Prominent Rebased Mixed Use Investment For Sale
Mixed use block situated in a prominent location fronting New Bond Street and Upper Borough Walls.
The property comprises approximately 35,265 sq ft (3,276 sqm) of retail floorspace and 18,809 sq ft (1,747 sqm) of office accommodation, as detailed in the tenancy schedule attached.
Tenants include Anthropologie, White Stuff, Toni & Guy, Stone King LLP and ORX UK Limited.
Income split 32% office and 68% retail.
Significant proportion of the income is rebased.
Tenure – Long leasehold with c.86 years remaining.
Wault to expiry of 7.1 years and 5.9 years to break.
Bath is ranked 8th based on its PMA Non-Food Retail Score, 7th on the PMA Fashion Score and 6th on PMA’s Café/Restaurant Score out of the 200 PROMIS Centres (Bath Promis, 2022).
The city centre is designated by UNESCO as a World Heritage Site and is internationally renowned for its Roman-built baths and Georgian architecture.