Available
Trowbridge – Pharmacy, Medical & Residential Ground Rent
32/33 Roundstone Street, Trowbridge, Wiltshire BA14 8DEFreehold Retail & Residential Ground Rent Investment
Price
£325,000
Rent P.A.
£26,520
Yield
8.16%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
13y 10m
Area
1,926 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises two ground floor shops and 7 residential flats above (all sold-off)
- Shops let to established tenants until 2031 and 2039 with no break clauses
- Ground rent doubling in 2033 and 15 yearly RPI reviews thereafter
- Situated within the town centre with occupiers nearby including Post Office, Tattoo Studio, Café, Takeaway`s and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises two large ground floor shops t/a Pharmacy and Chinese Wellbeing.The property includes 7 residential flats above and rear, which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Shop No.32: 69 sq m (742 sq ft)
Reception, treatment rooms, kitchen, storage, wc
Shop No.33: 110 sq m (1,184 sq ft)
Open plan retail, office, storage, kitchen, wc
Rear Ground/First Floor: 7 Residential Flats (sold-off)
Shop No.32: 69 sq m (742 sq ft)
Reception, treatment rooms, kitchen, storage, wc
Shop No.33: 110 sq m (1,184 sq ft)
Open plan retail, office, storage, kitchen, wc
Rear Ground/First Floor: 7 Residential Flats (sold-off)
Tenancy Description
Shop No.32 is at present let to an Individual for a term 6 Years 11 Months from 13th January 2025 at a current rent of £7,020 per annum and the lease contains full repairing and insuring covenants. Rent review every 3rd year open market upward only. No breaks. Deposit held of £1,000. Lease renewal, tenant in occupation since 2020.
Shop No.33 is at present let to St Aldhelm`s Pharmacy Limited for a term of 15 Years from 1st February 2024 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. No breaks.
Flats 1-7 have been sold-off on long leaseholds for a term of 250 Years from 2018/2020 at a ground rent of £500 p.a. (each). Fixed rental increase to £1,000 p.a. each (£7,000 p.a. total) in April 2033 until 2048. Rent review in 2048 and every 15 year thereafter linked to RPI.
Shop No.33 is at present let to St Aldhelm`s Pharmacy Limited for a term of 15 Years from 1st February 2024 at a current rent of £16,000 per annum and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. No breaks.
Flats 1-7 have been sold-off on long leaseholds for a term of 250 Years from 2018/2020 at a ground rent of £500 p.a. (each). Fixed rental increase to £1,000 p.a. each (£7,000 p.a. total) in April 2033 until 2048. Rent review in 2048 and every 15 year thereafter linked to RPI.
Tenancies & Accommodation

Location Description
Trowbridge is a prosperous Wiltshire town and administrative centre located 12 miles south of Chippenham and 8 miles south-east of Bath. The town is located on the A361 approximately 16 miles south of the M4 Motorway (Junction 17). Trowbridge Rail Station provides regular services to London Paddington (approx. 2 hours). The property is situated within the town centre with occupiers nearby including Post Office, Tattoo Studio, Café, Takeaway`s and more.