Retirement home and shops planned for former Amesbury food store
The Co-operative Estates has completed the sale of its former food store on Salisbury Street, Amesbury, to builder McCarthy & Stone, who will be transforming the site in to retirement apartments and retail space.
Following full planning consent in September, the former Co-operative Food store on Salisbury Street will be demolished for redevelopment, with 33 ‘Later Living’ apartments and 5,000 sq ft of new ground-floor retail space for up to three shops planned.
The retail space is being provided back to The Co-operative Group as part of the property deal, with Salisbury-based commercial property consultancy Myddelton & Major instructed by the Co-operative to let the retail space. Construction of the scheme is scheduled for completion in the autumn.
Geoff Player, Director of Commercial & Investment Property at The Co-operative Estates, said:
“The sale is a significant step forward for everyone in Amesbury, breathing new life into the heart of the town centre and revitalising an important site which given the economic climate has remained empty for longer than we would have hoped.”
Simon Lee, Myddelton & Major’s retail expert, who acted for The Co-operative Group, said:
“With the 33 retirement apartments being built from May, we anticipate keen interest from retailers who want to maximise the commercial opportunities presented by the new residential development. The mixed use of this development will work well together to improve the potential for increasing the trading prospects for the whole town.”
A spokesperson for McCarthy & Stone said:
“Construction is due to start in May, with reservations being taken from autumn and we anticipate welcoming our first homeowners in April 2015."