141 Castle Street
Salisbury
Wiltshire
SP1 3TB

Major Freehold City Centre Development Opportunity, with Planning for 66 flats (1)

  • Prime Freehold Development in attractive and popular cathedral city
  • 40,236 sq ft vacant office with 40 car parking spaces
  • Site of 1.15 acres
  • Planning Permission for 66 Flats, expires Dec 2022 (1)
  • VAT-free investment
  • Lot
    14
  • Auction
    09/Jul/2020
  • Vacant Posession
  • Status
    Available
  • Price*
    £3,000,000 - £3,100,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • 141 Castle Street<br>Salisbury<br>Wiltshire<br>SP1 3TB
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* More information on the term "price" can be found here

Property Information

Location
Miles
22 miles north-west of Southampton
31 miles south-east of Bath
88 miles west of London
8 miles south of Stonehenge
Roads
A30, A36, A354
Rail
Salisbury Railway Station
(approx 90 mins to London Waterloo)
Air
Bournemouth International Airport
Situation

Salisbury is a major commercial and tourist cathedral city, 8 miles south of Stonehenge, 22 miles north-west of Southampton, 31 miles south-east of Bath and 88 miles west of London. The city has good communications, being south of the A303 and served by the A30, A36, A338 and A354, and also benefits from rail services to London (approx 90 minutes) and the South West. The property is located on Castle Street, close to its junction with Wyndham Road. Market Square, Old George Mall Shopping centre, The Maltings Shopping parade and Salisbury theatre are all within a short walk.

Tenure

Freehold.

Description

The property comprises a four storey purpose built office with on site car parking for 40 cars on a site of approx. 1.15 acres (0.47 hectares). There is an electrical substation on site.

VAT

VAT is not applicable to this lot.

Planning

Planning permission granted for demolition of existing office building and redevelopment of site as 66 number purposed built flats in two blocks, with associated parking, landscaping, amenity space and dedicated site access. (comprises 25 x 1 bed / 36 x 2 beds / 5 x 3 beds) Permission expires December 2022 and has no requirement for affordable housing. (Application Ref: 18/12068/FUL) (www.wiltshire.gov.uk/planning-applications-search) Approval granted for the Change of Use of Class B1(a) (Offices) to C3 (Residential) to Provide 51 no. Residential Units and 43 no. Parking Spaces. Approval expires November 2020 (Application Ref 17/08925/PNCOU) (www.wiltshire.gov.uk/planning-applications-search)

Completion Period

Eight Week Completion

EPC

Band E. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
Possession
Ground
First
Second
Third
Ground
Office
Office
Office
Office
Garage
1,326 sq m
960 sq m
1,092 sq m
294 sq m
66 sq m

(14,273 sq ft)
(10,334 sq ft)
(11,754 sq ft)
(3,165 sq ft)
(710 sq ft)

Vacant
Total
3,738 sq m
(40,236 sq ft)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.07.20
    File Size
    36 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    875 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Ince Gordon Dadds LLP Aldgate Tower, 2 Leman Street
London
E1 8QN
Susan Haggard +44 (0) 20 7759 1435SusanHaggard@incegd.com

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