Type/Use: 

Retail

Sale/Rent: 

For Rent

Price: 

£50000

Price Details: 

Per Annum

Availability: 

Available

Area: 

5978ft²

Property Particulars: 

The premises are located in a prominent location towards the top end of Milsom Street close to its junction with George Street.

Location      Location Plan

The City of Bath is a World Heritage Site attracting approximately 5.8m tourists per year with an established visitor spend in excess of £350m.

The premises are located in a prominent location towards the top end of Milsom Street close to its junction with George Street. It is adjacent to Moss and India Jane, opposite Oka Furniture and close to HMV, Paperchase, Bravissimo, Miller and Carter Restaurant and House of Fraser Department Store.

Description

The premises are Grade II Listed and are arranged over ground floor and basement providing the following approx. internal floor areas: -

Floor                                    Sq ft           Sq m

Ground Floor Sales (incl.
window display)                 2,464           229

Basement Storage                555             52

Vaults                                    533             49

Additional Basement          2,426           225

                                          5,978           555

These floor areas have been calculated from CAD drawings and interested parties should verify their accuracy themselves.

Tenure

The property is available by way of a new effectively FRI lease, by way of Service Charge, for a term to be agreed and subject to rent reviews at four year intervals.

Rent

£50,000 per annum exclusive.

Business Rates

We understand that the property is assessed as follows: -

Rateable Value (2017) £98,500

UBR (2022/2023) 51.2p

Interested parties may benefit from rates relief if applicable and should carry out their own investigations.

The Rateable Value will be subject to a revaluation with effect from April 2023.

Planning

The premises fall within Class E of the Town and County Planning (Use Classes) Order 2020. Interested parties should carry out their own due diligence in this regard.

EPC

An EPC has been commissioned and is available on request.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

VAT

VAT if applicable will be charged at the standard rate.

Subject to Contract
July 2022

For further information please contact:

Chris Wright

+44 (0)117 988 5254

+44 (0)7974 359210

chris.wright@avisonyoung.com

Sue Fermandel

+44 (0)117 9885228

Sue.fermandel@avisonyoung.com

 

Valuer Name: 

Chris Wright and Sue Fermandel

Valuer Email: 

Valuer Telephone : 

+44 (0)117 988 5254 +44 (0)7974 359210 or +44 (0)117 9885228

Valuer Address: 

Avison Young (UK) Limited St Catherines Court, Berkeley Place, Bristol BS8 1BQ

Location: 

21
Milsom Street
BA1 1DE Bath
United Kingdom