6 Castle Street, Trowbridge, Wiltshire, BA14 8AN

Description

A former nightclub situated in Trowbridge, Wiltshire. The accommodation is arranged over three floors, with the first and second floors occupying the former nightclub space and the third floor comprising a two-bedroom flat. The property offers scope to explore an alternative commercial proposition or conversion into residential accommodation, subject to the necessary permissions.

Accommodation

Arranged over three floors. The first and second floors occupy the former nightclub space. The third floor comprises a two-bedroom flat.

Location

Located in the centre of Trowbridge, within easy reach of shops, restaurants, a cinema complex, schools and open green spaces. Trowbridge railway station provides regular services to Bath, Bristol, Salisbury and Southampton. The A350 and A36 offer road connections, Junction 17 of the M4 is approximately 30 minutes away, and Bath, Bradford-on-Avon and Melksham are accessible nearby.

Tenure / Property Information

Investment Analysis

The £2,065,000 supplied sale at the same address in November 2016 is described as a flat/maisonette, whereas the current evidence describes a former nightclub with a two-bedroom flat over three floors. It is therefore not a reliable current GDV or direct comparable. No sufficiently specific rental evidence, conversion valuation, refurbishment budget or planning outcome is supplied. The £190,000 guide should not be treated as market value.

Investment Snapshot

Strategy Recommendation

Do not underwrite a conversion, refinance or flip at this stage. Proceed only after satisfactory planning, legal, building-survey and commercial/residential viability due diligence, with a bid limit based on independently supported end-use value and costs.

Works Required

Obtain planning and building-control advice on any conversion or alternative commercial use. Assess the former nightclub accommodation, services and two-bedroom flat through a full survey and prepare only the works required by the confirmed end use. No specific defects or refurbishment scope are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be completed without a supported residential GDV, rent, refurbishment budget and confirmation that residential conversion is permissible. The known guide plus buyer premium and admin charge is £192,400 before any other charges, works or finance, but the total project cost cannot be calculated.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property also includes former nightclub space, so the lettable residential configuration and any required permissions are unclear.

Flip Analysis

A flip appraisal cannot be supported. The only supplied sale is from 2016, is described differently and does not establish a current value for the existing use or a converted scheme. No supported selling allowance or conversion GDV is available.

Investor Risks & Due Diligence

• Residential conversion or alternative commercial use may require permissions that are not evidenced.

• The former nightclub space may require material works, but no condition survey or cost plan is supplied.

• No sufficiently specific rental evidence is available, preventing a supported yield assessment.

• The single 2016 same-address sale is materially different in description and may not represent current value.

• Additional auction charges may apply beyond the £2,400 buyer premium and admin charge.

Recommendation

Do not underwrite a conversion, refinance or flip at this stage. Proceed only after satisfactory planning, legal, building-survey and commercial/residential viability due diligence, with a bid limit based on independently supported end-use value and costs.

Strategy Rating

Analysis Confidence

Evidence includes the guide, tenure, accommodation description and auction charges, but lacks current comparable evidence, rent, condition, works cost, planning position, occupancy, service information and a reliable GDV.