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Office

Office For Sale Bath

PROPERTY ID: 138600

PROPERTY TYPE

Office

STATUS

Available

SIZE

7,015 sq.ft

Property Details

City centre location: Situated in the heart of Bath, a UNESCO World Heritage Site and a major UK retail and tourist destination, attracting over 5 million visitors annually. The property benefits from proximity to the Southgate Shopping Centre and the planned Avon Street redevelopment, now subject to an agreement with the University of Bath for redevelopment. Bath is an attractive and historic city, famous worldwide for its impressive architecture and Roman Baths. The city has been designated by UNESCO as World Heritage Site and is an internationally renewed tourist destination, attracting more than 5 million tourists per annum. The city of Bath is accessed via the National Motorway network at Junction 18 of the M4 and the A46 southbound respectively, thus providing good commuter routes to the South West and the West Midlands. The city of Bristol is situated approximately 13 miles North West of Bath and can be accessed via the main A4 high way which ultimately links Bath with Bristol. These Listed Grade II properties occupy a prominent location on St James Parade and even greater prominence to Corn Street, opposite the Avon Street car park redevelopment site owned by local authority, B&NES.

Freehold Investment / Development Opportunity Mixed-use Freehold Investment-grade Ii Listed: Comprising Commercial Units And Residential Flats, Offering A Balanced Income Stream With Strong Tenant Demand. Asset Management Opportunities: Potential For Refurbishment To Enhance Rental Income, Particularly With The Redevelopment Of Nearby Areas Pending. Current Passing Rent: Commercial Element: £51,500 Per Annum Residential Element: £48,300 Per Annum (one Vacant Flat Awaiting Works) Total Passing Rent: £99,800 Per Annum Estimated Rental Value (whole):£128,500 (one Retail Unit Subject To Renewal) Guide Price: £1,400,000+ Reflecting A Net Initial Yield Of 6.72% After Deducting Purchase Costs Of 6.05%. Attractive Yield Potential: Opportunity To Increase Income Through Active Asset Management And Benefit From The Regeneration Of The Surrounding Area. This Property Presents An Opportunity To Acquire A Well-located Mixed-use Investment In One Of The Uk's Most Desirable And Resilient Property Markets, Opposite A Major Redevelopment Site.

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About the Agent

Carter Jonas LLP

See Agent's Other Properties

Office Unit

£1,400,000 Freehold

17 & 18 St James Parade & 35 & 36 Corn Street, Bath, BA1 1UL
Office - Available
7,015 sq ft
652 sqm
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