OFFICE TO RESIDENTIAL CONVERSION OPPORTUNITY
An exciting opportunity to purchase a first-floor office suite within an attractive Grade II listed building in the centre of Bath with planning consent granted for conversion into a generous one-bedroom apartment. The proposed apartment will comprise a spacious open-plan kitchen/living/dining room spanning the full width of the building, a generous double bedroom with en-suite and additional storage and laundry rooms. A superb development opportunity within the heart of Bath.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 24 April 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment.
SUMMARY -
SPACIOUS FIRST FLOOR OFFICE IN AN ATTRACTIVE PERIOD BUILDING SITUATED IN BATH - PLANNING GRANTED FOR RESIDENTIAL CONVERSION
DESCRIPTION -
An exciting opportunity to acquire a first-floor office suite in an imposing Grade II listed building, located in the heart of Bath. Planning permission has been granted for the conversion of the office space into a generous one-bedroom apartment of approximately 788 ft². The proposed layout includes a large open-plan kitchen/living/dining room that spans the full width of the building, that will be bathed with natural light from the three full height sash windows. A generous double bedroom with an en-suite will be situated at the rear of the first floor and additional storage and laundry rooms will complete the proposed accommodation. A superb development opportunity in a highly sought-after location in central Bath.
LOCATION -
The property is situated on Gay Street in the heart of Bath city centre. Gay Street was named after Robert Gay, an MP for Bath in the 18th Century. The street is a notable example of Georgian architecture and connects two of Bath's iconic landmarks Queen Square and The Circus. The location offer fantastic accessibility to local amities, transport links and green spaces.
PROPOSED APARTMENT -
The proposed apartment will have an approximate floor area of 788 ft² and will comprise a spacious open-plan kitchen/living/dining room, a generous double bedroom with en-suite and additional storage and laundry rooms.
We would anticipate a market value following the conversion in the region of £350,000 with a potential rental income in the region of £1,500 per calendar month.
There may also be scope to reconfigure the internal layout to provide a second bedroom, subject to consents.
PLANNING & LISTED BUILDING CONSENT -
Full planning permission was granted on 24th March 2025 for the conversion of the offices (Class E) into a self-contained apartment (Class C3) under Application No. 24/04288/FUL. Listed building consent was also granted on the same date under Application No. 24/04289/LBA.
LOCAL AUTHORITY -
Bath & North East Somerset
EXISTING ACCOMMODATION -
The existing office accommodation comprises two office suites, two WCs and a ground floor store room.
Please refer to floorplan for approximate room measurements and internal layout.
TENURE -
The property is to be sold on the basis of a new 999 year lease. Please refer to the online legal pack for a copy of the draft lease.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating:
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
