- DEVELOPMENT OPPORTUNITY
- TOWN CENTRE LOCATION
- 2 CURRENTLY LET COMMERCIAL UNITS
- CURRENT ANNUAL INCOME OF OVER £30,000
- PLANNING PERMISSION FOR 10 NEW APARTMENTS
- ROOF TERRACE SPACES
- SUPERB RENTAL POTENTIAL
- HIGH STREET FRONTAGE
Land for sale in Wiltshire
This is a rare opportunity for a town centre development with planning permission for 10 new apartments as well as 2 existing commercial units on the ground floor, currently providing over £30,000 of annual income. The property offers a wonderful chance for a superb rental return or for selling individually once developed.
Arranged over three floors, the ground floor is set out as two commercial units. One offers an impressive high street frontage onto Fore Street whilst the second is accessed via Narrow Wine Street. Unit one is currently let on a "tenancy at will" basis with three month’s notice either way, providing £1,700 per month including insurance contributions. Unit 2 is on a 5 year internal repairing and insuring lease, generating £1050 per month including insurance contributions. Combined, the commercial units are currently generating a net income of £33,000.
The vast upper floors are ripe for conversion with the planning permission including extending the top floor rearward. A separate entrance via Narrow Wine Street would provide access to the apartments which would include impressive roof top views of the town centre. The new apartments would range in size from a studio at 37.5sqm to 97sqm for a two bedroom duplex. As part of the plans, many of the properties would have their own terrace space whilst the remaining ones would have access to a shared terrace.
The property is within the Trowbridge conservation area, set amongst the hustle and bustle of the town centre, ideally situated from both the perspective of retail and residential conversion. Planning permission was granted in 2021 and since then, a good amount of work has been done. This includes but is not limited to dividing the two commercial units, removal of asbestos, electrical and water connections, entrance and stairwell for the apartments. Planning documents are available via the Wiltshire Planning Portal with the reference: 20/11327/FUL.
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.
Important Information
- This is a Freehold property.
Property Ref: DDT_DDT250202
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Davies & Davies (Trowbridge)
Trowbridge, Wiltshire, BA14 8HA
01225 753 858
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