Bath-based property company HPH makes its first step into the vibrant cathedral city of Salisbury, as it acquires a beautiful historic property that dates back to the 15th century. 33 Butcher Row is located in a prominent retail position in the heart of the old city, surrounded by boutiques and popular brands including M&S, White Stuff and L’Occitane.
“We have looked for opportunities in Salisbury for a while, but this is our first acquisition in the city,” says Katie Holdoway, HPH’s Executive Director. “It’s an exciting opportunity for us to extend further into Wiltshire, while remaining within our core catchment area. It’s also the first purchase we’ve made since I joined the company. I have been asked if this is a sign of new directions to come – not necessarily, but as a company with largely industrial and office holdings we are currently seeing opportunities in certain town and city centres.”
33 Butcher Row is a grade II-listed timber frame building which sits on a charming pedestrianised street lying between Market Square and the High Street. The entire building is let to a long-term tenant, Watches of Switzerland, which has traded successfully there under the Goldsmiths brand since 1997 and recently renewed its long-term lease.
Salisbury has seen its visitor numbers grow faster than the national average since the pandemic. The medieval cathedral, with the tallest spire in the UK, continues to be a key attraction for overseas and domestic visitors alike, alongside an impressive range of shops and restaurants, pubs and cafes.
HPH’s portfolio has long included many historic and listed buildings, but whilst previously containing properties in other parts of the Southwest, it has largely been focused on the area that includes Bath, north and west Wiltshire. 33 Butcher Row opens the door to further possibilities.
Article from HPH Commercial Property
