000.00
SIZE64.3 Acre
ADDRESSChilmark Estates, Chilmark, Nr. Salisbury, SP3 5AP
TYPEMixed Use, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON1st November 2021

Description

Key Points

  • Located 98 miles south west of London and 13 miles west of Salisbury, just off the A303
  • Situated in an Area of Outstanding Natural Beauty
  • 64.3 acre site area plus Mineral Rights over an additional 47.4 acres
  • 40 buildings / units on the site, totalling 84,267 sq. ft.
  • c. 30.387 sq. ft. occupied / available to let accommodation
  • Conversion and development potential of a further 11 vacant buildings and 2 parcels of land
  • 23 tenants
  • Total current income - £227,733 per annum, with excellent growth potential
  • Offers sought in excess of £4,250,000, subject to contract and exclusive of VAT
  • Summary

    Freehold mixed-use commercial investment with commercial and residential development potential

    Description

    Chilmark Estates is a rare and unique opportunity to acquire a former 64.3 acre RAF facility in the heart of the Wiltshire countryside, now successfully operating as a mixed-use income generating property. Chilmark Estates offers significant commercial and residential refurbishment and development opportunities. The property will be of interest to an entrepreneurial purchaser looking to own a significant landholding in Wiltshire and invest in the property to create additional rental income and materially enhance the capital value of the asset.

    Viewings

    For further information and to arrange an inspection please contact the joint agents.

    Location

    Chilmark Estates is located in Wiltshire in an Area of Outstanding Natural Beauty. The property is: • 98 miles south-west of London via the M3 and A303 • 3 miles east of Tisbury (mainline station to London Waterloo) • 13 miles west / 30 minutes drive from Salisbury • 36 miles north / 65 minutes drive from Bournemouth The property is surrounded by the villages of Chilmark, Teffont Magna, Teffont Evias and Lower Chicksgrove.

    Specifications

    Chilmark Estates is a substantial 64.3 acre property comprising a range of commercial building types and offering commercial and residential development opportunities to enhance the rental and capital value of the property. The property comprises: • Total of 40 buildings / units on site, totalling 84,267 sq. ft. • 23 occupied and available to let buildings / units totalling 30,387 sq. ft. • 9 Proof Yard Buildings that are currently disused which could be brought back into commercial and / or residential uses • Officers Mess building, Quarry Cottage and Defusing Building suitable for residential renovation or redevelopment • A dilapidated 30,000 sq. ft. building known as the Transfer Station which could be redeveloped to create commercial space • 2 sites known as The Container Yard and The Cutting Yard totalling 0.9 acres suitable for commercial development All elements of Chilmark Estates are described in the sale brochure together with the development potential across various elements of the property. In addition to the freehold property Chilmark Estates has the benefit of Mineral Rights on adjoining land known as Ladydown and identified on the Site Plan in the brochure. An aerial drone tour flies over the property in the order of the component elements of Chilmark Estates as set out in the sale brochure.

    Promo

    RARE AND UNIQUE OPPORTUNITY

    Proposal

    Offers for the freehold interest in the Estate are sought in excess of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. Alternatively, the vendor may consider a sale of 100% of the share capital of Chilmark Estates Ltd, company registration no. 05224264.

    Location

    marker
    Location: Chilmark Estates, Chilmark, Nr. Salisbury, SP3 5AP

    Tisbury (2.7 miles)

    Warminster (9.7 miles)

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