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SU30 (Ground), SouthGate, Bath - Picture 2020-03-10-15-09-20
Let

SU30 (Ground) SouthGate, Bath, BA1 1AQ

Owned by
Aviva Investors logo
Use Class

Use Class

E

Size

Size

538 sq ft

Rent pa

Rent pa

£80,000

Market Sector

Market Sector

Shopping Centre

Landlord

Landlord

Aviva Investors

Key Features

  • Prime retail unit

  • Adjacent to Hotel Chocolat

  • Subject to vacant possession

Description

Prime retail unit to let

The property is arranged over the ground floor.

Location

Southgate Shopping Centre is located in the heart of Bath, with an annual footfall of 23.5 million, and provides 420,000 sq ft of prime retail and leisure floor space with 860 car parking spaces. The centre is anchored by a 125,000 sq ft Debenhams department store along with the first Tivoli boutique cinema (4 screens) in the UK. Retailers in SouthGate include Apple, Boots, Urban Outfitters, H&M, JD Sports and Hollister. There are also numerous food and beverage operators including Franca Manca, Graze, Cosy Club and Tapas Revolution.

The unit is located in a 100% prime pitch on SouthGate Place, adjacent to Hotel Chocolat and Swarovski and in close proximity to The North Face and Pret. Pandora are upsizing into a unit on St Lawrence Street

Key Information

Viewing

Strictly by appointment.

Accommodation

538 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor
545
50.6

Additional Contacts

Asset Managers

Aviva Investors logo

Aviva Investors

British Land Company PLC logo

Center Managers

SouthGate

Financial

Lease Type

New Lease

Lease Term

The property is available on a new effectively FRI lease, for a term of years to be agreed, subject to upward only rent reviews every fifth anniversary. The lease will be contracted outside the Landlord and Tenant Act

Rent

Subject to contract, rental offers are invited in the region of £80000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

£3,265 pa

Rates

Rateable Year:
2019
Rateable Value:
£65,000.00
Rates payable:
£32,760.00

This Property is Part of a Shopping Centre

SouthGate

SouthGate Bath is the premier retail, leisure and entertainment destination in Bath. Covering over 420,000 sq ft. It offers designer and high-street fashion and beauty, wellbeing, fitness, food, beverage and leisure. Home to an Everyman Cinema and a rooftop bar alongside year-round enlivenment, drawing in an annual footfall of 20.8m in 2024. Leading brands at SouthGate include; Apple, Levi’s, Tommy Hilfiger, Zara, Oliver Bonas and Lululemon. It also features a thriving F&B offering with restaurants and bars, such as Brewdog, Cosy Club, Franco Manca and Comptoir Libanais. Recent openings have included Rituals, Smiggle and sunglasses hut. Located in the vibrant city centre opposite Bath Spa train station, the shopping centre attracts Bath’s thriving tourist sector (36% of visitors) due to its mix of leading brands and restaurants, and excellent transport links. Shoppers visit on average 22 times a year with an average dwell time of 115 mins and retail trip value of £67. The customer profile is varied with affluent achievers making up 29% of visitors. 26% of consumer spend is from 18–34-year-olds, including students from Bath’s prestigious university. SouthGate is easily accessible with 876 parking spaces (including parent-and-child parking, greener electric charging points and 38 disabled bays) and travel routes via national rail and bus for visitors from across Bath and surrounding areas such as Chippenham and Frome. The centre offers popular enlivenment including Christmas events, a student week, a summer floral installation supporting local charity St John’s Foundation, Lululemon’s inclusive running club and more. Working with local communities and charities through their Young Readers Programme, improving the life chances of over 2,500 children since 2014 and donating over 8,000 books to children in disadvantaged communities. With a zero-waste policy nothing ever goes to landfill. The centre consciously recycles everything they can and incinerates the rest, working with retailers to help them do the same.

Cushman & Wakefield
British Land Company PLC logoAviva Investors logo

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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