Alexander House James Street West Bath BA1 2BT

Alexander House
James Street West
Bath
BA1 2BT

Freehold Office Investment in Historic City Location

Located within close walking distance of Bath’s historic city centre
Nearby occupiers include Riverside Health Centre, Bath Spa Dentistry and
Sainsbury’s
On-site car parking and garage space
Future residential revelopment potential (subject to consents)
Six Week Completion Period

Lot
14
Auction
23rd February 2012
Rent
£174,292 per Annum Exclusive
Status
Sold
Price
£955,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Rugby Estates

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Freehold Office Investment in Historic City Location

Located within close walking distance of Bath’s historic city centre
Nearby occupiers include Riverside Health Centre, Bath Spa Dentistry and
Sainsbury’s
On-site car parking and garage space
Future residential revelopment potential (subject to consents)
Six Week Completion Period

Lot 14
Auction 23rd February 2012
Rent £174,292 per Annum Exclusive
Status Sold
Price £955,000
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Rugby Estates

Property Information

Location

Miles: 0.6 miles from Bath Spa Railway Station, 12 miles east of Bristol
Roads: A4, A367
Rail: Bath Spa Rail
Air: Bristol Airport

Situation

The property is situated in a prominent corner location on the southern side of James Street West, at its junction with Norfolk Buildings and Stanhope Place within walking distance of Bath city centre and its principal office area. Nearby occupiers include Riverside Health Centre, Bath Spa Dentistry, Sainsbury’s and Green Park Offices which houses Prestige Nursing, Rowan Dartington and
Withy King Solicitors.

Tenure

Freehold.

Location

Miles: 0.6 miles from Bath Spa Railway Station, 12 miles east of Bristol
Roads: A4, A367
Rail: Bath Spa Rail
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a self-contained office building over ground and mezzanine floors. In addition, there is a single storey office annex adjoining to the front. The main building benefits from open plan accommodation, comfort cooling and central heating. The site also benefits from on-site parking for 3 cars and garage space for 2 cars.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Alexander House	Ground Mezzanine	Office Office	401.59 sq m 310.43 sq m	(4,323 sq ft) (3,341 sq ft)	THE REAL ADVENTURE MARKETING COMMUNICATIONS LIMITED(1)	10 years from 01/04/2007 on a full repairing and insuring lease (2)	£159,292.50	01/03/2012 (2)
Annexe	Ground	Office	89.63 sq m	(965 sq ft)	INDIVIDUAL t/a Bath Natural Health Clinic (3)	5 years from 15/05/2007 on a full repairing and insuring lease (4)	£15,000	(14/05/2012) (4)
Totals			801.65 sq m	(8,629 sq ft)			£174,292.50

(1) For the year ending 31st March 2011, The Real Adventure Marketing Communications Limited reported a turnover of £4,309,000,
pre-tax profits of £431,000 and a total net worth of £882,000. (Source: www.riskdisk.com 27/01/2012)
(2) The lease contains a tenant’s option to determine on 01/04/2012. The tenant’s have exercised their option.
(3) Bath Natural Health Clinic was established in 1986 and offers one of the widest ranges of complementary and alternative therapies in the area. (Source: www.bathnhc.com 27/01/2012)
(4) The tenant has indicated to the seller that they wish to extend their lease
(5) A schedule of dilapidations has been prepared by the seller, a copy of which is available for inspection from the auctioneers.