Retail Investment Opportunity in Bath

Restaurant

16 Argyle Street Bath Somerset BA2 4BQ

Investment Property For Sale: £550,000
Total Floor Area: 161 sq.m/1,728 sq.ft
Net Investment Income: £40,000 per annum




Last updated: 07 Sep 2015 Ref: argylestreet

Property Description

The property comprises the lower floors of a six-storey building and is currently occupied by a restaurant. A side entrance provides access to the upper parts.

Measurements

  • Net Internal Floor Area
Restaurant 16 Argyle Street Bath - Thai By The Weir
Measurementimperialmetric
Basement1,047 sq.ft97 sq.m
Ground Floor545 sq.ft51 sq.m
Kitchen136 sq.ft13 sq.m
Total Floor Area1,728 sq.ft160.53 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 £550,000 subject to contract and exclusive of VAT. This equates to a capital value of £319 per sq ft.


Tenant, lease and rent summary

16 Argyle Street Bath BA2 4BQ
Retail UnitTenantRental IncomeLease Dates
Restaurant Thai By The Weir £40,000 18.12.2009 -start
17.12.2025 -expiry
18.12.2019 -break
Total Rent £40,000


Covenant Information:

Thai By The Weir

To Dara Adyatha t/a Thai By The Weir at a rent of £40,000 per annum exclusive for a term of 16 years from the 18 December 2009, expiring the 17 December 2025. The tenant is responsible for a fair proportion of the cost of repairs and insurance to the property. Rent reviews are due at 4 yearly intervals throughout the term, the next being December 2013, 2017 and 2021. The tenant has the option to break the Lease on no less than six months’ written notice on the 18 December 2014 and 2019.The landlord holds a six month rental deposit.

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

The affluent Roman city of Bath is located approximately 186 km (116 miles) west of Central London, 80 km (50 miles) east of Cardiff and 23 km (14 miles) south east of Bristol. The City benefits from excellent road communications and is served by the A4, A36 and A46, with junction 18 of the M4 Motorway approximately 13 km (8 miles) to the north of the City. The A4 runs west to Bristol (and the M5 beyond) and east to Chippenham, whilst the A36 connects Bath to Trowbridge and the south. Bath Spa railway station is on the national railway network with a fastest direct journey time to London Paddington of 1 hour 25 minutes. The City is a popular commercial centre attracting a wide range of businesses as well as being a renowned retailing and tourism destination. The property is located within a retail terrace on Argyle Street, which forms a link from Bath’s historic Pulteney Bridge through to the grand residential area of Great Pulteney Street. Nearby shops in the vicinity include Bath Rugby, Orvis, McColls convenience store, along with a sports shop, hairdressers and eating establishments.

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:  16 Argyle Street  Bath Somerset  BA2 4BQ. Investment Property For Sale: £550,000. Total Floor Area: 161 sq.m/1,728 sq.ft. Net Investment Income: £40,000

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