Fisherton Mill, 108 Fisherton Street
Ref 11708
Address Fisherton Mill, 108 Fisherton Street, Salisbury, Wiltshire, SP2 7QY
Property type Investment - Retail, Investment - Residential
Size 10,121 Sq Ft
Freehold £2,200,000 - £3,200,000
Fisherton Mill, an airy and spacious converted Victorian grain mill, an iconic setting to browse, shop and eat in a unique atmosphere which is complemented by an outside courtyard which offers alfresco continental ambience. Of interest to "Lifestyle" business operators looking for a combination of investment income, superb living space and a thriving business in the creative and leisure sector. Also of interest to investors and developers with substantial "value add" opportunity for further income improvement, break-up, changes of use and development. The Mill currently provides a superb loft style four bedroom living space which has massive "Airbnb" potential due its central location, close to the train station, Cathedral and further afield attractions like Stonehenge and Bath. The business has scope to extend its offering, increase range of food, enhanced opening hours and more, making this an attractive proposition for a successful entrepreneur. The asset is held in two titles giving scope for two separate lots, which could then appeal to two dynamic buyer markets. Key Business Points: - Owner operated business with possibility of continuation or leasing. - Massive up-side potential for enhancing through food & beverage offering, hours, events and more. - First floor studios let on inclusive licences. - Ground floor gallery offered as event space with scope to maximise income. - Extensive 4-bedroom 354.68 Sq. M. flat arranged over 2nd and 3rd floor with huge Airbnb / holiday let potential. - Ability to secure 'The Archway' at an additional cost to diversify income through fully let residential buy-to-lets. - Fisherton Mill benefits from an Alcohol Premises License which also permits live music. Full license details available on request. Fisherton Mill Current Rent Receivable £140,452 per annum, excluding profits from business and 'The Loft'. The Archway The Archway is a mixed-use investment opportunity which is attractive due to the main road access through to Fisherton Mill. It features 3 commercial units at ground floor level and 4 residential flats at first and second floor. There are three one-bedroom flats and one two bedroom flat which are currently let on assured shorthold tenancy agreements. The Archway is only available in addition to Fisherton Mill, not as a separate lot. Current Rent Receivable £61,692 per annum (£64,092 disregarding incentives per annum when fully occupied). Please refer to the full PDF brochure for full and complete information, including full tenancy schedules for both assets.
- Substantial 'Value Add' Opportunity for Further Income Improvement, Break-Up, Changes of Use and Development
- Additional Add-On Opportunity by Purchasing 'The Archway'
- Gallery / Cafe / Studios and Extensive Top Floor Flat
- Fisherton Mill Total Rent Receivable - £140,452 per annum
- The Archway Total Rent Receivable - £61,692 per annum (see brochure for detail)
- Full brochure available which contains extensive detail about the opportunity