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27 Broad St 796 sq ft Retail Property Bath BA1 5LW £250,000 (£314.07/sq ft)
INVESTMENT HIGHLIGHTS
- Long Leasehold-150 years from 6.04.1988
- Recently Let-16.04.2020
- Grade II Listed
- Rent review due 16th April 2025
EXECUTIVE SUMMARY
LONG LEASEHOLD IN CENTRAL BATH FOR SALE
Potential reversionary yield of 8.77%.
The long leasehold interest (150 years from 6th April 1988) is available to purchase at £250,000. Subject to contract.
The property is let to two private individuals trading as Backstage Hair & Beauty for a term of 10 years from 16th April 2020 at a current passing rent of £19,000 per annum. The lease is full repairing and insuring and benefits from 5th anniversary upwards only rent reviews with the next due 16th April 2025. The lease is within the 1954 act and the tenant benefits from a break option dated 16th April 2023.
Potential reversionary yield of 8.77%.
The long leasehold interest (150 years from 6th April 1988) is available to purchase at £250,000. Subject to contract.
The property is let to two private individuals trading as Backstage Hair & Beauty for a term of 10 years from 16th April 2020 at a current passing rent of £19,000 per annum. The lease is full repairing and insuring and benefits from 5th anniversary upwards only rent reviews with the next due 16th April 2025. The lease is within the 1954 act and the tenant benefits from a break option dated 16th April 2023.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
796 sq ft
Costar Property Class
B
Year Built
1820
Price
£250,000
Price per sq ft
£314.07
Tenancy
Single
Number of Floors
3
Frontage
12 ft on Broad St
AMENITIES
- Security System
- EPC - D
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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27 Broad St
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