The property comprises a substantial 5 storey premises which previously formed part of the HJ Knee Department Store.
The property provides largely open-plan floor plates which have been stripped back to shell condition in readiness for redevelopment / conversion works.
Externally, there is a loading / parking area off Castle Street.
The property secured planning consent for conversion to 24 flats and ground floor commercial unit in 2022.
Location
Trowbridge is the County Town of Wiltshire, situated 3 miles south-east of Bradford-on-Avon, 8 miles south-east of Bathand 21 miles south-east of Bristol.
The A350 runs to the east of the town, providing direct access to Junction 17 of the M4 to the north. Trowbridge train station, on the edge of the town centre, is situated on the Wessex Main Line and provides direct services to principal localities within the south-west, including Cardiff, Bristol and Bath. Westbury, which is approximately 5 miles to the south, provides direct train services into London.
The property is situated within Trowbridge Town Centre, a short distance from the entrance to The Shires Shopping Centre. The property’s principal frontage is onto Castle Street, with the adjoining Red Hat Lane providing access to the pedestrianised Fore Street.
Trowbridge town centre provides a variety of independent shops, high street brands, a diverse choice of cafes, pubs and restaurants and a cinema within the modern St Stephen’s Place development.
Accommodation
We understand the property provides the following gross internal areas:
Ground Floor - 482.24 sq m (5,191 sq ft)
First Floor - 488.31 sq m (5,256 sq ft)
Second Floor - 378.90 sq m (4,071 sq ft)
Third Floor - 378.22 sq m (4,071 sq ft)
Fourth Floor - 235.08 sq m (2,530 sq ft)
Total - 1,962.75 sq m (21,126 sq ft)
Terms
Planning - Planning consent was granted subject to conditions in February 2022 under reference 21/01148/FUL for:
‘Change of use from retail (Class E) to 24 residential flats on all 5 floors comprising of 9 x 1 beds and 15 x 2 beds (Class C3) and part retention on ground floor as Commercial (Class E), along with extensions and external alterations.’
The consent is subject to 9 conditions. The single pre-commencement condition has been discharged.
The consent is also subject to:
A CIL liability of £146,137.46. An initial instalment of £43,841.24 has been paid to date.
Section 106 contributions of £200,166.
There is no affordable housing requirement within the proposed scheme.
Further details, including the approved plans, are contained within the Marketing Pack.
The vendor has applied for a lawful development certificate to confirm the permission remains extant.
Interested parties are to rely on their own enquiries with Wiltshire Council.
Tenure - Freehold (title no. WT435892).
EPC - C(58).
VAT - Prices quoted exclusive of VAT. HMRC have confirmed that the property has been opted to tax.
Services - None have been tested. Interested parties are to rely on their own enquiries.
Costs - Each party to bear their own costs incurred in the transaction.
Offers - Offers invited in the order of £1 million for the freehold interest.
Market Pack - A copy is available upon request.
Sale by Receivers - The property is offered for sale on behalf of the Joint LPA Receivers (‘the Receivers’). The Receivers offer no title or collateral warranties associated with this property or transaction. The Receivers act without personal liability.
Specification
- Town centre residential redevelopment opportunity
- Planning consent previously granted for conversion to 24 flats and commercial unit
- Substantial property in prominent position
- Proximate to The Shires Shopping Centre and prime retail pitch
- Within walking distance of Trowbridge Railway Station
- Trowbridge is the county town of Wiltshire providing a range of amenities and services for the region