Chilmark Estates, Chilmark, near Salisbury, provides a rare and unique opportunity to acquire a former 64.3 acre RAF facility, now successfully operating as a mixed-use income generating property.
It 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.
Part of the site – Ham Cross Units was refurbished in 2020. This created 10 industrial/warehouse/ workshop/storage units totalling 6,050 sq. ft. together with the self-contained Ham Cross Lodge comprising a brick-built office building of 650 sq. ft.
On completion of the development, all the units were rapidly let within six weeks of completion, evidencing both the attractiveness of the location and the scarcity of such buildings in the area.
Likewise The Officers Mess offers the potential to demolish the existing building and, subject to planning and other consents, redevelop the site for a single large c. 6,000 sq. ft. residential dwelling
situated in its own 10 acre lawned and wooded site.
Chilmark Estates is attractively positioned and sits in an Area of Outstanding Natural Beauty less than 100 miles from London and within 13 miles of Salisbury.
Stone from Chilmark was quarried for centuries and Chilmark Estates formed the principle site locally for stone quarrying. Indeed the Chilmark Stone quarry produced limestone for much of the renovation of Salisbury Cathedral. The quarry closed in 1935 as demand for limestone dwindled in favour of modern construction materials.
The property also benefits from mineral rights extending to 47.4 acres on land to the West of the estate.
The property is let to 23 tenants. The total current income is £227,733 per annum. Chilmark Estates has shown a solid rental payment profile throughout the vendors’ ownership.
The current owner/vendor bought the site in two tranches in 2002 and 2004 and has upgraded its commercial offering over that period.
However there are multiple opportunities within the site to enhance the commercial and residential offer further, subject to the necessary consents.
For more information and to arrange a viewing please contact Robert Clark, Commercial Partner at Greenslade Taylor Hunt, on 07767 637284 or email email@example.com