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
Restaurant 16 Argyle Street Bath - Thai By The Weir| Measurement | imperial | metric |
|---|
| Basement | 1,047 sq.ft | 97 sq.m |
| Ground Floor | 545 sq.ft | 51 sq.m |
| Kitchen | 136 sq.ft | 13 sq.m |
| Total Floor Area | 1,728 sq.ft | 160.53 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 Unit | Tenant | Rental Income | Lease 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 WeirTo 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
