Prime Bath city centre leisure opportunity
· High footfall sought after location
· Surrounded by national operators & retailers
· Building extends to circa 7,300 sq ft
· Suitable for a variety of uses
Location - Location Plan
Bath is a highly desirable and affluent historical city, being designated a World Heritage Site in recognition of its international cultural importance. The property occupies a prime city centre location on Milsom Street, an established and high footfall retail and leisure destination. The property is surrounded by a number of national and independent leisure operators including The Ivy, The Botanist, Café Rouge, Bandook Kitchen, Bosco Pizzeria and the soon-toopen Coppa Club.
The property comprises an attractive former banking premises that occupies a prominent position on Milsom Street. Featuring traditional Bath stone and sash windows, the building extends over four storeys, from basement to second floor, including a mezzanine. The property is currently vacant, providing a clear space ready to take an ingoing tenant's fit out works. Working lifts remain in situ, providing access between the various floors of the building.
The property was previously operated as a bank, with vaults in the basement and offices on the upper floors. This is a very desirable location given the high levels of footfall, proximity to the city's major tourist attractions, as well as the number of complementary operators nearby, and the accommodation lends itself to a variety of restaurant and leisure uses.
The property extends over basement, ground, mezzanine, first and second floors. The layout of the property is arranged as follows:
Benefitting from two separate entrances at the front of the building on Milsom Street, the ground floor provides a double-height banking hall with offices and meeting rooms to the rear. Adjacent to the banking hall is a lift providing access to the basement and upper floors. A secondary entrance corridor leads to a staircase and lift which provides access to the upper floors.
A staircase to the side of the ground floor leads to the basement accommodation. This comprises a number of storage areas and bank vaults. A lift also provides access to the upper floors of the building.
At the rear of the building, a staircase leads to the mezzanine level. This comprises partitioned offices and storage space, with plenty of natural light from the front and rear of the building.
The first floor is accessed via stairs and the two lifts. This comprises office accommodation and storage, with some internal partitioning and air conditioning throughout.
The second floor is also reached via stairs and a lift. Accommodation is divided into office space and separate male and female WCs.
The building provides the following approximate net internal areas:
Basement 199.65 sq m 2,149 sq ft
Ground 204.76 sq m 2,204 sq ft
Mezzanine 68.75 sq m 740 sq ft
First 120.77 sq m 1,300 sq ft
Second 87.33 sq m 940 sq ft
TOTAL 681.26 sq m 7,333 sq ft
The property is available by way of a new lease on terms to be agreed. The guide rent is £115,000 per annum and will be subject to 4 yearly rent reviews. The lease will be drafted on full repairing and insuring terms.
The building is Grade II Listed and situated within the Central Bath Conservation Area.
An ingoing tenant will need to make a new licensing application to Bath & North East Somerset Council.
The property is in an area administered by Bath & North East Somerset Council. The 2017 Rateable Value has been assessed at £220,000.
An EPC has been commissioned and further information will be available on request.
We are advised the premises are connected to all mains services.
All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.
The Money Laundering Regulations require us to conduct checks upon all Purchasers (including Tenants). Prospective Purchaser(s) will need to provide proof of identity and residence. For a Company any person owning more than 25% must provide the same.
Viewing strictly by appointment through Fleurets West & South Wales office on 0117 923 8090
Finance & Insurance
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