Freehold Retail and Office Opportunity in Central Bath
Freehold Retail and Office Opportunity in Central Bath
Bath is the only entire city in the UK that’s a designated UNESCO World Heritage Site with its stunning Georgian architecture. The University City is an affluent and popular tourist destination attracting over 6.25 million tourists in 2018. Bath, being a premier destination providing a thriving shopping, dining and cultural experience. There are numerous World class attractions including The Abbey, Roman Baths, Jane Austen Centre and Royal Crescent.
The property is located in the centre of Bath and occupies a prominent position on the east of Gay Street close to its junction with George Street, 50 metres equidistant between Queen Square and The Circus. Nearby occupiers include the Jane Austin Museum, Oxfam, Savills Estate Agent and Fine and Country Estate Agent and many other financial services offices. The adjoining property is also occupied by Hamptons as a residential lettings office.
Freehold.
Bath is the only entire city in the UK that’s a designated UNESCO World Heritage Site with its stunning Georgian architecture. The University City is an affluent and popular tourist destination attracting over 6.25 million tourists in 2018. Bath, being a premier destination providing a thriving shopping, dining and cultural experience. There are numerous World class attractions including The Abbey, Roman Baths, Jane Austen Centre and Royal Crescent.
The property is located in the centre of Bath and occupies a prominent position on the east of Gay Street close to its junction with George Street, 50 metres equidistant between Queen Square and The Circus. Nearby occupiers include the Jane Austin Museum, Oxfam, Savills Estate Agent and Fine and Country Estate Agent and many other financial services offices. The adjoining property is also occupied by Hamptons as a residential lettings office.
Freehold.
The property comprises a four storey Grade II Listed period building and includes a basement. The accommodation provides ground and basement retail accommodation, first floor office accommodation and residential (sold off on long leases) on the second and third floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a four storey Grade II Listed period building and includes a basement. The accommodation provides ground and basement retail accommodation, first floor office accommodation and residential (sold off on long leases) on the second and third floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
66.80 69.12 |
(719) (744) |
COUNTRYWIDE ESTATE AGENTS on assignment from HAMPTONS ESTATES LIMITED t/a Hamptons (1) | 10 years until 19th September 2024 | £30,000 |
|
| First | Office | 66.80 |
(719) |
VICTORIA TOPPING | 10th May 2021 until 9th May 2024 (3) |
£15,000 (2) |
|
| Second | Residential | AN INDIVIDUAL | Ground lease expiring 25th December 2083 | £50 |
25th December 2050 to £100 p.a. |
||
| Third | Residential | INDIVIDUALS | 999 year ground lease expiring 25th December 2983 | £50 |
25th December 2050 to £100 p.a. |
||
| Total Commercial Floor Area | 202.72 |
(2,182) |
£45,100 |
(1) On 8th March 2021, Countrywide was acquired by Connells Group, making it part of the UK’s largest and leading estate agency and property services provider. The acquisition brought together two highly complementary businesses, with over 1,200 high street branches combined. (Source: www.countrywide.co.uk 18/08/2022)
(2) The vendor holds a rent deposit of £3,750.
(3) The lease provides a tenant option to determine the lease on the 2nd anniversary of the term, being 10/05/2023.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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