Under Offer

TypeRetail Investments · Assured Shorthold Tenancies

BA1 17 & 18 St James Parade, & 35 & 36 Corn Street, Bath

TenureFor sale

17 & 18 St James Parade, & 35 & 36 Corn Street, Bath, BA1 1/3

Specification

Building size
Building size 7,015 sqft
Property type
Property type Retail Investments · Assured Shorthold Tenancies
Tenure
Tenure For sale

Description

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.

Location

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.

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