1 Moorland Road, Bath, Somerset, BA2 3PJ

Description

FREEHOLD INVESTMENT FOR SALE
Mixed use investment
Located on popular local retail parade
Total annual gross rent of £27,750
Ground floor let until January 2030
Ground floor tenant in occupation since 2016
First floor let on 12 month AST

DESCRIPTION
The ground floor comprises a lock-up business (Class E) unit, currently in operation as a café. The sales space is open plan with additional storage accommodation as well as commercial kitchen and WC to the rear. Included with the property demised to the tenant is a small forecourt which is used as an outside seating area, together with a gated path to the side of the property which leads to a small garden.
The first floor is accessed through a separate pedestrian entrance at the rear of the property and comprises a two bedroom flat with good levels of natural light to all rooms. The flat is considered to have potential to be used for student accommodation subject to necessary statutory consents.

Location

Bath is a city renowned for its attractive architecture, unique retail offering & world heritage status. Bath and North-East Somerset has a residential population of 193,400 and annual visitor numbers exceeding 6 million, according to the last Visitor Impact Report 2018. Bath is served by excellent transport infrastructure, junction 18 of the M4 being just 10 miles to the north via the A46. Train journeys to Bristol are just 12 minutes, with travel to London Paddington approximately 1 hour 20 minutes.

Situation

The property is located on Moorland Road, in the heart of Oldfield Park on the south side of Bath. Moorland Road is the principal local retail parade for Oldfield Park, a residential area, a short distance from Bath city centre. The property benefits from being positioned in the central part of Moorland Road. Nearby commercial property uses include barbers, hairdressers, beauticians, hot food takeaways, charity shops and supermarkets.

Accommodation Text

The following areas have been obtained in accordance with the RICS Property Measurements Statement, (2nd edition):-
Ground Floor Unit (NIA) 53.82 Sq M 579 Sq Ft
First Floor Flat (GIA) 62.56 Sq M 673 Sq Ft
Total 116.38 Sq M 1,252 Sq Ft

Business Rates

Rates payable subject to small business rate relief eligibility.
We recommend any interested parties make their own enquiries to Bath & North East Somerset Council ) to verify these figures.


Legal Costs

Each party is to be responsible for their own legal and professional fees incurred in any transaction.

EPC Text

The ground floor has an EPC of 33 B (Certificate number 5599-8489-4040-9770-4986)
The First Floor flat has an EPC of 39 E (Certificate number 8630-6421-5280-5666-0292)

Further Information

OCCUPATIONAL LEASES
The property is subject to two tenancy agreements for both the shop and flat respectively, in total producing a gross rent of £27,750 per annum excl. VAT.
The ground floor is let to an individual t/a The Grumpy Baker who have been in occupation since 2016 and recently renewed for a term of 5 years from 22 January 2025, expiring on 21 January 2030. The lease is drafted on a full repairing terms and contains tenant only break clause on 21 January 2028. The current rent is £15,750 per annum. The Lease is granted inside the security of tenure provisions of the Landlord & Tenant Act 1954 (Part II).
The first-floor flat is let to two individuals on a 12 month AST from 19th February 2026 at a rent of £1,075 PCM.

ANTI-MONEY LAUNDERING
The purchaser will be required to provide identity documentation to comply with UK Anti-Money laundering legislation at the point of agreeing heads of terms.

VAT
VAT is not applicable


Ameneties 1

Mixed use investment

Ameneties 2

Located on popular local retail parade

Ameneties 3

Total annual gross rent of £27,750

Ameneties 4

Ground floor let until January 2030

Ameneties 5

First floor let on 12 month AST