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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

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