27 Broad Street BA1
796 sq ft (74 sq m)
LONG LEASEHOLD IN CENTRAL BATH FOR SALE
Potential reversionary yield of 8.77%.
Key Features
- Long Leasehold-150 years from 6.04.1988
- Grade II Listed
- Recently Let-16.04.2020
- Rent review due 16th April 2025
Location
The city of Bath is accessed via the national motorway network at junction 18 of the M4 and the A46 southbound respectively, thus providing good commuter routes to the South West, South Wales and the West Midlands.
The premises are prominently situated on Broad Street within Bath city centre. The immediate locality provides a range of retailers, both national and independent, including Rossiters of Bath, Biggie Best, Robert Welch and Phase Eight. The entrance to Milsom Place is nearby, the scheme is currently being revitalised with several new occupiers taking occupation in recent months.
Terms & Conditions
The long leasehold interest (150 years from 6th April 1988) is available to purchase at £250,000. Subject to contract.
The property is let to two private individuals trading as Backstage Hair & Beauty for a term of 10 years from 16th April 2020 at a current passing rent of £19,000 per annum. The lease is full repairing and insuring and benefits from 5th anniversary upwards only rent reviews with the next due 16th April 2025. The lease is within the 1954 act and the tenant benefits from a break option dated 16th April 2023.
- Tenure
- Freehold £250,000 Offers in excess of
- Size
- 796 Sq Ft 74 Sq M
- Type
- Retail Investments (Retail, Leisure & Hotels)
- Carter Jonas reference
- 20010629
- Property agent
- Tim Brooksbank
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