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Property Description
This is a fantastic opportunity to base your business in a versatile and attractive ground floor commercial property in affluent central Bath.
The property is on Margaret’s Buildings, a pedestrianised street with heavy tourist and affluent local footfall. Nestled between the Royal Crescent and the King’s Circus, Margaret’s Buildings is on the Bath tourist trail and represents a significant opportunity for the right business. Local residents are affluent, and for the right business would form an ideal clientèle.
Margaret’s Buildings has a wide array of boutique businesses including the Greenbird Café, Rustico Bistro Italiano, Red Rag Gallery, Gallery Nine, Jonathan Potter, a jewellers, Figo hair dressing salon, beauty salon, a bookstore… and like other businesses, you may be able to have outdoor seating.
The property is used as a high spec gallery/shop, and could be used for sales, professional, office, café or a host of other possibilities. A kitchen, office and W/C at the rear gives flexibility. It may be possible to arrange lock-up parking or storage next to the property for early birds.
Current use class: A1 (shops). Change of use to A2 (financial and professional services), A3 (restaurants and cafés) or D2 (assembly and leisure) could be contemplated and would not require planning permission.
Ground floor retail area: 40.34 Sq Mt, 434 Sq Ft
Ground floor kitchen, office and toilet: 6.90 Sq Mt, 75 Sq Ft
Total ground floor: 47.24 Sq Mt, 508 Sq Ft
(All figure are approximate.)
The property is in good condition and due to be decorated by the outgoing tenant. It may be possible that the outgoing tenant decorates inside and outside to your preference.
14a Margaret’s Buildings will be available to let on a new full repairing and insuring lease from 25 January 2019 at a rent of £16,000 + VAT per annum. Supplemental parking/storage potentially by separate agreement.
As at 14 September 2018, the rateable value of the property is £14,250. Small Business Non Domestic Rating Multiplier for 2018/19 is 0.480%. Rates payable 2018/19: £6,840. (Any interested parties should make their own enquiries to Bath & North East Somerset Council (01225 477000) to verify these figures.)
EPC is available upon request.
Each party is to be responsible for their own legal and professional fees incurred in any transaction.
Subject to contract.
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IMPORTANT INFORMATION: This is not an offer or contract and no representation or warranty is made. All arrangements are subject to contract between the parties, and any interested parties should verify all information that they wish to rely on in relation to the property, its condition, its value or any other information contained in this document. The plans are not to scale and areas are approximate. There has been no survey, or testing of services, appliances or fittings at the property. Images were taken at a point in time and have not been updated, and are not comprehensive.
Please note, by submitting an enquiry regarding this property you agree that we may send your details to the landlord of this property so they may contact you in order to answer any questions, or arrange a convenient viewing time. STRICTLY NO AGENT OR SUB-LETTING CALLS.