McColl's Convenience Store

Bath, BA2 4BA

Available

Property Type Investment
Availability For Sale
Size 976 sqft
Energy Performance Rating This property has been graded as D 95

Well located convenience store


LOCATION

The city of Bath is a World Heritage Site and attracts over 3.8 million day visitors each year. Bath is located 97 miles west of London and 12 miles east of Bristol on the A36 and A4 trunk roads and junction 18 of the M4 motorway is within 10 miles. The city has a good train service to both London and Bristol. This building is situated on the north side of Argyle Street, close to the famous Pulteney Bridge over the River Avon. The property occupies a prominent corner position and other occupiers close by include Bang & Olufsen, The Bath Rugby Shop, Phase Eight, Oxfam and Dorothy House Hospice. There are a wide range of speciality retailers and cafés on Pulteney Bridge, which leads to and from the city centre.

KEY POINTS

  • Well located convenience store in an historic and attractive town centre
  • 16.5 year lease with no breaks to the excellent covenant Martin McColl Limited
  • Fixed uplifts at 2% pa payable 5 yearly
  • Passing rent £41,208 per annum
  • Offers in excess of £780,000
  • Net initial yield of 5.01% and a reversionary yield in November 2023 to 5.53%
This attractive period property comprises a four storey building of traditional construction with a retail unit on ground floor, ancillary accommodation in the basement and residential accommodation on the upper floors.  The residential accommodation, which consists of two flats, have been sold off on a long lease.
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Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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