28 & 29 High Street, Wisbech, Cambridgeshire PE13 1DE

Description

Two substantial commercial units along with upper floor accommodation offered with vacant possession upon completion and extending to circa 4,438 sq.ft or thereabouts. Both units feature prominent frontages to High Street and loading facilities to the rear. Number 29 was previously occupied by Betfred and retains use classification, whilst number 28 was previously occupied by a hair salon. The upper floor is vacant and can be accessed from the rear. There may be scope to create office space or an HMO, subject to planning.

Accommodation

28 High Street: Ground floor: Retail Area 83.7m²; Treatment Room 6.0m²; Treatment Room 6.6m²; Office 7.4m²; Plant Room 8.0m². First floor: Storage/Kitchenette 26.6m²; Office/Storage 16.6m²; Treatment Room 15.3m²; Treatment Room 10.5m²; Treatment Room 8.1m²; Treatment Room 7.7m²; Staff WC's. Total: 2,115 sq.ft or thereabouts. 29 High Street: Not inspected, but believed to be of similar size. All measurements are for guidance only.

Location

The properties are prominently located on the High Street in the Georgian market town of Wisbech. Wisbech has a population of around 30,000 and is a market town of character and historical importance. The central business area comprises the High Street and Market Place, with a blend of local and national retailers. The property is just off the Market Place, where markets take place on Thursday and Saturday every week.

Tenure / Property Information

Investment Analysis

The evidence does not support a reliable GDV or maximum bid. The property comprises two substantial commercial units and upper-floor accommodation totalling approximately 4,438 sq.ft, but number 29 was not inspected and tenure, condition, EPC, services and planning details are unavailable. Nearby completed sales vary materially: 30 High Street sold for £150,500 in January 2026, while 32–34 High Street sold for £1,200,000 in May 2022. These transactions are insufficiently comparable to establish a value for this mixed-use property. The £300,000 guide is not a valuation. The 2.4% buyer premium would be £7,200 at the guide price, before any other costs.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain legal, planning, measured-survey and building-condition advice, inspect number 29, verify the upper-floor lawful use and establish commercial/residential rental evidence before setting a bid limit.

Works Required

No condition-led works allowance can be supported because number 29 was not inspected and no survey, EPC or services information is provided. The upper floor may have scope for office accommodation or an HMO, but any subdivision, conversion or associated works would be subject to planning and other consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported rent, refurbishment budget, GDV, tenure detail or refinance valuation. The vacant possession and upper-floor potential may offer scope, but this remains unverified and planning-dependent.

Buy-to-Let Analysis

BTL returns cannot be established. No sufficiently specific rental comparable or auctioneer rent estimate is supplied, and the property is primarily described as commercial with vacant upper-floor accommodation. Any office, residential or HMO use would require confirmation of lawful use and potentially planning consent.

Flip Analysis

A flip appraisal cannot be completed because there is no supported GDV, condition-based works budget, resale allowance or reliable comparable evidence. The nearby sales show substantial variation and are not sufficient to price the subject property.

Investor Risks & Due Diligence

• Number 29 was not inspected and its condition and configuration are unverified.

• No rental evidence or passing income is provided, preventing yield analysis.

• Potential office or HMO use is expressly subject to planning and may not be achievable.

• Tenure, EPC, services, heating, council tax and parking information are unavailable.

• Special Conditions of Sale may contain additional fees or obligations not supplied.

• The available nearby sales vary substantially in price and property comparability is unclear.

• The 2.4% buyer premium applies at the guide price, with other acquisition costs still unknown.

Recommendation

Do not bid on the current evidence alone. Obtain legal, planning, measured-survey and building-condition advice, inspect number 29, verify the upper-floor lawful use and establish commercial/residential rental evidence before setting a bid limit.

Strategy Rating

Analysis Confidence

Key valuation inputs are missing, including tenure, condition, EPC, planning status, rental evidence, number 29 inspection details, works costs and comparable mixed-use evidence.