Property for sale in Bath, Grosvenor Place, BA1 : Bath : BTH240113

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6 bedroom , Grosvenor Place, Bath BA1 - Available

Grosvenor Place, Bath BA1

6 Bedroom | Leasehold | 6 Baths

Guide price £895,000

Bath Spa 1.3 miles

Oldfield Park 1.9 miles

Hilton Hotel 1 miles

An investment opportunity to purchase 6 apartments within a Grade I Listed Georgian townhouse in Bath returning circa £60,000 per annum in rent representing over 6% return on investment.

Six apartments, 3 x studio apartments, 3 x 1 bedroom apartments spanning garden level up to top floor

Description
Six apartments within a large Grade I listed townhouse in Grosvenor Place, near Larkhall in the eastern portion of Bath city. The properties are to be sold in one lot all with tenants in situ returning £60k a year in rental income. There are three good sized studio apartments and three excellent sized one-bedroom apartments.

Situation
The UNESCO World Heritage City of Bath is just under a mile away and offers a wonderful array of chain and independent retail outlets, many fine restaurants cafes and wine bars and a number of well-respected cultural activities which include a world famous music and literary festival, the attractions at The Roman Baths and Pump Rooms along with many lovely museums and art galleries.
World class sporting facilities are available at Bath Rugby and Cricket Clubs and Bath University and there is a good local tennis and bowls club nearby. There are also lovely 5 star hotel and spa facilities at the Royal Crescent and Priory Hotels.
Communications include a direct line to London Paddington, Bristol and South Wales from Bath Spa Railway Station, The M4 Motorway, junction 18 is 6 miles to the north and Bristol Airport is 18 miles to the west.

Additional Information
There is a management company - 35 Grosvenor Place (Bath) Management
Leases will be granted to the buyer if that is the structure they require (and vendor will bear the legal costs) but if the buyer is going to continue to rent the apartments out they will not need to do this. If granted those leases would be on the same terms as those four leases already granted to the other apartments which are privately owned.
Services: All mains services connected.
Tenure: Freehold available.
Council Tax: Band A
EPC: Band D
Viewing: Strictly by appointment with Carter Jonas.

The next steps...

Establish funds

How will you fund the purchase?

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Their wholesale interest rates can be lower than retail (bank branch) interest rates
They offer more loan options because they work with numerous banks and lenders
They can finance tricky deals because of their knowledge and various lending partners
They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
You may already know the banker who will handle your mortgage
Banks may be more accountable than a smaller shop
They may offer lower interest rates in some cases
Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

Making an offer

with Carter Jonas.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

Need to sell a property

or thinking of letting?

If you have a property to sell, why not see how we can help you.

Or if you’re considering letting your property, we can take the stress out of managing your rental, and our award winning lettings team offer a service that can be tailored to your needs.

Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.