PROPERTIES

4/5 Quiet Street and 2&3 John Street, Bath, Somerset BA1 2JS

Price £3,923,000

PDF DETAILS

4/5 Quiet Street and 2&3 John Street, Bath, Somerset BA1 2JS

  • Price £3,923,000
  • Income£188,500 pa
  • Yield4.50%
  • SectorHigh Street Retail
  • StatusAvailable
PDF DETAILS

Three self contained retail units situated in the heart of affluent, Cathedral City of Bath.

Summary

  • AWULT to expiry of approximately 11.12 years.
  • Total net income of £188,500 per annum.
  • Long leasehold from Bath City Council for a term of 125 years from 23rd December 1993 (101 years remaining) at a fixed rent of £1,000 per annum.
  • Offers in excess of £3,923,000 subject to contract and exclusive of VAT.
  • Net initial yield of 4.5% after allowance for unadjusted purchaser’s costs of 6.8%.