Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles south-east of Bristol, 34 miles south-west of Swindon
Roads
A4, A36, A46
Rail
Oldfield Park – Lower Bristol Road Railway Station
Air
Bristol Airport
Situation
The property is located in the Newbridge area of Bath, a largely residential neighbourhood, about one mile west of Bath city centre and close to the Royal United Hospital. The property is located in a prominent corner location on the western side of Chelsea Road at its junction with Park Road in an established retail parade. Nearby occupiers include Spar and a number of independent retailers.
Tenure
Freehold.
Location
Miles
11 miles south-east of Bristol, 34 miles south-west of Swindon
Roads
A4, A36, A46
Rail
Oldfield Park – Lower Bristol Road Railway Station
Air
Bristol Airport
Situation
The property is located in the Newbridge area of Bath, a largely residential neighbourhood, about one mile west of Bath city centre and close to the Royal United Hospital. The property is located in a prominent corner location on the western side of Chelsea Road at its junction with Park Road in an established retail parade. Nearby occupiers include Spar and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with lower ground and basement ancillary accommodation. In addition, there is a self-contained residential accommodation on the first floor (let on three tenancies) comprising three rooms, a communal kitchen and two shower rooms and a self-contained one bedroom flat on the second floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with lower ground and basement ancillary accommodation. In addition, there is a self-contained residential accommodation on the first floor (let on three tenancies) comprising three rooms, a communal kitchen and two shower rooms and a self-contained one bedroom flat on the second floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Ground Lower Ground Basement
Retail Ancillary Ancillary
45.47sq m 65.20 sq m 42.93 sq m
(489 sq ft) (702 sq ft) (462 sq ft)
H.U.G.S. (BATH) LIMITED (1) with Personal Guarantees
Approximately 7 years 1 month from 01/05/2013 (by way of a lease extension)(2)
£14,000
First (Room 1)
Residential
One Bedroom with Communal Kitchen and Two Shower Rooms
INDIVIDUAL
AST for 6 months from 26/11/2015
£6,000 (3)
First (Room 2)
Residential
One Bedroom with Communal Kitchen and Two Shower Rooms
INDIVIDUAL
AST for 2 years from 21/11/2013 (Holding over)
£6,000 (3)
First (Room 3)
Residential
One Bedroom with Communal Kitchen and Two Shower Rooms
INDIVIDUAL
AST for 14 months from 01/08/2015
£6,540 (4)
Second
Residential
One Bedroom Flat
TWO INDIVIDUALS
AST for 1 year from 24/07/2015
£7,800 (5)
Total Commercial Area
153.60 sq m
(1,653 sq ft)
£40,340
(1) A rent deposit of £1,000 is held by the vendor. (2)The original lease was for a term of 5 years and the lease was subsequently extended in August 2015. (3)The tenant pays £500 p.c.m. The rent stated in the tenancy schedule is a gross annualised rent with the Landlord responsible for utilities and cleaning costs. (4)The tenant pays £545 p.c.m. The rent stated in the tenancy schedule is a gross annualised rent with the Landlord responsible for utilities and cleaning costs. (5)The tenant pays £650 p.c.m. The rent stated in the tenancy schedule is an annualised rent.
