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Mixed-use office and retail asset in Bath city centre

Sector: Bridge • Location: Bath, Somerset, United Kingdom

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of a freehold, mixed-use office and retail property in Bath city centre comprising 51,632 sq ft multi-let to five tenants. Located adjacent to South Gate Shopping Centre and close to Bath Spa Train Station and key tourist attractions. Purchased for £11,500,000 with a net initial yield of 8.0% and capital value of £223 per sq ft. Income expected to improve via rent reviews and lease ren

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The project “Mixed-use office and retail asset in Bath city centre” is an infrastructure initiative in the Bridge sector, located in Bath, Somerset, United Kingdom. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of a freehold, mixed-use office and retail property in Bath city centre comprising 51,632 sq ft multi-let to five tenants. Located adjacent to South Gate Shopping Centre and close to Bath Spa Train Station and key tourist attractions. Purchased for £11,500,000 with a net initial yield of 8.0% and capital value of £223 per sq ft. Income expected to improve via rent reviews and lease renewals. Vacant retail unit under offer to local retailer. Strategic reinvestment to enhance earnings and close to full deployment.

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100%

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