62 Fore Street, Trowbridge, Wiltshire, BA14 8EX

Description

A substantial freehold three storey former bank building with large rear car park for approximately 10 vehicles. The property is Grade II listed and benefits from exemption from business rates while vacant. Approx. 6,157 sq. ft. (572 sq. m.). Development potential subject to consents and asset management potential to re-let.

Accommodation

Ground Floor Retail, First Floor Ancillary, Second Floor Ancillary. Total approximately 6,157 sq. ft. (572 sq. m.).

Location

The property occupies a prominent position on Fore Street in the heart of Trowbridge town centre. It is surrounded by national and independent retailers, cafés and service providers, and is close to The Shires Shopping Centre. Trowbridge Railway Station is within a short walk, with road access to the A361, A350, A36 and M4 motorway.

Tenure / Property Information

Investment Analysis

The only completed comparable is the same property, sold for £262,000 on 20 August 2026. This supports a base market value/GDV of £262,000, but provides no reliable low/high valuation range. The £260,000 guide is approximately £2,000 below that sale price before buyer fees, VAT, seller charges and any works. The auctioneer's £45,000 ERV is an estimate only, with no sufficiently specific external rental comparable identified.

Investment Snapshot

Strategy Recommendation

Treat as a cautious commercial hold/re-letting opportunity only if the £45,000 ERV, demand, leaseability and Grade II listed constraints are independently verified. Do not rely on the apparent £2,000 valuation margin, and set a bid ceiling only after confirming all fees, VAT, seller charges and consent requirements.

Works Required

No specific defects or refurbishment works are evidenced. Potential activity is limited to asset management, re-letting and investigation of any required Grade II listed building consents. No works allowance has been quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £260,000 purchase price and the £262,000 base GDV, a 75% refinance is approximately £196,500. On the limited base-cost assumption of no quantified works and excluding unspecified transaction costs, indicative cash left in is £63,500. Actual cash required may be higher because the buyer fee is unspecified, VAT may apply, and no refurbishment or finance costs are provided.

Buy-to-Let Analysis

Using the auctioneer's estimated ERV of £45,000 per annum (£3,750 pcm), the gross yield is approximately 17.31% on the £260,000 guide. This is an estimated commercial rent, not passing rent or an achieved comparable, and the analysis excludes unspecified buyer fees, VAT, seller charges, operating costs, finance and any works. Leaseability and demand require verification.

Flip Analysis

The same-property completed sale at £262,000 indicates only £2,000 gross headroom over the £260,000 guide before buyer fees, VAT, seller charges, finance, selling costs or works. A reliable flip surplus cannot be calculated because no selling allowance or works budget is supported. The evidence does not support a flip at the guide.

Investor Risks & Due Diligence

• Grade II listed status may restrict alterations and require specific consents.

• The property is vacant and the £45,000 ERV is an auctioneer estimate rather than passing or achieved rent.

• No sufficiently specific external rental comparable was identified.

• The buyer fee is unspecified, VAT may apply, and seller charges are not confirmed.

• No condition survey, EPC, operating cost, finance cost or refurbishment budget is provided.

• The property is currently exempt from business rates only while vacant; future liability after occupation or letting is not quantified.

Recommendation

Treat as a cautious commercial hold/re-letting opportunity only if the £45,000 ERV, demand, leaseability and Grade II listed constraints are independently verified. Do not rely on the apparent £2,000 valuation margin, and set a bid ceiling only after confirming all fees, VAT, seller charges and consent requirements.

Strategy Rating

Analysis Confidence

The analysis has an exact completed sale for the property and an auctioneer ERV, but no external rental comparables, no condition or works budget, no EPC, no specified buyer fee, and no confirmed VAT or seller charges.