Portway Centre in Old Sarum worth £3 million up for auction

The Portway Centre, at Old Sarum Park, will be sold by Clive Emson Land and Property Auctioneers with the auction running from Monday, September 18, until Wednesday, September 20.

It is listed with a freehold guide price of £2.8m to £3m and is currently let at just over £330k per annum.

The freehold-managed business centre is situated near the Old Sarum Airfield with business neighbours including Kia and Landrover.

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Regional director and auctioneer Rob Marchant, at Clive Emson, said: “In recent years a significant level of expenditure has been made into the building to upgrade and refurbish facilities with increased occupancy rates and rental income as a benefit of this investment.

Entrance to the Portway Centre. (Image: Clive Emson)

“One of the many attractions of The Portway Centre is the flexibility of the building, which has the capacity to provide accommodation for businesses large and small. The building measures approximately 2,010 sq m (21,635 sq ft)."

The Portway Centre offers parking, serviced offices, hotdesks and coworking, virtual offices and boardroom hire.

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“Current occupiers cover a wide range of business interests, with occupancy under the terms of commercial lease arrangements. One unit is vacant," Mr Marchant added.

Also up for auction is a £170k Durrington cottage in need of refurbishment.

April Cottage. (Image: Clive Emson)

Two-bedroom April Cottage, in Bulford Road, is tucked away from its neighbours at the end of a path accessed via a private road.

Senior auction appraiser Mike Marchant said: “The property has been used for many years as a rental investment and, after some refurbishment works, would suit continued use as such, or for owner occupation or for resale into the local market.”