FREEHOLD INVESTMENT AND DEVELOPMENT OPPORTUNITY
The shop is an investment let to a substantial local charity. The flat can be renovated for sale or letting and there is potential for a loft conversion making use of the high ceiling. The garages have development potential and the result of our planning enquiries can be shown to interested applicants.
Construction is of Bath stone under a tile roof. Rebuilt after war damage in 1950 the property has a large shop on the ground floor, a separate two bed flat over and five derelict lock-up garages to the rear.
Location
Situated on the level section of Wellsway known as Bear Flat (the A367 Bath to Shepton Mallet road) this corner property is next to the Co-op supermarket and opposite The Bear hotel and public house. Nearby food outlets include Menu Gordon Jones restaurant, a café and two takeaways. The nearby residential area of late Victorian and Edwardian houses is known as Poet’s Corner.
Accommodation
SHOP
Max Depth: 10.29m; Max Width: 6.50m with wide display window.
FIRST FLOOR FLAT
This high ceilinged flat has double glazed windows, central heating, and is spacious but in need of modernisation and decoration.
Entrance lobby and passage to:
Living room approx. 4.23m x 3.55m with glazed door to full width balcony overlooking Bear Flat and with distant views.
Kitchen approx. 3.20m x 3.07m with larder
Bedroom 1 approx. 4.08m x 2.76m with two windows and large cupboard
Bedroom 2 approx. 3.06m x 2.21m with large cupboard
Bathroom - bath with shower over, wash basin and WC
OUTSIDE
Rear yard and staircase to flat.
Row of five lock up garages fronting Bruton Avenue and separated from the church hall by a footpath
Terms
PRICE
Offers on £XXX are invited for the freehold interest.
BUSINESS RATES
The shop has Rateable Value £XXX
The flat is in Council Tax Band B.
EPC: Energy performance is rated at 63 in Band “C” for the shop and 45 in Band “E” for the flat. Further information available from the agent
LEASE
The shop is let to Mercy in Action, a substantial charity with multiple outlets for 10 years from September 2022. The tenant is responsible for interior repair and decoration. The landlord maintains the structure and exterior of the building and recovers half of those costs via a service charge.
Current Rent: £XXX per annum.
There is a rent review and tenant’s break option at the end of the fifth year.
VAT
The property is not elected for VAT.
Specification
- Shop let and producing £XXX a year
- Vacant two bedroom flat over with wide balcony
- Five lock-up garages ripe for development
- Excellent location 800 yards south west of the City Centre
- A fine residential area with excellent local shops