Type/Use:
Price:
Price Details:
Availability:
Area:
Property Particulars:
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
Sue Fermandel
+44 (0)117 9885228