1 Northumberland Buildings, & 8 Queen Square, Bath

Investment Summary:

The unit comprises offices, retail and hotel use over 5 floors providing a mix of income from various sources.
Bath is a UNESCO World Heritage Site and is an internationally renowned tourist destination attracting almost 5 million tourists a year.
Northumberland Buildings fronts Wood Street, just off Queen Square within the heart of Bath City Centre. The area provides a mix of offices, restaurants and central shopping with renowned Milsom Street immediately to the east, home to many retailers including Waterstones, Me & Em, Hobbs, Whistles and Knoops. There are also nearby hotels and residential properties.
Prominent corner position on central Georgian terrace.
Grade II* Listed.
Highly sought after location.
Total passing rent: £68,666 per annum (one floor vacant-ERV when fully let £81,666)
Guide price: £925,000
Net Initial Yield: 7% with scope when fully let for 8.4%

Bath is an attractive historic city, famous worldwide for its impressive architecture and Roman Baths. The city has been designated by UNESCO as World Heritage Site and is an internationally renewed tourist destination, attracting almost 5 million tourists per annum.



Location

Bath is an attractive historic city, famous worldwide for its impressive architecture and Roman Baths. The city has been designated by UNESCO as World Heritage Site and is an internationally renewed tourist destination, attracting almost 5 million tourists per annum.

The city is accessed via the National Motorway network at Junction 18 of M4 and the A46 southbound respectively, thus providing good commuter routes to the South West and West Midlands. The city of Bristol is situated approximately 13 miles North West of Bath and can be accessed via the main A4 highway which ultimately links Bath with Bristol.

Bath is located 100 miles (160 kilometres) from central London, with direct access from Bath Spa Railway station with an average journey time of 90 minutes. Bristol is approximately 13 miles away with an average journey time of 11 minutes.
The frontage of the property is on Northumberland Buildings with a return frontage to Queen Street.


Rent / Price

£925,000 Guide Price

VAT

The property is elected for VAT.

Viewing

Strictly by appointment with agents.