Westgate House, 2 Kingsmead Square, Bath

Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Opportunity to acquire an operational student asset totalling 29 student beds • Income profile comprises stabilised direct let student income • Leasehold investment comprising the upper three floors above a commercial unit • Located in the centre of Bath, 0.4 mile walk to Bath Spa train station • Part of a wider portfolio

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

Full Description: Westgate House comprises a former office which was converted into student accommodation. The property was converted and refurbished in 2015.The property comprises a four storey building. The extent of the student accommodation is between the first and third floor, inclusive of the access on the ground floor and refuse and cycle store on the lower ground floor. The accommodation comprises 29 cluster flats (5x5 bed clusters and 1x4 bed cluster). The ground floor retail unit is held under a separate ownership and is let to a restaurant operator.Income profile comprises stabilised direct let student income, producing a gross income for the 2025/2026 academic year of £281,100.Leasehold term of 25 years. At the end of the term, the tenant has the right to renew the lease for another of 25 year term.

Located in the centre of Bath, 0.4 mile walk to Bath Spa train station. Strategically positioned between both universities with frequent public transport services