* Freehold
Description
The property is Grade II Listed with Georgian Bath stone elevations beneath a
slate mansard roof. The property is mixed use with commercial space on the
ground floor and basement with residential use on the first, and second
floors. The upper floors consist of a one - bedroom maisonette and have
previously been subject to an AST, but are now vacant.
Tenure & tenancy
Freehold investment sale.
11 Princes Street is currently part occupied.
The ground floor and basement are let to B Squared Coffee Limited (trading as
No. 11 Espresso Bar) for a term of 5 years from 11th December 2020 at a passing
rent of £8, 000 per annum. The lease is excluded from the Landlord and Tenant
1954 Act provisions.
The first and second floor have previously been subject to a AST but are now
vacant.
The EPC will be made available on application
The council tax band is: C
We are instructed to seek offers in excess of:
£350, 000
Subject to contract and exclusive of VAT.
Offers should clearly state the following:
I) The identity of the party making the offer.
Ii) Confirmation and proof of funding demonstrating an ability to exchange and
complete the purchase within a declared timescale.
Iii) Proposed timescale for exchange and completion.
Iv) Any conditions attached to the bid.
V) Offers are preferred to be on an unconditional basis.
Vi) Confirmation of solicitor’s details.
The vendor is not bound to accept the highest or indeed any offer.
Total
354 Ft2
The property is Grade II Listed.
Floor plans will be made available to interested parties on application.
Attractive Listed Georgian property arranged over basement, ground, first and
second floors
Commercial space comprises 192 ft2 of sales space on the ground floor with 162
ft2 of ancillary space at basement level
Ground floor and basement are let at £8, 000 pa
Commercial unit let for a term of 5 years from December 2020
Attractive location with close proximity to Kingsmead Square and Queen Square
Upper floors consist of a 1 - bedroom apartment
Apartment expected to achieve £1, 250 per calendar month (£15, 000 per annum)
Potential income for the building: £23, 000 per annum reflecting a niy of 6. 33%
Close proximity to the Theatre Royal
Bath has significant untapped occupational demand across all sectors of the
market
Possible conversion to residential on the ground floor and basement (STP)
**Proposal**
We are instructed to seek offers in excess of £350, 000 (Three Hundred & Fifty
Thousand Pounds) subject to contract and exclusive of VAT.
**Location**
Bath is a city of international report, located approximately 100 miles west
of London and 13 miles east of Bristol. Bath is served by excellent transport
links, including frequent train services to Bristol Temple Meads and London
Paddington.
Although within the City centre the location is deemed secondary for retail
with limited passing footfall, Sawclose and Kingsmead Square are a short
distance away and both locations are high footfall generators. Nearby
Retailers include Vino Vino, Giggling Squid, Las Iguanas, Tesco Express,
Sainsburys Local, Pizza Express, Zizzi and Five Guys.
Princes Street has a mix of uses including residential, office and retail.
Queen Square is just to the North of the property with shopping and other
facilities all within a few minutes’ walk. Public transport, including bus and
rail stations are around 10 minutes’ walk away.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: