Summary - 16A, WINCHESTER STREET SP1 1HB
1 bed 1 bath Shop
Rental income £41,900 pa; net initial yield 7.62% at asking price
Effectively full repairing and insuring leases on trading units
Grade II* listed — statutory constraints on alterations and repairs
High flood risk — increases insurance and mitigation costs
Located in city centre near Market Square; strong pedestrian frontage
Very high local crime rate — potential impact on insurance and lettings
No private parking or garden; compact unit footprints
Solid brick walls with no assumed insulation; varying EPCs (B/C/D)
A compact, historic corner retail block in the heart of Salisbury city centre, offered as a fully let investment. The building produces a combined rental income of £41,900 pa with a stated net initial yield of 7.62% (price £525,000). Tenancies are effectively full repairing and insuring, giving predictable income and limited landlord day-to-day obligations.
The Old George is Grade II* listed and presents attractive period frontage and strong pedestrian frontage on Winchester Street close to Market Square and local amenities. Accommodation is split across ground-floor shop units and upper floors occupied by a restaurant; the building’s traditional construction and sash-style fenestration contribute to its character and customer appeal.
Buyers should note material constraints: the listed status will complicate alterations and maintenance; the property is in a high flood-risk area and sited within a very high crime locality — both affecting insurance, lettability and operational costs. There is no visible private parking or garden and wall construction appears uninsulated, which impacts running costs and potential refurbishment budgets.
This asset suits an investor seeking central high-street exposure and steady income from established local operators, and who is comfortable managing listed-building obligations, flood risk mitigation and higher local crime considerations. Full tenancy schedule, service charge detail and EPCs should be reviewed before offer.
Office for sale in Rollestone Street, Salisbury, Wiltshire, SP1 — £1,200,000 • 1 bed • 1 bath • 14531 ft²
High street retail property for sale in Market Place, Salisbury, Wiltshire, SP1 — £595,000 • 1 bed • 1 bath • 4138 ft²
Commercial property for sale in Crane Street, Salisbury ***COMMERCIAL***, SP1 — £450,000 • 1 bed • 1 bath • 2514 ft²
Shop for sale in Salt Lane, Salisbury, SP1 — £200,000 • 1 bed • 1 bath • 878 ft²
3 bedroom town house for sale in Pennyfarthing Street, Salisbury, SP1 — £315,000 • 3 bed • 1 bath • 886 ft²
3 bedroom terraced house for sale in Castle Street, Salisbury, SP1 — £575,000 • 3 bed • 2 bath • 1736 ft²
