Commercial Properties For Sale in Kensington, Bath, Somerset
Paid partnerships can play a role in listing order
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19 Portland Place is one of a portfolio of four freehold Georgian townhouses available in the heart of Bath. Offers invited for the whole at £6,150,000, or for individual buildings. A significant Stamp Duty Land Tax saving may be available to a purchaser acquiring the portfolio as a whole. Based on the current assumed tax treatment, SDLT would be approximately £297,000 for the portfolio as a whole, compared with approximately £704,500 if the four properties were acquired individually by four separate purchasers, representing a potential saving of £407,500. 19 Portland Place is a five storey Grade II Listed mid terrace townhouse of traditional construction with Bath stone elevations. At approximately 677 sq m (7,287 sq ft) gross internal it is substantially the largest building in the portfolio. Portland Place lies on the northern slope above the city centre, within a few minutes' walk of The Circus, the Royal Crescent and the Assembly Rooms. It is a no-through road of elegant Georgian townhouses and is correspondingly quiet, whilst remaining close to central amenities. The building is entered from Portland Place to a communal hall and staircase serving five self-contained flats of one, two and three bedrooms, the largest of them extending to over 1,000 sq ft. A store room lies to the left of the front door. Below the basement flat is a sub-basement of vaults used for storage and forming part of that demise. The flats are finished to varying spe
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18 Burlington Street is one of a portfolio of four freehold Georgian townhouses available in the heart of Bath. Offers invited for the whole at £6,150,000, or for individual buildings. A significant Stamp Duty Land Tax saving may be available to a purchaser acquiring the portfolio as a whole. Based on the current assumed tax treatment, SDLT would be approximately £297,000 for the portfolio as a whole, compared with approximately £704,500 if the four properties were acquired individually by four separate purchasers, representing a potential saving of £407,500. 18 Burlington Street is a five storey Grade II Listed mid terrace townhouse of traditional construction with Bath stone elevations, extending to approximately 541 sq m (5,823 sq ft) gross internal across two measured plans, together with vaults of 26 sq m (280 sq ft). Burlington Street runs up from Julian Road and links through to Portland Place, placing the building within a few minutes' walk of the Royal Crescent, The Circus and the museums of the upper town, and a little further to Milsom Street and the city centre. The building is entered from Burlington Street to a communal hall and staircase serving five self-contained one and two bedroom flats. Accommodation runs from a cellar and lower ground floor through to a top floor flat with views south across the city. Below the basement flat is a sub-basement of vaults, forming part of that demise. The flats are finished to varying specific
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Investment Summary: The unit comprises offices, retail and hotel use over 5 floors providing a mix of income from various sources. Bath is a UNESCO World Heritage Site and is an internationally renowned tourist destination attracting almost 5 million tourists a year. Northumberland Buildings fronts Wood Street, just off Queen Square within the heart of Bath City Centre. The area provides a mix of offices, restaurants and central shopping with renowned Milsom Street immediately to the east, home to many retailers including Waterstones, Me & Em, Hobbs, Whistles and Knoops. There are also nearby hotels and residential properties. Prominent corner position on central Georgian terrace. Grade II* Listed. Highly sought after location. Total passing rent: £68,666 per annum (one floor vacant-ERV when fully let £81,666) Guide price: £925,000 Net Initial Yield: 7% with scope when fully let for 8.4% Bath is an attractive historic city, famous worldwide for its impressive architecture and Roman Baths. The city has been designated by UNESCO as World Heritage Site and is an internationally renewed tourist destination, attracting almost 5 million tourists per annum.
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The premises comprise a Grade II Listed mid-terrace period retail unit with a double frontage on Trim Street and Upper Borough Walls. The premises benefit from open plan retail accommodation on ground floor with a single WC, kitchenette facilities and ancillary storage at lower ground floor level. PLANNING The property is considered to have planning consent under Use Class E (Commercial, Business & Service) of the Town & Country Planning Act (Use Classes Order) 2020. Interested parties are advised to make their own planning enquiries with the local planning authority, Bath and North East Somerset Council.
