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27 Broad St

796 SF Retail Building Bath BA1 5LW $304,250 ($382/SF)

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Investment Highlights

Long Leasehold-150 years from 6.04.1988
Recently Let-16.04.2020

Grade II Listed

Executive Summary

LONG LEASEHOLD IN CENTRAL BATH FOR SALE
Potential reversionary yield of 8.77%.
The long leasehold interest (150 years from 6th April 1988) is available to purchase at £250,000. Subject to contract.
The property is let to two private individuals trading as Backstage Hair & Beauty for a term of 10 years from 16th April 2020 at a current passing rent of £19,000 per annum. The lease is full repairing and insuring and benefits from 5th anniversary upwards only rent reviews with the next due 16th April 2025. The lease is within the 1954 act and the tenant benefits from a break option dated 16th April 2023.

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