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Property for sale

Princes Street, Bath, Somerset, BA1

Sold STC £125,000

Property Description

Full description

Tenure: Freehold

ACCOMMODATION
The premises extend to the following approximate Net Internal Area in accordance with the RICS Code of Measuring Practice 6th Edition:
Ground Floor - 179 sq ft / 16.6 sq m
First Floor - 231 sq ft / 21.5 sq m
Total - 410 sq ft / 38.1 sq m

DESCRIPTION
The property comprises a two-storey Grade II Listed period building. The property is currently let to Marcin and Agnieska Worzalla (T/A BC Catering).
The property is situated in a row of attractive period buildings with a mix of residential buildings, offices and independent retailers all located nearby.
There is the potential, subject to obtaining necessary consents, to redevelop the property so as to provide an infill residential townhouse.

LOCATION
Bath is a world renowned heritage city that has been able to boast UNESCO status since 1987. Over the past few years, the city has developed into a regional hub for shopping. 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 premises are situated on Princes Street, just off Queen Square; one of Bath's most prestigious addresses. The area includes a mix of retail and office occupiers as well as residential and is within a couple of minutes' walk from the fashionable Milsom Street and Bath City Centre.

TENANCY
The property is currently let by way of a full repairing and insuring lease to Martin and Agnieska Worzalla (T/A BC Catering). The lease is for a term of 6 years from 11 July 2013 and the current passing rent is £7,500 per annum. A rent review was due on 11th July 2016.

PLANNING
It is thought that the property has an A1 Planning Use Consent. However, purchasers should make their own enquiries with Bath and North East Somerset Planning Department:
01225 394041

DEVELOPMENT POTENTIAL
There is potential, subject to planning and listed building consent, to redevelop the property as a townhouse through a comprehensive redevelopment. Purchasers are encouraged to make their own enquiries into this.

RATEABLE VALUE
Rateable Value: £7,000
Rates Payable (2016/2017): £3,451

VAT
The price is quoted exclusive of VAT, if applicable.

VIEWINGS
Viewings are strictly by appointment only and must be organised through sole agents Carter Jonas:
NB. Applicants are respectfully asked not to approach the tenants directly
SUBJECT TO CONTRACT


More information from this agent

Listing History

Added on Rightmove:
07 September 2016

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