5-10 Westgate Buildings, Bath

Alternatives

5-10 Westgate Buildings, Bath

5-10 Westgate Buildings is an attractive mixed use building in the centre of Bath located in the immediate vicinity of CPF's two other holdings at 1-3 Westgate Buildings and at Westpoint on Avon Street which is opposite Westgate Buildings. The property was originally built in the 1930s and until 2000 it was occupied as a department store. The building was substantially refurbished in 2000 behind an attractive Bath Stone façade. The accommodation is set out over basement, ground and two upper floors. At purchase the upper floors served as offices occupied by a local publishing company. The lease to the publisher was surrendered and the upper floors have been converted to a hotel.

The building is double fronted with elevations onto Westgate Buildings and Avon Street.

Date Purchased:	May 2012
Tenure:	Freehold
Tenants:	Sportsdirect.com Retail Ltd Travelodge Hotels Ltd Sally Salon Services Ltd Creams Café
Total Current Rent:	£767,424 per annum
Lease Expiries:	2027-2042 (2028)

VIEW ON MAP

Back to Alternatives

Disclaimer

This website ("Site") is made available by Savills Investment Management (UK) Limited, a private limited company authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under firm reference number 193863, registration number 3680998 (England), and having its registered office at 33 Margaret Street, London W1G 0JD (the "Manager").

The Charities Property Fund (the "Fund") is a Common Investment Fund which is an open-ended investment vehicle, similar to unit trusts, but designed specifically for charities and established under Section 24 of the Charities Act 1993 (now Section 96 of the Charities Act 2011). This Fund is categorised as a non-mainstream pooled investment and cannot be marketed to the general public. Units in this Fund are available only to such charities that may be lawfully promoted to under COBS 4.12B.7R(5) (Exemption 2) of the FCA Handbook (Enterprise and charitable funds) and this Site must not be used by any other person.

By accepting this notice, you represent, warrant and agree that you are an Eligible UK Charity.

Nothing on this Site shall be regarded or taken as financial advice or any other type of advice and should not be relied on as such. Access to this Site is provided only for the purpose of general information. If you are in any doubt you should refer to your authorised financial adviser.

The information contained on this Site does not constitute an offer or solicitation to anyone in any jurisdiction where such an offer is not lawful or to anyone to whom it is unlawful to make such an offer or solicitation.

The basis of taxation and any applicable relief, and the rates of taxation, may change in the future, and independent advice should be sought.

Past performance is not a reliable indicator of future performance.

The value of investments, and the income derived from them may go down as well as up and investors may receive less than the original amount invested.

When reviewing the information contained in this Site, potential investors should consider the following general duties and responsibilities of trustees as set out by the Charity Commission:

Charity Trustees must from time to time review the investments of the charity and consider whether, having regard to the investment criteria (set out in paragraph 2 below) imposed by charity law, the investments are appropriate or should be varied.
The investment criteria are: the suitability to the charity of investments of the same kind as any particular investment proposed to be made or retained of that particular investment as an investment of that kind; and the need for diversification of investments of the charity; in so far as is appropriate to the circumstances of the charity.
Before exercising the power of investment of the charity, the charity trustees must obtain and consider proper advice about the way in which, having regard to the investment criteria, the power should be exercised.
'Proper advice' is the advice of a person who is reasonably believed by the charity trustees to be qualified to give it by his ability in, and practical experience of, financial and other matters relating to the proposed investment.

This Site uses cookies as described in the Manager's privacy policy and cookies policy. By accepting this notice, you agree to the Manager's use of cookies.

Privacy Policy

The pages on the website (‘the website’) are published by Investis Limited (“Investis”) on behalf of Charities Property Fund (“Charities Property Fund”, “us” or “we”).

Investis will not collect any information about individuals, except where it is specifically and knowingly provided by them.

When you visit Charities Property Fund’s website, Investis’ web server collects some basic information such as your internet service provider's domain name, which pages you accessed on the site, and when.

We and Investis use this information only to analyse the use of our website to help guide improvements. We do not collect any personally identifiable information.

If you register for the alert service, you will need to provide your name and email address. This information will be held by Investis and may be accessed by Investis Corporate Communications PVT. Ltd (a subsidiary of Investis) from its premises in India for administration of the alert service. The information will not be used for any other purpose; it will be stored securely and will not be shared with third parties. By registering for the alerts, you consent to this use of your name and email address.

Cookies

When you visit Charities Property Fund’s website, Investis uses cookies, which are small pieces of information that allow them to maintain your connection to the website. This website may use cookies for detecting what kind of device you have in order to present content in the best way, for a language switch and/or for other purposes. These cookies do not collect or store any personally identifiable information. You can refuse the use of cookies.

Google Analytics

This website uses Google Analytics, a web analytics service provided by Google, Inc. (‘Google’). Google Analytics uses cookies (text files placed on your computer) to help the website operators analyse how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

How to refuse the use of cookies

You may refuse the use of cookies by selecting the appropriate settings in your browser. However, if you do this you may lose some useful functionality such as personalisation and ‘keep me signed in’ and ‘remember me’ features.

How to disable cookies in your browser

DECLINE ACCEPT

Please accept the disclaimer to view the website. You can visit our Homepage

Property Portfolio