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UNDER OFFER

Rivers Street, Bath, Somerset, BA1

Key features

  • 3 Apartments on separate titles + freehold
  • 5 Bedrooms
  • 3 Bathrooms
  • Private garden
  • Gross annual income in excess of £170,000

Description

Description

The property comprises three luxury holiday let units in a mid-terraced townhouse arranged over basement, ground, and three upper floors. The property has been subdivided with a garden maisonette on the ground and lower ground floor, a studio apartment on the first floor, and an upper floor maisonette over the top two floors. The units are all finished to a high specification throughout.

The building operates as full-time luxury holiday let apartments listed on short let booking platforms such as Airbnb and Booking.com. The building is expertly managed by a Bath based short let Airbnb management company.

The apartments enjoy a healthy average occupancy rate of circa 61% throughout the year and generate a total gross sales revenue of approximately £171,000 per annum. Over the last few years, the flats have consistently outperformed other 1 bed and 2 bed short let flats across Bath. The apartment listings have also received a host of positive 5 Star reviews from guests who have enjoyed their stay.

Further information on platform listings, management and performance are available upon request.

The vendor is willing to sell the property as 2 separate lots: The garden maisonette, First-floor Studio and freehold as 1 lot (£995,000) and the upper maisonette as lot 2 (£555,000) should the whole property not be required.

Situation

Rich in its heritage, Bath attracts more than 6.25 million visitors each year, with strong historic attractions and a diverse retail offering. The property forms part of an impressive terrace of Georgian houses situated on Rivers Street, an attractive residential area to the east of the Royal Crescent, and within walking distance of Bath's top tourist attractions, including The Roman Baths, Bath Abbey and Pulteney Bridge. The immediate surrounding area is characterised by residential properties, cafes and restaurants, with Royal Victoria Park a short distance.

Further information

Tenure: Freehold - The apartments are all held on separate long leasehold titles and within a freehold management company.

Viewing by appointment only and can be arranged through the joint agents, Stonier Hobbs & CSquared

Simon Bush, Stonier Hobbs
T / E s.

Nathan Clark, CSquared
M / E nathan.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Rivers Street, Bath, Somerset, BA1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bath Spa Station0.8 miles
  • Oldfield Park Station0.9 miles
  • Freshford Station4.2 miles
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About the agent

Stonier Hobbs, Bath

10 Fountain Buildings, Bath, BA1 5DU

We are wholly independent Estate Agents based in the centre of the Georgian City of Bath.

If you have a residential property requirement within this famous World Heritage City,

STONIER-HOBBS should be your first call.

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Disclaimer - Property reference RiversSt13Full. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stonier Hobbs, Bath. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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