A distribution hub site owned by the multi-millionaire Salisbury City Football Club benefactor Peter Yeldon has gone into administration and is now up for sale.
Yeldon, who bankrolled Salisbury City’s rise through the non-league football ranks over the past decade, has given up on plans to turn his 19.2-acre High Post site on the outskirts of Salisbury into a business park.
Yeldon’s special-purpose vehicle Old Sarum Industrial Park, which owns High Post, was this week put into administration.
KPMG has been appointed administrator of the company and Myddelton & Major has been instructed to find a buyer for the site, which includes 252,000 sq ft of manufacturing, warehousing and office space.
It was formerly occupied by Mahle Filter Systems, which relocated to Telford in Shropshire last December with the loss of 500 jobs.
Yeldon bought the site with the aim of transforming it into a business park by developing on the surplus land.
Myddelton & Major partner Philip Holford said he already arranged three viewings of the site with a mixture of occupiers and developers.
He added: “It is regrettable that plans for a mixed-use business park did not get off the ground but High Post, should the right occupier move in, could once again become an important regional commercial employment site with hundreds of people on site.”
nick.whitten@estatesgazette.com
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