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5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
5 bedroom , North Parade Buildings, Bath BA1 - Available
North Parade Buildings, Bath BA1

North Parade Buildings, Bath BA1

5 Bedroom | Leasehold | 4 Baths

Guide price £3,450,000
Bath Spa 0.2 miles
Oldfield Park 0.9 miles
Bath Abbey 0.1 miles

A unique opportunity to purchase an entire Georgian terrace in the heart of historic Bath. Approximately 14,216 sq ft / 1320.7 sq m.

North Parade Buildings is situated in central Bath just off the picturesque Abbey Green and Parade Gardens and behind The Bath Abbey. For such a central location, the street is a quiet, pedestrian gem hidden away from the crowds. The property is a mere 6 minute walk from Bath Spa Railway Station providing good access to public transport.
The street was designed in 1753 by the renowned architect Thomas Jelly, and forms part of a magnificent Grade II listed terrace of properties in the centre of Georgian Bath.
The sale includes three complete town houses, with no 7 being a double fronted townhouse and 8 and 9 both having direct access at ground floor level. The properties are built in the neo-classical style typical of the era and constructed of Ashlar Bath stone under a slate tile roof.
The buildings are set over five floors, and despite significant opening up works undertaken by the Council during their years of occupation before the sale to the current owners, the building retains a wealth of period features. Unusually, each floor has been opened across all three buildings to provide beneficial lateral flow through the buildings.
The lower ground floor offers three separate apartments that are well presented and run as a holiday let business.
The ground floors offer a superb reception room, meeting rooms and cellular office accommodation of various sizes. The three upper floors offer further office accommodation, WC and kitchen facilities.
The commercial element of the buildings has been operated as serviced offices for many years and the building is offered with the benefit of the short-term tenancies to the existing tenants. Details are available on request.

SITUATION
Bath is well renowned for its attractive architecture, high quality higher educational providers and unique retailing offer, which combine to provide a compelling city destination for both residents and visitors alike. Bath has a primary catchment area of 370,000 people with an estimated population of over 100,000 (worldpopulationreview.com). The city is an UNESCO World Heritage Site and has one of the highest densities of Listed Buildings in the UK, with 663 Grade I listed. Bath has one of the most affluent catchments in the UK with an above average representation of the most affluent AB social group, with 22% of households earning over £70,000 per annum compared to the 13.5% UK average. The population is supported by a vast student population of around 22,000 people attending the city’s two universities - University of Bath and Bath Spa University. Bath is one of the most visited destinations in the UK with 6.25 million visitors per annum. Tourism contributes £470m to the local economy each year.

ADDITIONAL INFORMATION
Tenure: The premises are available by way of a sale of the Long Leasehold Interest, from Bath City Council for a term of 200 years from 23 August 2006 (182 years unexpired) at a peppercorn rent.
Services: All services are connected.
Planning: The property has mixed office and residential usage with permission in place to convert 8 and 9 to residential use, creating two separate townhouses.
Tenancies: The premises is let on a flexible term on a serviced basis. The total rent across the commercial space would attract a rent of £330,000 pa. Standard tenancy agreement is available on request.
The rent includes business rates, on site receptionist, board and meeting rooms (these are charged for use) as well as equipped kitchen facilities.
The residential element on the lower ground floor comprising x3 flats (2x 2 bed and 1x 1 bed) are currently under a lease until the end of 2024 and attract approximately £50,000 pa to a company running a successful holiday let business.
A full tenancy schedule is available on request to interested parties.
Commercial EPC: Band D

The next steps...

1
Establish funds

How will you fund the purchase?

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
 
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
 
Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Wholesale interest rates can be lower than retail (bank branch) interest rates
  • You get more loan options because they work with numerous banks and lenders
  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.
2
Making an offer

online with Carter Jonas.

When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.


We want to make the offer process as simple as possible and by registering with an account with Carter Jonas today, you can make offers on any of our properties online and at your convenience. Just register with us online and click the 'make an offer' button on any of our properties.

 

3
Need to sell a property

or thinking of renting?

If you have a property to sell, why not see how we can help you. Did you know we can offer all our residential clients a login that will allow them to track their property sale online.

Our offices are also open longer during the week and weekends and we can take calls from potential buyers 24 hours a day 365 days a year.

We can even take the stress out of managing your rental, our award winning lettings team offer a service that can be tailored to your needs.

Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how
Carter Jonas can help you make your next move.

4
Register with us online

makes finding your ideal property easier

Whether you are looking for office or house, a farm or estate the UK property market is notoriously fast moving.

So if you want to be at the front of the property queue, ensure you are signed up to receive daily property alerts and gain instant access to your saved properties and frequent searches.

Also by registering with us online you will receive select research and relevant publications before anybody else and gain access to helpful guides, which will aid you with your property purchase.

Don't forget to use our innovative and unique property wizard to help you find properties you would may not have initially considered, and remember that by registering an account you can make an offer online on your dream home 24/7.

  • Receive email alerts
  • Fast access to your recent searches
  • Publication before anyone else
  • Helpful guides to aid you in your property search
  • Make offers on property online.
5
Found a property, interested?

Arrange a viewing today.

Viewing a house or flat can be an exciting time, but remember to register with you local office of Carter Jonas first.

This could give you access to confidential sales (properties we are requested not to advertise) which you will never see online.

It's also worth registering with us online, here you can setup email alerts which will be sent daily, updating you on the latest properties that match your requirements.
 
When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Get in touch
Bath 01225 747 250 Email team
Key property details
Property attributes
Terraced
Era
Period
Locality
Town/City
Tenure
Leasehold
Total sq ft
14,216 (1,320.7 Sq M) approx.
Carter Jonas reference
BTH230206
24 hour call handling is now available

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