7-9 North Parade Buildings, Bath, Bath And North East Somerset, BA1 1NS
The street was designed in 1753 by the renowned architect Thomas Jelly, and forms part of a magnificent Grade II listed terrace of properties in the centre of Bath. The sale includes x3 town houses, with no 7 being a double fronted townhouse and 8 and 9 both having direct access at ground floor level. The properties are built in the neo-classical style typical of the era and constructed of Ashlar Bath stone.
The buildings are set over five floors, and despite significant opening up works undertaken by the Council during their years of occupation before sale to the current owners, the building retains a wealth of period features. Unusually, each floor has been opened across all 3 buildings to provide beneficial flow through the buildings.
The lower ground floor offers 3 flats. The residential accommodation has been recently improved by the tenant, and presents very well. The tenancy is a 3 year lease with c. 2.5 years to run, at a rent of £45,600pa with annual fixed 5% uplifts.
The ground floors offer, reception room, meeting rooms and cellular office accommodation of various sizes. The 3 upper floors offer further office accommodation and also WC and kitchen facilities.
The commercial element of the building has been operated as a serviced office for many years and the building is offered with the benefit of the short term tenancies to the existing tenants. Details are available on request.
Bath is well renowned for its attractive architecture, high quality higher educational providers and unique retailing offer, which combine to provide a compelling city destination for both residents and visitors alike.
Bath has a primary catchment area of 370,000 people with an estimated population of over 100,000 (worldpopulationreview.com). The City is an UNESCO World Heritage Site and has one of the highest densities of Listed Buildings in the UK, with 663 Grade I listed.
Bath has one of the most affluent catchments in the UK with an above average representation of the most affluent AB social group, with 22% of households earning over £70,000 per annum compared to the 13.5% UK average.
The population is supported by a vast student population of around 22,000 people attending the city's two universities - University of Bath and Bath Spa University. Bath is one of the most visited destinations in the UK with 6.25 million visitors per annum. Tourism contributes £470m to the local economy each year.
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The property benefits from the following Net Internal Floor Areas:-
Size:6983 - 6983 Sq Ft
North Parade Buildings is situated in central Bath just off the picturesque Abbey Green and Parade Gardens and behind the Bath Abbey. For such a central location, the street is a quiet, pedestrian gem hidden away from the crowds. The property is a mere 6 minute walk from the Bath Spa Railway Station providing good access to public transport.
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