79-81 Castle Street, Salisbury

£475,000
5
4
4
Sold STC
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Property Features

  • Rare city centre investment/development opportunity
  • Grade II listed with parts dating from 1594
  • Character property
  • Private garden
  • River frontage
  • Currently Producing £10,000 per annum exclusive
  • For Sale Freehold, subject to existing lease

Property Summary

A unique city centre investment/development opportunity.

Full Details

The property comprises two Grade II Listed Buildings, part apparently dating from 1594. No. 79 is of timber frame construction with mainly tile hung elevations under a pitched tiled roof. It is arranged as a ground floor retail shop with self contained residential accommodation above.

No. 81 is two storeys, brick and tile hung elevations under a pitched tiled roof. It is arranged as a ground floor retail shop with residential accommodation above.

At present the upper parts of the two properties are interconnected and occupied as one.

To the rear there is a garden shared between the properties leading to the River Avon.

Castle Street is a mixed retail and residential location on the northern edge of the City Centre, which links to the Market Square.

The properties have been used as retail accommodation and residential for many years. Interested parties should satisfy themselves as to the suitability of their proposed use. All enquiries should be directed to Wiltshire Council Planning Department, The Council House, Bourne Hill, Salisbury, SP1 3UZ. Tel: 0300 456 0114.

No. 79 is currently let to Stoffersons Hairdressers on a lease expiring on 15 September 2026. The passing rent is £10,000 per annum. The lease is subject to a rent review on 16 October 2023. The landlord or tenant may terminate the lease at any time on 12 months notice. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954. The tenant is responsible for a share of the cost of repairing the roof.

Tenure: Freehold

Services: Mains electricity, gas, water and drainage available.

Council tax: 79a & 81 are rated under Council Tax Band C.

Please refer to brochure for Business Rates.

Viewings: Strictly by appointment only.

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Salisbury Office
49 High Street
Salisbury
Wiltshire
SP1 2PD
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