Commercial property

Prime development opportunity in Salisbury comes to market

Written by Peter Davison on .

24-36 Castle Street Salisbury

 

A development site of five adjoining commercial properties in the heart of Salisbury has come to the market with joint agents Savills and Christie & Co, for offers in excess of £2 million.

The former Grade II listed central post office at 24-36 Castle Street is strategically positioned on one of the main roads into Salisbury.

It previously had planning consent for a 56-bedroom boutique hotel, café/bar and fine dining restaurant, but this has now lapsed.

The properties occupy a site area of 0.325 acres and are all within one title. The five buildings are laid out over four floors, a basement, and three upper floors.

The site also offers a rear parking area which can be accessed just off Castle Street by two large barn-style doors.

Castle Street offers several well-established pubs and restaurants and is just a short walk from Salisbury Market Square and the town centre.

James Greenslade, associate director in the hotel investment team at Savills, said: “This is a very attractive freehold development opportunity located centrally in the attractive market town of Salisbury, which is close to a number of popular tourist attractions as well as being home to several major corporate occupiers.”

Alex Campbell, director in Christie & Co’s hotels team, said: “This freehold site will appeal to a wide range of investors and developers seeking to secure development opportunities. The site would be suitable for a variety of uses subject to obtaining the necessary planning consents.”