Bath & North East Somerset Council wish to see the Council owned Cornmarket brought back into benefiial use. It is therefore offered for sale subject to a Building Agreement to ensure satisfactory implementation of the successful purchaser’s scheme.
Location - Location Plan
Bath is well known for its historic Georgian Architecture and Roman Baths, being the largest settlement within North East Somerset. The city has good transport connectivity being located on the main train line to London Paddington with the fastest service taking 1h 23m and the fastest service to Bristol taking 11 minutes.
The Cornmarket stands at the entrance of Walcot Street next to Bath’s former Cattlemarket, within close proximity to Waitrose and associated car park and The Abbey approximately 0.3 miles away. The east elevation of the building overlooks the River Avon. Adjoining, to the north, is the successful Tramshed development.
The existing Cornmarket comprises a two storey Grade II listed nineteenth century building. Approached through the ground floor of 62 Walcot Street, the Cornmarket’s top floor is largely full length open plan beneath a high pitched roof with some architectural detailing. It is currently subdivided and partitioned. The floor below, at ground level to the adjoining Cattlemarket car park, comprises principally a semi-open arcade behind an arched façade with some ancillary cellular accommodation. The arched facade opens to the south onto an external area included in the site curtilage. 62 Walcot Street is a prominent four storey building.
The Cornmarket ground floor accommodation equates to approximately 2,777 sqft. / 258 sqm. The fist flor comprises an additional 3,110 sqft./ 289 sqm. Total approximately 5,887 sqft. / 547 sqm. Gross Internal Area.
The Cornmarket is a Grade II listed building and is within both the Bath Conservation Area and Bath’s UNESCO World Heritage Site. In addition to the main listing there is a separate Grade II listing for the adjoining 62 Walcot Street.
There are a number of historic planning applications relating to the property, a synopsis of these can be found in the Information Pack. The most recent application was submitted in April 2009 requesting a change of use from mixed use to Use Classes A3, B1 and D1 for both ground and fist flors (ref: 09/01138/FUL). This was granted, not implemented and has now lapsed.
The property is situated in an area covered by The Bath and North East Somerset Core Strategy (2014) and Placemaking Plan (2017) forming part of the Development Plan. Whilst prospective purchasers should make their own enquiries, key planning considerations are likely to be:
- Policy B2 regarding Bath Central Area
- Policy B4 regarding The World
- Heritage Site and its setting
- Policy SB1 regarding the development requirements and design principles for Walcot Street /Cattlemarket Site
The site offered for sale falls within Title ST237430. The disposal will be on the basis of a 150 year lease of the Cornmarket and 62 Walcot Street – the 4 storey building between the Cornmarket and Walcot Street. The underlying freehold will be retained by the Council. The upper parts and ancillary accommodation in 62 Walcot Street have been sold previously on a lease expiring in 2112.
The site benefis from proximity to mains water, electricity, gas and drainage. Details of the location of these supplies nearby are included within the Information Pack.
Method of Sale & Conditions
The Council, as seller, does not have a prescriptive view as to a preferred use but does wish to ensure that, on sale, the building is brought back into benefiial use. The Council recognises that signifiant purchaser input will be required to work up an implementable refurbishment scheme and at this stage expressions of interest supported by outline information only are sought. This should include, as a minimum, the information contained in the Expression of Interest Pro-forma contained within the Information Pack. Based on expressions of interest received it is likely that a small number of parties will be invited to expand on their proposal prior to a preferred purchaser being identifid. The preferred purchaser will be granted an exclusivity period in which to enter into a conditional exchange.
Each party will be responsible for their own legal costs.
VAT will be payable. The property was elected for VAT on 24th April 1996