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17-18 St. James's Parade 3,808 SF 100% Leased Retail Building Bath BA1 1UL $1,865,348 ($489.85/SF) 6.72% Cap Rate



INVESTMENT HIGHLIGHTS
- EPC reports for the properties are available upon request.
EXECUTIVE SUMMARY
FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY Mixed-Use Freehold Investment-Grade II Listed: Comprising commercial units and residential flats, offering a balanced income stream with strong tenant demand. Asset Management Opportunities: Potential for refurbishment to enhance rental income, particularly with the redevelopment of nearby areas pending. Current Passing Rent: Commercial Element: £51,500 per annum Residential Element: £48,300 per annum (one vacant flat awaiting works) Total Passing Rent: £99,800 per annum Estimated Rental Value (whole):£128,500 (One retail unit subject to renewal) Guide Price: £1,400,000+ Reflecting a Net Initial Yield of 6.72% after deducting purchase costs of 6.05%. Attractive Yield Potential: Opportunity to increase income through active asset management and benefit from the regeneration of the surrounding area. This property presents an opportunity to acquire a well-located mixed-use investment in one of the UK's most desirable and resilient property markets, opposite a major redevelopment site.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,808 SF
Building Class
B
Year Built
1855
Price
$1,865,348
Price Per SF
$489.85
Cap Rate
6.72%
NOI
$125,351
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Lot Size
5,000.00 AC
Frontage
23’ on St James Para
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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17-18 St. James's Parade
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