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3 bedroom house for sale

Kingsmead Street, Bath, Somerset, BA1

Sold STC £950,000

Property Description

Key features

  • Central Bath
  • Located Just Off Kingsmead Square
  • Close Proximity to Saw Close Development
  • Grade II Listed Building
  • Fully Let
  • Rare Freehold Opportunity
  • Residential Upper 3 Self ContainedFlats
  • Established Retail Units
  • Net Income 41,500 Per Annum
  • 4.13% Net Initial Yield

Full description

Tenure: Freehold

DESCRIPTION

The property comprises a 5 storey Georgian terraced property located on the Southern side of Kingsmead Street. The premises are Grade II listed with Bath stone elevations and a slate
roof. The ground floor and basement are occupied by Stephen Wicks t/a Silcox & Wicks. The first, second and third floors provide three self contained flats occupied by separate Assured
Shorthold Tenancy Agreements which are available to interested parties. The basement is linked to accommodation not included in the sale. This building benefits from a fire escape over land to the rear. The land in question is being marketed for sale separately by the vendors.

TENANCY
3 / 4 Kingsmead Street
3 / 4 Kingsmead Street, is let to Stephen Wicks t/a Silcox & Wicks Ltd for 10 years at an annual rent of £19,500 per annum expiring 28.12.2022. The lease is full repairing and insuring and inside the 1954 Act. There is a rent review at 31.12.2017.

1st Floor Flat
Let on an Assured Shorthold Tenancy agreement from 27.04.1993 at an annual rent of £7,200 per annum. Estimated rental value £8,400 per annum (£700 pcm)

2nd Floor Flat
Let on an Assured Shorthold Tenancy agreement from 10.05.2013 at an annual rent of £6,900 per annum. Estimated rental value £8,400 per annum (£700 pcm)

3rd Floor Flat
Let on an Assured Shorthold Tenancy agreement from 31.05.2014 at an annual rent of £6,900 per annum. Estimated rental value £8,400 per annum (£700 pcm)

The Lease and Assured Shorthold Tenancy Agreements are available for interested applicants on application.

BUSINESS RATES
3 / 4 Kingsmead Street
Rateable Value: £51,500 (includes 5&6 New Street) This is an estimate only and takes no account of possible transitional adjustment.


SITUATION

Bath was inscribed as a World Heritage Site in 1987. It is a university city, a regional shopping, recreation and employment centre, and an international tourist attraction. The city is
located at the juncture of the A4 (Chippenham to Bristol), the A36 (south to Warminster/Salisbury) and the A46 (north to Stroud and beyond). The M4 motorway (junction 18) is approximately 16km north. The city has a mainline railway station
and is well served by public transport.
The City of Bath is accessed via the National Motorway Network at Junction 18 of the M4 and the A46 southbound respectively, thus providing good commuter routes to the South
West, South Wales and the West Midlands. The city of Bristol is situated approximately 12 miles North West of Bath and can be accessed via the main A4 highway which ultimately links Bath with Bristol. The property is situated on Kingsmead Street, just off Kingsmead Square. It is an attractive location within the heart
of Bath providing good access to the Theatre Royal and the city's core retail zone. Kingsmead Street, Square and surrounding area has a mixture of retailers, restaurants and café operators including Boston Tea Party, Kingsmead Kitchen,
The Society Café, Yum Yum Thai, The Orangery Beautician and also a number of office tenants.

More information from this agent

Listing History

Added on Rightmove:
05 July 2016

Map & Street View

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