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17-18 St. James's Parade 3,808 sq ft 100% Let Retail Property Bath BA1 1UL £1,400,000 (£367.65/sq ft) 6.72% Net Initial Yield



INVESTMENT HIGHLIGHTS
- EPC reports for the properties are available upon request.
EXECUTIVE SUMMARY
FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY Mixed-Use Freehold Investment-Grade II Listed: Comprising commercial units and residential flats, offering a balanced income stream with strong tenant demand. Asset Management Opportunities: Potential for refurbishment to enhance rental income, particularly with the redevelopment of nearby areas pending. Current Passing Rent: Commercial Element: £51,500 per annum Residential Element: £48,300 per annum (one vacant flat awaiting works) Total Passing Rent: £99,800 per annum Estimated Rental Value (whole):£128,500 (One retail unit subject to renewal) Guide Price: £1,400,000+ Reflecting a Net Initial Yield of 6.72% after deducting purchase costs of 6.05%. Attractive Yield Potential: Opportunity to increase income through active asset management and benefit from the regeneration of the surrounding area. This property presents an opportunity to acquire a well-located mixed-use investment in one of the UK's most desirable and resilient property markets, opposite a major redevelopment site.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,808 sq ft
Costar Property Class
B
Year Built
1855
Price
£1,400,000
Price per sq ft
£367.65
Yield
6.72%
NOI
£94,080
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Total Plot Size
5,000.00 ac
Frontage
23 ft on St James Para
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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MAP
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17-18 St. James's Parade
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