Freehold retail investment at the junction of Lower Borough Walls with Stall Street and Southgate Street. Ground floor shop and basement of 95.03 sq m (1,024 sq ft) NIA, approximately 496 sq ft ITZA, with a secure rear yard providing parking for four cars in tandem. Let to Cornish Bakehouse UK Limited at £46,500 per annum on an effective FRI lease expiring 31/01/2029, inside the 1954 Act. Potential for upward extension and, with control of the parade, air space development, subject to consents.
Location
Bath is a city renowned for its attractive architecture, unique retail offering and 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 sits on the south side of Lower Borough Walls at its junction with Stall Street and Southgate Street, which together form the city's principal north-south retail spine linking the Roman Baths and Abbey quarter to SouthGate Bath. Nearby occupiers include Pandora, Snappy Snaps and Oxfam, and Bath Spa railway station and the bus station are a short walk to the south.
Accommodation Text
The property benefits from the following Net Internal Floor Areas:- Ground floor 67.16 sq m (724 sq ft); Basement 27.87 sq m (300 sq ft); Total 95.03 sq m (1,024 sq ft). The accommodation devalues to approximately 46.10 sq m (496 sq ft) ITZA. Measured on site 14/01/2022 in accordance with the RICS Code of Measuring Practice (6th Edition).
Business Rates
Rateable value (2026): £37,500. Rates payable 2026/27 approximately £14,325 (small RHL multiplier 0.382), before any transitional or other reliefs, payable by the tenant. 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.
Service Charge Details
Not applicable. The landlord insures the building and recovers the premium from the tenant.
EPC Text
The property has an EPC Asset Rating of E (103), valid until 04/03/2032 (certificate no. 3052-6118-8151-6139-3870).
Ameneties 1
Prominent corner position at the junction with Stall Street and Southgate Street
Ameneties 2
Let to Cornish Bakehouse UK Limited at £46,500 per annum
Ameneties 3
Effective FRI lease expiring 31 January 2029, inside the 1954 Act
Ameneties 4
Secure rear parking for four cars in tandem
Ameneties 5
Potential for upward extension and air space development, subject to consents
