Location
Freehold Development opportunity for sale
Description
The Rising Sun is a substantial Grade II listed terrace property of Bath stone construction.
The property was subject to a fire and and is arranged over basement, ground, first, second and third floors. Formerly the property comprises on the ground floor two main bars, kitchen and cellar with associated stores. The upper floors previously were 8 en-suite letting rooms scattered across the upper floors.
To the rear of the building there is a trade garden which is separately accessed off Grove Street.
Please note that the subject property experienced a fire incident in September 2022 and therefore requires significant investment/development to bring into operational standard. The property will be of interest to investors, developers and builders.
Alternative use subject to obtaining the necessary consents.
The property sits on a plot size of approximately 0.078 of an acre.
Tenure
The property is being sold freehold with vacant possession.
Rateable Value
The property has a current rateable value of £14,500.
Planning
The property is within a Conservation Area and is Grade II Listed.
EPC
The property formerly had an EPC rating of G.
Trading
The premises are closed for trading.
Services
We are verbally advised that all mains services are connected to the property.
Fixtures and Fittings
Fixtures and fittings will be included in the sale unless agreed. Any third party items, such as gaming machines, dispense equipment, sound system etc, will also be excluded.
Viewings
The property is currently closed and all viewings must be agreed through the sole selling agents Savills.
VAT
VAT will be applicable on the sale of this property.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.