Contact:
  • Mike McElhinney Partner
  • Address:

    King Sturge LLP, Queen Square House, Queen Square Place, Charlotte Street, Bath, BA1 2LL

     

  • E-mail:
    mike_mcelhinney@kingsturge.com  susanna_bones@kingsturge.com
  • Telephone:
    T+44 01225 324107 M+44 07774 486606 T+44 01225 324102
  • Fax:
     F+44 01225 337053
  • Minicom:
    -
  • Page Updated:
    21/11/2008
  • Author:
    Information Team
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7-9 Broad Street, Bath - Development Opportunity for a variety of uses

For Sale by Informal Tender

UNDER OFFER 

Approx 1,378.74 m² (14,841 ft²)

LOCATION

Bath is a City of international standing and is famous for its history, culture and architecture which includes the renowned Roman Baths and Georgian Buildings. The City has a resident population of 84,000 (2001 census) with an annual visitor population estimated at over 3 million. 

Broad Street is situated in the North East of the City centre, and links Green Street and New Bond Street to the A4 at George Street. Broad Street is at the heart of the medieval part of the City of Bath, and runs parallel with Milsom Street. The area has seen much redevelopment in recent years, Shires Yard shopping centre, the current redevelopment of the Post Offi ce and the conversion of the former King Edwards School to a hotel indicating that the vitality of the area is increasing.

Communication links to the city are excellent, junction 18 of the M4 motorway is approximately 12 miles to the north and Bristol International Airport 20 miles to the south west. A high speed rail service to London Paddington takes approximately one hour and twenty minutes. The city offers a wide range of retail and leisure facilities.

HISTORICAL CONTEXT

7-9 Broad Street comprises four historic properties situated on the western side of Broad Street.

Each property is Grade II listed, with numbers 7 and 7a being of specifi c historic importance. Part of the property was originally built in 1594, but was later rebuilt in 1640 making it potentially one of the oldest recorded properties in Bath, predating “Sally Lunns House” by 40 years. The properties are a fascinating combination of architectural styles and have a history of a variety of uses. Number 8 also has a fascinating history, being used as Bath’s principal Post Offi ce for many years with the fi rst Penny Black stamp being sent from here a few days before the official release in May 1840.

DESCRIPTION AND LAYOUT

Currently the properties consist of retail accommodation on the ground fl oor of each unit, with 7 and 7a with having vacant space above. The upper parts of numbers 8 and 9 are currently used as office storage.

The properties are a mix of three and four storeys with basement and constructed in Bath stone, with mansard roof. Briefly, the accommodation is as follows:

 

Basement 39.80 m² (428 ft²) 95.52 m² (1,028 ft²) 55.53 m² (598 ft²) 62.63 m² (674 ft²)

Ground Floor 29.24 m² (315 ft²) 146.01 m² (1,572 ft²) 143.99 m² (1,550 ft²) 116.05 m² (1,249 ft²)

First Floor 27.24 m² (293 ft²) 84.13 m² (906 ft²) 79.23 m² (853 ft²) 138.46 m² (1,490 ft²)

Second Floor 27.09 m² (292 ft²) 72.68 m² (782 ft²) 101.10 m² (1,088 ft²) 86.76 m² (934 ft²)

Third Floor 25.04 m² (270 ft²) 48.24 m² (519 ft²)

TOTAL 148.41 m² (1,306 ft²) 446.58 ft² (4,807 ft²) 379.85 m² (4,089 ft²) 403.9 m² (4,347 ft²)

Please note these areas are approximate and are intended as a guide only.

DEVELOPMENT POTENTIAL

The properties are currently arranged as retail accommodation with A1 consent on the ground floor withancillary storage on the upper floors. There is potential to convert the upper floors to residential or office use.

PLANNING AND LISTED BUILDING ENQUIRIES

Interested parties are recommended to discuss their proposals with Bath and North East Somerset District Council prior to submitting their bid.

INFORMATION PACK

A detailed information pack is available to interested parties and contains plans, photographs, planning history, building specifi cations etc and is available from King Sturge at a cost of £40 including VAT.  Cheques to be made payable to King Sturge LLP.

It is important that any prospective bidder has preliminary discussions with the Bath and North East Somerset Council’s planning department prior to submitting any bid.

DISPOSAL PROCESS

The property is offered on a long leasehold basis of 150 years. The retail areas are to be refurbished to an agreed specification (details in the information pack) and then transferred back to Bath and North East Somerset Council as vacant units by way of a 150 year sub lease on completion of the development.

Best offers are to be submitted in writing in the envelope provided in the information pack to the sole agents, King Sturge.

The vendor is under no obligation to accept any or the highest offer.

Offers are to be made for the long leasehold of the property and may be with or without conditions.

Any offers should include the following information:

• Financial Proposal

• Name and Status of proposed purchaser

• Proposed use of the property

• Evidence that necessary funding is in place

• Any other information that may assist in the consideration of the bid.

• Information regarding scheme design, deliverability via planning and construction on the ground is also desirable.

LEGAL COSTS

Each party to pay their own legal costs incurred in this transaction.

VAT

The sale will attract VAT at the standard rate, if applicable.

VIEWING AND FURTHER INFORMATION

Strictly by prior arrangement with the sole agents.

Mike McElhinney, Partner  01225 324107
mike_mcelhinney@kingsturge.com 

Susanna Bones 01225 324102
susanna.bones@kingsturge.com

Subject to contract

March 2006