Retail Investment Opportunity in Bath

Restaurant +Maisonette

25 Claverton Buildings Bath Somerset BA1 1EB

Investment Property For Sale: £675,000
Total Floor Area: 178 sq.m/1,912 sq.ft
Net Investment Income: £40,420 per annum




Last updated: 04 Sep 2015 Ref: 25claverton

Property Description

The premises are situated on Widcombe Parade, a popular thoroughfare serving the local area but also known for the high quality of the restaurants and public houses, as well as being an aspirational retail destination. There are significant road works in progress to improve the layout of Widcombe Parade. The premises has direct access onto Widcombe Parade with temporary parking on the street or pay and display car park just at the end of the terrace.

Measurements

  • Net Internal Floor Area
Restaurant 25 Claverton Buildings Bath - Mr Alvin Uloli
Measurementimperialmetric
Basement612 sq.ft57 sq.m
Ground Floor654 sq.ft61 sq.m
Total Floor Area1,266 sq.ft117.61 sq.m

Maisonette - University of Bath Students
Measurementimperialmetric
First Floor646 sq.ft60 sq.m
Total Floor Area646 sq.ft60 sq.m


Agent's Disclaimer

These particulars do not constitute an offer or contract and although they are believed to be correct, their accuracy cannot be guaranteed and purchasers must satisfy themselves as to their accuracy. No person representing Colston & Colston has any authority to make any representation or warranty whatever in respect of the property. All measurements are approximate. Under the Finance Acts 1989 & 1997, VAT may be levied on the rent or sale price.


Sale Terms

Offers are sought in excess of £675,000 subject to contract and exclusive of VAT. This equates to a capital value of £353 per sq ft.


Tenant, lease and rent summary

25 Claverton Buildings Bath BA1 1EB
Retail UnitTenantRental IncomeLease Dates
Restaurant Mr Alvin Uloli £28,000 06.07.2007 -start
05.07.2027 -expiry
No -break
MaisonetteUniversity of Bath Students £12,420No -break
Total Rent £40,420


Covenant Information:

Mr Alvin Uloli

Mr P Bullard (assigned to Mr Alvin Uloli.) 60% of building repair and insurance + internal and shop front.

University of Bath Students

Flat is rented on a single Assured Shorthold Tenancy to University of Bath Students for 12 months. This equates to £345pcm per room.

Agent's Disclaimer

These particulars do not constitute an offer or contract and although they are believed to be correct, their accuracy cannot be guaranteed and purchasers must satisfy themselves as to their accuracy. No person representing Colston & Colston has any authority to make any representation or warranty whatever in respect of the property. All measurements are approximate. Under the Finance Acts 1989 & 1997, VAT may be levied on the rent or sale price.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Bath is a city of international reputation, being a World Heritage Site, located approximately 100 miles west of London and 13 miles east of Bristol. It is set within a landscape and built environment of the highest quality, with a residential population of over 80,000 and annual visitor numbers exceeding 4 million at the last Census. The completion of the Thermae Bath Spa and the redevelopment of the SouthGate Centre have added to the city's undoubted reputation as an excellent city in which to live and stay. Bath is served by excellent transport routes, including frequent train services to Bristol and London Paddington, as well as access to the M4/M5 via the A46. More specifically, the property is situated in Widcombe, which is approximately half a mile south of Bath city centre and in close proximity to Bath Spa Railway Station, just across Halfpenny Bridge.

Map



ColstonAndColston
Agents Contact Details

Name: Allan Lloyd
Company: Colston & Colston
Address: 1 Queen Square Bath Somerset BA1 2HA
Email:
Email the agent
Direct Dial: (01225) 904704
Mobile: 07527 388036


Second Contact

Name: Will Brenner
Company: Colston & Colston
Address: 1 Queen Square Bath Somerset BA1 2HA
Email:
Email the agent
Direct Dial: (01225) 904704
Mobile: 07919 831723




Download pdf brochure Brochure for: Maisonette 25 Claverton Buildings  Bath Somerset  BA1 1EB. Investment Property For Sale: £675,000. Total Floor Area: 178 sq.m/1,912 sq.ft. Net Investment Income: £40,420

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