A rare opportunity to buy a large office building with plenty of parking on Bath's outskirts has come about due to relocation by two major firms in the city.
Lawrence House, a prominent 1970s building on Lower Bristol Road, has come on the market following accountants Bishop Fleming’s move next door to Minerva House and the impending relocation of its other tenant, NHS outsourcing firm Capita Symonds.
The 17,000 sq ft building, which was previously occupied by Walter Lawrence Construction and Sparrows Cranes, was built at a time when the city’s businesses were relocating into new offices along Lower Bristol Road. Planning regulations at the time allowed them to have a high ratio of parking spaces to staff – in Lawrence House’s case there is room for 57 cars.
Its semi-rural location, riverside views and impressive frontage made it a sought-after head office. Target, the once fast-growing Bath accountancy and financial advice firm, was based in the building until its demise last year. Part of Target was then snapped up out of administration by South West accountants Bishop Fleming, giving them a foothold in Bath.
Bishop Fleming recently moved into more suitable premises next door while Capita Symonds will have moved out by December – giving the new owner vacant possession.
The office space extends over four floors – a basement, ground floor and floors one and two.
John Mulholland, director in the Bath office team of property agents Jones Lang LaSalle, which is marketing the building, said: “This is a rare opportunity to purchase a significant office space in Bath with the added advantage of extensive car parking for 57 cars which would not be achieved under current planning policies.
“Opportunities to acquire on a freehold basis are scarce and this is a building which would appeal to those seeking flexibility, profile and ease of access for staff and clients alike.”