Westgate House, 2 Kingsmead Square, Bath
- SIZE
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- SECTOR
Commercial property for sale
Key features
- Opportunity to acquire an operational student asset totalling 29 student beds
- Income profile comprises stabilised direct let student income
- Leasehold investment comprising the upper three floors above a commercial unit
- Located in the centre of Bath, 0.4 mile walk to Bath Spa train station
- Part of a wider portfolio
Description
The property comprises a four storey building. The extent of the student accommodation is between the first and third floor, inclusive of the access on the ground floor and refuse and cycle store on the lower ground floor. The accommodation comprises 29 cluster flats (5x5 bed clusters and 1x4 bed cluster). The ground floor retail unit is held under a separate ownership and is let to a restaurant operator.
Income profile comprises stabilised direct let student income, producing a gross income for the 2025/2026 academic year of £281,100.
Leasehold term of 25 years. At the end of the term, the tenant has the right to renew the lease for another of 25 year term.
Located in the centre of Bath, 0.4 mile walk to Bath Spa train station. Strategically positioned between both universities with frequent public transport services
Brochures
Westgate House, 2 Kingsmead Square, Bath
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bath Spa Station0.3 miles
- Oldfield Park Station0.8 miles
- Freshford Station3.8 miles
Notes
Disclaimer - Property reference 5B2F32A4-76B2-4E82-BEBA-AB3DCFBE79DB. 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 Savills, Bristol Development. 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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