33-34, Moorland Road BA2
2,940 sq ft (273.1 sq m)
Bath is one of the UK's leading retail destinations, scoring a high 10th out of 200 on the PMA retail score, which is based on the number of retailers located in the city. The total city centre retail floor space in Bath is estimated at 1.43 million SqFt.
Historically vacancy rates have remained well below the national average in Bath with it remaining an attractive destination for not only the national occupiers but the independents too.
Bath is considered one of the UK's best retail destinations
and has recently been ranked the top destination
in the world to visit in the Times New York Magazine.
Bath is a UNESCO World Heritage Site and is an internationally
renowned tourist destination attracting almost 5
million tourists a year.
Moorland Road is the main high street in Oldfield Park,
with nearby retailers including Sainsburys Local, Velo
Lounge, The Oyster Shell, Taylors Bagels, and Dominos.
The property offers a mixed use investment with 2 x 1-
bedroom flats and a prominent ground floor retail unit
Moorland Road is a strong retail location and the area is
popular for young families and students
Retail rent: £30,800 per annum and 2 x 1 bedroom flats
producing a total rent of £21,240 per annum
Passing rent on 33-34 Moorland Road reflects £32 ZA
Total passing rent: £52,040 per annum
Guide price: £600,000
Net Initial Yield: 8.26% after allowing for usual purchase
costs
Key Features
- Commercial EPC - C (73) Flat 33A EPC - D (63) Flat 34S EPC - C (73)
Location
Bath is an attractive historic city, famous worldwide for its impressive architecture and Roman Baths. The city has been designated by UNESCO as World Heritage Site and is an internationally renowned tourist destination, attracting almost 5 million tourists per annum.
The city is accessed via the National Motorway network at Junction 18 of M4 and the A46 southbound respectively, thus providing good commuter routes to the South West and West Midlands.
33-34 Moorland Road is located in the suburb of Oldfield Park, which is situated approximately one mile south west of Bath city centre.
The property occupies a prominent corner position fronting the central part of Moorland Road with return frontage to Livingstone Road, being at the crossroads with Herbert Road. Neighbouring occupiers include a mix of local retailers, estate agents, a high street bank, various restaurants, takeaways and drinking establishments.
- Tenure
- Freehold £600,000 Guide Price
- Size
- 2,940 Sq Ft 273.1 Sq M
- Type
- Retail
- Carter Jonas reference
- 20018822
- Property agent
- Philip Marshall
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