BA1 1 New Bond Street Buildings, Green Street, Bath

Bath Retail Investment Opportunity.

- New Bond Street Buildings is one of the busiest and upmarket streets in Bath, with nearby retailers including Aesop, Space NK, Jo Malone, Watchhouse Cafe, Kiehl's and Anthropologie.

- The property offers the opportunity to re-develop the upper floors - subject to planning.

- Highly sought after location by fashion led retailers.

- Total passing rent: £87,500.00 per annum.

- Net Initial Yield: £6.90% after allowing for usual purchase costs.

This investment presents a rare opportunity to acquire a high profile commercial property in a desirable and prominent retail location with the added potential to unlock further value through the redevelopment of the upper floors into residential accommodation, subject to obtaining the necessary planning and Listed Building consents.C (72)

Bath is an attractive 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 renowned tourist destination, attracting almost 5 million tourists per annum.

Bath is considered one of the UK's best retail destinations and has recently been ranked the top destination in the world to visit in the Times New York Magazine.

The city 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 West Midlands. The City of Bristol is situated approximately 13 miles north west of Bath and can be accessed via the main A4 highway which ultimately links Bath with Bristol.

Bath is located 100 miles (160 kilometres) from central London, with direct access from Bath Spa Railway Station with an average journey time of 90 minutes. Bristol is approximately 14 miles away with an average journey time of 11 minutes.

The property is located on New Bond Street Buildings at the foot of Milsom Street.

Rental Income £87,500 pa

5yr lease from 10 Nov 2021