10, 11 and 12 Laura Place
Bath
BA2 4BL

Three Attractive Grade I Listed Office/Residential Buildings in Bath City Centre

  • Prestigious City Centre Location in Bath, a UNESCO World Heritage City
  • Considered to be the first time since the 18th Century that these properties have been sold as a collective terrace
  • Currently used for Residential (8,727sq ft) & Office (8,150sq ft) a total of 16,877 sq ft (1,567 sq m)
  • Income of £226,773.75 per annum with 2 Vacant flats & 2 Vacant office suites
  • 11 & 12 Laura Place have been in the same family ownership since 1967 and 10 Laura Place since 1980.
  • Extensive alternative use conversion potential, subject to consents
  • Views over the graceful Grade I Listed houses of Laura Place and Great Pulteney Street, as well as the River Avon and Bath Abbey
  • Online Sale
    Tuesday 15th December 1pm
  •  
     
  • Rent
    £226,773 per Annum
  • Status*
    Sold
  • Price
     
  • Sector
    Office/Residential
  • On the Instructions of an Executor.
Important Update
  • 10, 11 and 12 Laura Place, Bath, BA2 4BL
  • Expand
  • Photos
  • Map

Property Information

Location
Bath is the only entire city in the UK that’s a designated UNESCO World Heritage Site with its stunning Georgian architecture. The University City is an affluent and popular tourist cathedral city, being a premier destination providing a thriving shopping, dining and cultural experience.
There are numerous World class attractions including The Abbey, Roman Baths, Jane Austen Centre and Royal Crescent. Bath`s thermal waters have been used for therapeutic and medical purposes for over 2,000 years. Located in Bath and North East Somerset, the beautiful countryside is within easy reach by foot, bike or car.
Bath is located 11 miles south-east of Bristol, 35 miles south-west of Swindon and 45 miles south of Cheltenham.
The city benefits from good communications, with the M4 motorway (junction 10) 9 miles to the north providing direct links to London and Wales. The M4/M5 junction is 16 miles to the north west giving access to Devon/Cornwall to the south and the Cotswolds to the north.
Bath Spa railway station provides services to London Paddington (journey time 87 minutes) and Bristol Temple Meads (journey time 13 minutes). Bristol International Airport is 25 miles to the west, serving over 100 destinations worldwide. London Heathrow airport is 100 miles to the east via the M4.
Situation

The properties in the City Centre form part of Laura Place which is an irregular octagon of four terraces of houses at the convergence of Great Pulteney Street, Henrietta Street, Johnstone Street and Argyle Street close to the world famous Pulteney Bridge. Pulteney Bridge which spans the Avon, is only one of four bridges in the world to have shops on both sides. City Centre shopping/facilities are close by along with Henrietta Park, Bath Sports & Leisure Centre, Bath RFC (The Rec) and Bath Golf club is within a mile to the east.

Tenure

Freehold.

Description

The three terrace houses built between 1788 – 1790 by Thomas Baldwin for Sir William Johnstone Pulteney and named after his daughter Laura, comprise three former town houses of mixed office and residential use of 1,567.87 sq m (16,877 sq ft) in total.
The properties are arranged over basement, lower ground, ground and four upper floors to comprise 9 residential apartments and 10 office suites.
Residential accommodation comprises 810.34 sq m (8,727 sq ft) and Office accommodation of 757.52 sq m (8,150 sq ft). See legal pack for floor plans. A simplified plan showing the layout and further photographs are available upon request.

VAT

VAT is not applicable to this lot.

Planning

The property provides a substantial opportunity. For further information see Bath and North East Somerset Council (www.bathnes.gov.uk). Email :- development_management@bathnes.gov.uk

Viewings

By prior arrangement only.

