38 St. James's Square, Bath, Bath And North East Somerset, BA1 2TU

Description

The property comprises an attractive Grade I listed lock up retail unit over ground and basement levels let on a 15 year lease to to a local pharmacist at a currrent rent of £12,500 per annum excl VAT. The freehold interest will include the upper floors which are accessed independently from street level and comprise three flats, all sold off on 999 year leases at a yearly ground rent of £10 each.

Location

The Property occupies a prominent corner position onto St James Square, in an affluent susburb of Bath. The property is a short (10 min) walk form the central retailing and leisure districts of the city.

Situation

The property is situated with its main frontage to

Accommodation Text

The property benefits from the following Net Internal Floor Areas:-

Floor Sq ft Sq m
Ground 560 52.03
Basement 339 31.50
TOTAL NIA 899 83.53


Business Rates

The property currently has a Rateable Value of £9,800 (Apirl 2026) meaning it will potentiallly qualify for small business rate relief eligibility.


Legal Costs

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

Service Charge Details

The property is managed by the freeholder with each occupier holding a 25% share of the of the management company. The commerical lease is drafted on an effective full repairing basis with the tenant contributing 40% of the costs of the landlord's reasonable costs in complying with thier obligations. The remaining costs are bourne by the residential tenants.

EPC Text

The property has an EPC rating of D91.

Further Information

Please contact the sole selling agent, Nathan Clark at CSquared on or nathan.

Ameneties 1

LET ON 15 YEAR LEASE FROM MARCH 2020 TO PHARMACY

Ameneties 2

CURRENT RENT £12,500 PAX

Ameneties 3

5 YEARLY RENT UPWARD ONLY REVIEWS TO MARKET RENT (NEXT RR 25 MARCH 2030)

Ameneties 4

TENANT BREAK OPTION

Ameneties 5

FH INCLUDES UPPERS COMPRISING THREEE FLATS (SOLD OFF LLH)