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Auction of properties in Castle Street and Quarry Street

Savills property auction aerial shot

The buildings on Castle Street and Quarry Street will go to auction on 16 April 2024. They offer investors and developers an exceptional opportunity to acquire properties:

  • in an attractive part of our town centre
  • close to the River Wey and the castle grounds
  • in an area of great historical interest

The corner site consists of a mix of tenanted and vacant properties. They include:

  • the restaurant currently occupied by 'Olivos'
  • vacant buildings, most recently used for offices and educational use

The restaurant business and lease will remain unaffected. The vacant properties offer potential for conversion for other uses, subject to the necessary consents being obtained.

Lead Councillor for Finance and Property, Cllr Richard Lucas, said:

"This is a rare opportunity to buy buildings full of character and historical significance in our town centre. We're expecting a lot of interest from investors and developers.

"Our goal for auctioning these properties is to achieve best value in the interests of our residents.

"We regularly review our asset portfolio to make sure we're making effective use of resources. The decision to sell these properties was taken as part of our routine review of assets. Income generated will help towards our financial recovery plan."

The properties will be auctioned by Savills.

More information about these properties (opens new window)