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08 October 2020 | Hotels

Christie & Co and joint agent Savills launch freehold development opportunity in Salisbury for offers over £2m

Christie & Co and joint agent Savills have been instructed to market a prime freehold development opportunity in the heart of Salisbury, for offers in excess of £2 million.

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The site comprises five adjoining properties situated on Castle Street in the centre of Salisbury. 24-36 Castle Street is strategically positioned on one of the main roads into Salisbury. There is a previous planning consent which was for a 56-bedroom boutique hotel, Café/Bar and fine dining restaurant, which 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. Salisbury benefits from good transport links 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.
 
James Greenslade, associate director in the hotel investment team at Savills, says, “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, comments, “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.”
           
 

For further information on this press release, contact:                                                                        
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
 
 
Contact the agent:
Alex Campbell, Director - Corporate Hotels
P: +44 (0) 7714 138 985 or E: alex.campbell@christie.com
 
 
 
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