£350,000
End terrace house for saleUpper Lambridge Street, Bath BA1
3 baths
- Chain free
- Freehold
Chase Buchanan - Bear Flat
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About this property
Freehold Commercial Premises
Currently Let On Long Leases
In The Heart Of Larkhall Square
Flower Shop & Basement Store
Artist Shop/Workshop & Studio
Circa 8% Yield
No Onward Chain
Larkhall village located on the eastern fringe of the World Heritage city of Bath with a regular bus service to and from the city centre. This ground floor freehold comprises of a flower shop & a separate artist shop/studio both with of tenants on long leases generating income of approximately 8% yield. Please note the businesses are unaffected by this sale.
The Property
Comprising of two very distinct commercial units, the first being a flower shop with back area and kitchen plus two basement store rooms, amounting to Approximately 468 Sq Ft. The second is the much larger artist studio comprising of shop, workshop, storage and studio of approximately 1,800 Sq Ft. Both Premises are occupied on long leases generating a yield of Cira 8%.
There was a planning consent 14/03055/ful which lapsed in 2017 to convert the Artist studio to residential apartments.
The Situation
Larkhall has a bustling Square with a range of independent shops and cafes including the Larkhall Butchers, Goodies Deli and Co-Op supermarket. There is an annual Larkhall Festival over the May Bank Holiday. The location is popular for young families with fantastic schools, the excellent Alice Park plus a selection of nurseries.
With a great community to be part of and a fantastic base from where you can explore the surrounding countryside including the famous Solsbury Hill. The Kennet and Avon Canal is accessible by footbridge from Kensington Meadows.
Agents Note
Please note the first floor apartment does not form part of this sell. Business rates may apply.
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