62 Fore Street, Trowbridge, Wiltshire

Description

A substantial freehold three storey former bank building with large rear car park for approx. 10 vehicles. The property is Grade II listed and therefore benefits from exemption from business rates while vacant. Approx. 6,157 sq. ft. (572 sq. m.). Vacant.

Accommodation

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

Location

The property occupies a prominent position on Fore Street in the heart of Trowbridge town centre, one of Wiltshire's principal commercial and administrative centres. The location benefits from strong pedestrian activity and is surrounded by a range of national and independent retailers, cafés and service providers. The property is also located close to The Shires Shopping Centre. Trowbridge Railway Station is within a short walk, and the town is situated on the A361 with convenient access to the A350, A36 and M4 motorway.

Tenure / Property Information

Investment Analysis

The only completed comparable is the same property, sold freehold for £262,000 on 20 August 2026. The current £280,000 guide is approximately 6.9% above that sale price, but a guide is not a valuation. On the supplied evidence, £262,000 is the strongest completed-sale indicator, while £280,000 is used as the base acquisition/market scenario. No supported high-value scenario is available.

Investment Snapshot

Strategy Recommendation

Treat as a commercial income investment only after independently validating the £45,000 ERV, demand, building condition, listed-building constraints, financeability and all auction charges. Do not rely on the guide alone for a flip or BRRRR purchase.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full building survey, listed-building advice and commercial services assessment before bidding; any works should be limited to those identified and appropriately consented.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £280,000 base GDV, 75% refinancing equates to £210,000. Cash left in cannot be calculated because refurbishment costs, buyer charges, VAT and other acquisition costs are unknown. The strategy is also subject to the ability to secure suitable commercial finance and validate the ERV.

Buy-to-Let Analysis

The auctioneer estimates ERV at £45,000 per annum, equivalent to £3,750 pcm and a 16.07% gross yield on the £280,000 guide. This is an estimate rather than passing rent or achieved market rent. Net yield cannot be established because buyer fees, VAT, operating costs, finance costs and any works are not supplied.

Flip Analysis

A same-property completed sale at £262,000 provides the strongest resale evidence and is below the £280,000 guide. A flip surplus cannot be calculated because refurbishment costs, acquisition charges, VAT and selling costs are unsupported. The listed status may also affect the scope and timing of any works.

Investor Risks & Due Diligence

• The property is Grade II listed, so alterations may require listed-building consent and could be restricted.

• The £45,000 ERV is an auctioneer estimate, not passing or achieved rent.

• The building is vacant and no tenant, lease terms or rent-free assumptions are supplied.

• Buyer fees, seller charges and possible VAT are not quantified.

• No building condition, EPC, heating, services or refurbishment information is supplied.

• The current guide exceeds the reported same-property completed sale price of £262,000.

Recommendation

Treat as a commercial income investment only after independently validating the £45,000 ERV, demand, building condition, listed-building constraints, financeability and all auction charges. Do not rely on the guide alone for a flip or BRRRR purchase.

Strategy Rating

Analysis Confidence

There is one recent completed sale for the same property and an auctioneer ERV estimate, but no condition report, EPC, operating costs, buyer fee, VAT treatment, refurbishment budget, formal valuation or achieved rental evidence.