- Client
- St Johns Foundation
- Sector
- Commercial
- Location
- Bath
- How we helped
- Retail and leisure
Three career highlights:
Leading Bath retail and leisure agent, act for St John’s Foundation, Bath, Standard Life, Aviva, Imperial, The Gap and numerous other investors and occupiers.
Recent highlights:
• Letting to Rick Stein restaurants in Marlborough, Wiltshire.
• Sale of an investment portfolio in Bath for St John’s Foundation
• Sale of Santander, Milsom Street, Bath for Lothbury.
• Transactional work for St John’s Foundation in Old Bond Street Bath including lettings to Bobbi Brown and Charles Tyrwhitt and purchase & re-gear of Russell & Bromley.
Number 16 and 17 Old Bond Street, Bath, is a large prime retail unit that was let to Russell & Bromley at £365,000 pa. The retail unit also has three floors of self-contained offices above it let at £70,000 pa to a local serviced office provider.
St Johns Foundation’s reason for the sale was in order to re-align their extensive property portfolio in the city. Offers were received from a number of institutional investors but the impact of the COVID-19 pandemic depressed the prices offered. Negotiations were conducted with the tenant, Russell & Bromley, who purchased the freehold for £6.25m, an initial yield of 6.5%.
