Commercial Properties For Sale in Raglands, Bath, Somerset
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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.
