5(A) Bridge Street, Sturminster Newton

Description

A Rear Office Grade II Listed Building requiring modernisation.

Accommodation

First Floor: Office Space; Kitchen. Ground Floor: Office Space; Bathroom/WC.

Location

Situated on Bridge Street, close to the amenities available in Sturminster Newton Town Centre.

Tenure / Property Information

Investment Analysis

The £15,000+ guide is the only available pricing evidence. No completed sales or commercial valuation evidence is supplied. The residential asking rents provided are not directly applicable to this vacant office building. Grade II listing and required modernisation create material uncertainty over value and costs.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the legal listing restrictions, obtaining a building survey and priced works schedule, and securing commercial valuation and rental evidence. Do not rely on the supplied residential rents.

Works Required

Modernisation of the ground- and first-floor office accommodation, kitchen and bathroom/WC. The scope, statutory requirements and costs are unknown; Grade II listed consent may be required for relevant works.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the evidence. There is no supported GDV, commercial rent, refurbishment budget or refinance valuation. At the £15,000 guide, the stated £1,500 buyer premium would bring the known acquisition cost to £16,500 before works and any seller-charged fees, but the final purchase price is uncertain because the guide is a minimum.

Buy-to-Let Analysis

A BTL yield cannot be established. The property is described as offices, while the supplied rental evidence relates to advertised residential rents and is not suitable evidence for office income. No commercial rent or auctioneer rent estimate is supplied.

Flip Analysis

A flip surplus cannot be calculated because there are no comparable sales, supported GDV, refurbishment costs or selling-cost allowance. The listed status and unknown modernisation scope add execution risk.

Investor Risks & Due Diligence

• Grade II listed status may restrict modernisation and require consent.

• The building requires modernisation, but the scope and cost are unknown.

• No commercial rental evidence or passing income is supplied.

• No completed sales or commercial valuation evidence is supplied.

• EPC, heating and parking information is not provided.

• The final purchase price may exceed the guide, and the seller may charge additional completion fees.

Recommendation

Proceed only after confirming the legal listing restrictions, obtaining a building survey and priced works schedule, and securing commercial valuation and rental evidence. Do not rely on the supplied residential rents.

Strategy Rating

Analysis Confidence

The evidence confirms the building type, tenure, vacancy, guide price and buyer premium, but provides no commercial comparables, rent, GDV, works budget, EPC, heating, parking or detailed condition information.