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
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.
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.
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)
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.
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
Tel: 01225 747260