RetailView All

Bath - Retail - Lease Assignment

7 Northumberland Place, Bath, BA1 5AR

Assignment of Prominent Retail Unit

  • Attractive Pedestrianised Street
  • Thriving Community of Independent Retailers
  • 622 sq ft (57.79 sq m) total sales
  • Close to Roman Baths, Bath Abbey & other Tourist Attractions
  • Nearby occupiers include Dough Pizzeria, Feather and Black, Neals Yard Remedies & Skechers

Property Summary

The premises comprise a mid-terraced Georgian property built over basement, ground and first floor.  The ground and first floors provide open plan sales area with storage space located at basement level, The premises were refurbished in 2015.

Location

The property is situated in the busy pedestrianised street of Northumberland Place. Union Street, which forms the prime retail spine heading north from SouthGate Shopping Centre to Milsom Street, is located a short walk away. Other retailers in the immediate vicinity include Cafe Nero, H Samuel Jewellers, Scribbler, Neal's Yard and Thomson Travel Agents, together with other multiple retailers on Union Street. There is also a community of thriving independents on Northumberland Place itself and a number of jewellery and gift retailers including Gold & Platinum, Nicholas Wylde, Crystals and Philip James.

Planning

The established use is for A1 Retail.

Schedule of Accommodation

Ground Floor    270 sq ft (25.07 sq m)

First Floor        352 sq ft (32.74 sq m)

Basement        294 sq ft (27.34 sq m)

Total                916 sq ft (85.15 sq m)

Tenure

The premises are available by way of an assignment of the existing Lease, expiring on 30 June 2025., at a passing rental of £26,000 per annum. The tenant is responsible for the repairs to the building, together with the cost of insurance. There is a tenant only break clause and rent review dated 29 September 2020.

Business Rates

Rateable Value £27,750

Estimated rates payable (2018/2019) = £13,680.75

This is an estimate only and takes no account of possible transitional adjustment.

Viewing and Further Information

Contact: Tim Brooksbank

Email: tim.brooksbank@carterjonas.co.uk

Tel: 01225 747260

Viewing and further information HPH Commercial Property - Call 01225 480555

Carter Jonas