Salisbury city centre investment property snapped up

A prime purpose-built modern office building behind a listed façade at the heart of Salisbury city centre has been bought as an investment opportunity.

Property consultancy Myddelton & Major has successfully negotiated the sale of 22-26 Milford Street which had a quoting price of £425,000 freehold.

Myddelton & Major Partner Dean Speer said: “The property has been bought by Integrated Cloud Based Finance, Sales & Marketing Solutions provider i-Dynamics.  The business plans to occupy part of the space and continue letting the remainder.”

The building is split into eight individual office suites totalling 4,882 sq ft (453.52 sq m) with shared facilities and arranged around an attractive inner courtyard.

Seven of the eight suites are currently let to a variety of tenants, businesses including fitness, medical, advocacy and advice. The building was sold subject to the current leases.

Milford Street, situated in the heart of the city centre, houses a variety of office occupiers as well as professional services, retailers and hotels, with parking available nearby in the multi-storey car park on Culver Street.

Myddelton & Major was named the most active agency in Wiltshire in 2015 for the fourth year running by Estates Gazette, the weekly and online magazine of the UK commercial property industry.