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1 High St 9,628 SF 48% Leased Retail Building Melksham SN12 6JS $667,557 ($69.33/SF)
Investment Highlights
- Potential for further development, including use of attic and basement areas, subject to consents.
- Benefits from planning permission for conversion into 7 residential apartments
- Prominent town-centre location on Melksham High Street
- Includes 5 off-street parking spaces
Executive Summary
Freehold former Lloyds Bank premises offered for sale by online auction as a development and investment opportunity. The property extends to approximately 5,913 sq ft over basement, ground and first floors and benefits from planning permission (PL/2023/05351) for conversion into 7 self-contained residential apartments. The building is currently vacant and may also suit alternative commercial or redevelopment uses, subject to the necessary consents. Guide price £500,000.
The Opportunity - RESIDENTIAL DEVELOPMENT | PLANNING GRANTED
Planning ( PL/2023/05351 ) was granted in December 2023 to convert the existing building into a scheme of 7 stylish self contained 1 and 2 bedroom apartments.
Please refer to the proposed schedule of development
FURTHER DEVELOPMENT OPPORTUNITIES
Interested parties will note that there is scope for further development into the attic space and scope for using the basement area for ancillary storage etc.
ALTERNATIVE RESI SCHEMES - 3 X TOWNHOUSES
Interested parties will note the potential to create 3 large townhouses - please refer to the proposed scheme in the details.
COMMERCIAL
The property was a High Street bank for many years and would suit a range of commercial uses either as 1 large unit or split into multiple units
Hollis Morgan can introduce interested parties to commercial agents with knowledge of the property who will be able to advise further upon request
The Opportunity - RESIDENTIAL DEVELOPMENT | PLANNING GRANTED
Planning ( PL/2023/05351 ) was granted in December 2023 to convert the existing building into a scheme of 7 stylish self contained 1 and 2 bedroom apartments.
Please refer to the proposed schedule of development
FURTHER DEVELOPMENT OPPORTUNITIES
Interested parties will note that there is scope for further development into the attic space and scope for using the basement area for ancillary storage etc.
ALTERNATIVE RESI SCHEMES - 3 X TOWNHOUSES
Interested parties will note the potential to create 3 large townhouses - please refer to the proposed scheme in the details.
COMMERCIAL
The property was a High Street bank for many years and would suit a range of commercial uses either as 1 large unit or split into multiple units
Hollis Morgan can introduce interested parties to commercial agents with knowledge of the property who will be able to advise further upon request
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
9,628 SF
Building Class
B
Year Built
1856
Price
$667,557
Price Per SF
$69.33
Percent Leased
48%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.21
Lot Size
0.10 AC
Parking
5 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
75’ on High St
Amenities
- Courtyard
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property comprises a total net internal floor area of: Basement 967 sq ft, ground floor 2,829 sq ft, first floor 1,224 sq ft. The property is available by way of a new full repairing and insuring lease for a term to be agreed, subject to five yearly rent reviews. Rent on application.
| Space | Size | Space Use | Position | Available |
| Ground | 2,829 SF | Retail | End Cap | Now |
Ground
| Size |
| 2,829 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Ground
| Size | 2,829 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
The property comprises a total net internal floor area of: Basement 967 sq ft, ground floor 2,829 sq ft, first floor 1,224 sq ft. The property is available by way of a new full repairing and insuring lease for a term to be agreed, subject to five yearly rent reviews. Rent on application.
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Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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1 High St
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