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Under Offer
Trowbridge, Wiltshire
£250,000
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or call: 01225 753858
A rare opportunity to purchase a Grade II Listed building in the town centre. Currently set out with two commercial units on the ground floor and three residential apartments on the upper floors, the property boasts good income potential in a great location.
The ground floor is currently home to a hair salon at the rear and a vacant, former pizzeria to the front, both with huge potential. Subject to permissions, this may suit further residential accommodation as one large apartment or two smaller one bedroom apartments. A separate entrance allows access to the residential apartments upstairs where you find one bedroom apartments on both the first and second floors along with a top floor studio apartment. Flats 1 and 2 feature a double bedroom, living room, kitchen and bathroom. The top floor studio has a surprisingly spacious bedroom/lounge, separate kitchen and bathroom. Externally there is a garden area to the rear of the building with side access. This path also provides rear access to the neighbouring property via a right of way.
At the time of going to the market, the properties are set up as follows:
Ground floor
Commercial - EPC TBC, Business Rates £6,900
The salon is let informally and not currently paying rent whilst the front unit is currently vacant.
First Floor
Flat 1 - EPC E, Council Tax A
Currently let at £550 per month on an AST until October 2025.
Second Floor
Flat 2 - EPC E, Council Tax A
Currently let at £525 per month on a periodic tenancy.
Third Floor
Flat 3 - EPC E, Council Tax A
Currently let at £375 per month on a periodic tenancy. This apartment has been let to the same tenants for over a decade, as such, the current rental payment is well below current market rate.
The property sits in a central position within the Trowbridge conservation area. Trowbridge is the county town of Wiltshire found close to the western border with Somerset. On the fringe of the town centre, you find Trowbridge Town Park, a large open space with a host of activities, tree lined paths and a riverside walk to Biss Meadows Country Park. St Stephens Place provides several dining options along with a multi-screen cinema complex. There are a wide variety of historic buildings around the town along with a selection of beautiful walks nearby, including the Kennet and Avon Canal and Southwick Country Park. The town has superb transport links with Trowbridge station providing access to London as well as a short ride to the world heritage city of Bath. The A350 passes the fringe of the town, leading to the M4 via Chippenham and the A303 and A36 to the south.
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