Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
Prime Freehold Retail Investment Block For Sale
Bath is an internationally renowned historic city and is one of the UK’s strongest retail centres
Bath’s tourist industry attracts over c 6 million visitors every year, significantly adding to the retail spend available (Visit Bath)
Freehold prime retail investment block on Union Street, one of Baths principal retail thoroughfares
Rebased leases with start dates in 2023/2024
The property is let on three separate tenancies to Dr Martens, Amorino and Timpson’s, at a total current passing rent of £209,500 pa
The WAULT to expiry is c 8.5 years
The ownership offers potential for residential conversion on the upper floors, subject to planning and vacant possession
Offers are invited in excess of £2,900,000 (Two Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT, which reflects an attractive net initial yield of 6.8% after allowing for standard purchaser’s costs.
Tenure:
Freehold
Lot Size:
9,435 sq ft 877 sqm
Yield:
6.8 %
Price:
£2,900,000
Contact:
Philip Hay
0207 637 7100 / 07770 580 590
phay@jacksoncriss.co.uk
Rhodri Jones
0207 637 7100 / 07570 684 444
rjones@jacksoncriss.co.uk