Completion Period

6 Week Completion Available

Tenancy & Accommodation

10, 11 & 12 Laura Place (LP)
Floor
UseFloor Areas (Approx)TenantTermRentRent Review / (Reversion)
Basement (10 & 11 LP interconnected)Residential - 2 bed flat84.35 sq m (908 sq ft)Vacant   
Basement (12 LP only)Residential - 1 bed flat41.80 sq m (450 sq ft)Vacant   
Lower Ground (10 LP only)Office57.31 sq m (617 sq ft)Go Course (formerly known as Course Academy Limited) (1)3 Years from 05/10/2016£10,000Holding Over
Lower Ground AnnexOffice34.28 sq m (369 sq ft)Vacant   
Lower Ground (11 & 12 interconnected)Office78.50 sq m (845 sq ft)Chelverton Asset Management Limited (2)5 years from 10/02/2017£13,500(09/02/2022)
Lower Ground (12 LP only)Office53.13 sq m (572 sq ft)Fortress Properties Services Limited3 years from 01/01/2006£6,353.75Holding Over
Ground Floor (10 LP only)Office88.8 sq m (956 sq ft)Richardson Swift Limited (3)10 years from 12/10/2016 (4)£21,00015/08/2021 (14/08/2026)
Ground (11 LP only)Office87.79 sq m (945 sq ft)Richardson Swift Limited (3)10 Years from 12/10/2016 (4)£17,00015/08/2021 (14/08/2026)
Ground (12 LP only)Office70.20 sq m (756 sq ft)Canned Wine Company (5)3 Years from 30/10/2020 (6)£15,600(29/10/2023)
First Floor (10 LP only)Office1,160 sq m (1,160 sq ft)Richardson Swift Limited (3)10 Years from 08/08/2016 (7)£24,00008/08/2021 (07/08/2026)
First Floor (11 LP only)Office91 sq m (980 sq ft)Vacant   
First (11 & 12 interconnected)Residential - 2 bed flat65 sq m (700 sq ft)IndividualAST from 10/06/2020£15,900(24/08/2021)
Second Floor (10 LP only)Residential - 2 bed flat127.45 sq m (1,372 sq ft)IndividualAST from 25/08/2021£18,000(24/08/2021)
Second Floor (11 LP only)Office89 sq m (950 sq ft)Inosys Limited (8)4 years from 26/07/2019 (9)£19,000(25/07/2021)
Second (11 & 12 LP interconnected)Residential - 2 bed flat97.91 sq m (1,054 sqft)IndividualAST from 30/08/2020£15,600(29/08/2021)
Third Floor (10 LP only)Residential - 2 bed flat110.17 sq m (1,186 sq ft)IndividualAST from 21/07/2020£15,600(20/01/2021)
Third Floor (11 LP only)Residential - 4 bed flat100.84 sq m (1,086 sq ft)IndividualAST from 01/09/2020£6,720(28/02/2021)
Third & Fourth (11 & 12 LP interconnected)Residential - 3 bed masionette92.89 sq m (1,000 sq ft)IndividualAST from 08/10/2020£14,400(07/07/2021)
Fourth Floor (10 LP only)Residential - 2 bed flat90.20 sq m (971 sq ft)IndividualAST£14,100 
Grand Total 10, 11 & 12 Laura Place 1,567.87 sq m (16,877 sq ft)  £226,773.75 

(1) Go Courses (formerly known as Course Academy), with its founders have worked in training for 15 years, run over 800 different courses all live online (www.go.courses)
(2) Founded in 1998, we are a boutique asset management business with a specialist focus on investing outside the top 100 UK equities, and unquoted SMEs with more than £1bn of investments under management ( www.chelvertonam.com)
(3) Richardson Swift is a leading independent firm of Chartered Accountants in central Bath, providing a wide range of professional services to owner managed businesses and private individuals. (www.richardsonswift.co.uk)
(4) Tenants option to determine on 15/08/2022
(5) At Canned Wine Co. we only work with smaller independent wineries to source the very best wines we can. (www.cannedwine.co)
(6) Tenants rolling option to determine upon 3 months notice
(7) Tenants option to determine on 8/08/2021
(8) A high-performance integrated offshore geophysical and geotechnical project management and advisory business (www.inosys.co.uk)
(9) Tenants option to determine 25/07/2021

*Method of sale
To be sold online unless sold or withdrawn prior

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Property Documents

  • Site Plan
    Updated Date
    19.11.20
    File Size
    502 KB
    View JPG
  • Catalogue Page
    Updated Date
    19.11.20
    File Size
    2 MB
    View PDF
  • Conditions of Sale
    Updated Date
    16.03.21
    File Size
    690 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Veale Wasbrough Vizards LLP Narrow Quay House
Narrow Quay
Bristol
BS1 4QA
Jessica Booz 0117 314 5483jbooz@vwv.co.uk

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