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Property for sale

Bath Street, Frome

£375,000

Property Description

Full description

*Two substantial commercial properties providing an investment opportunity within a prime central location*Currently let to four separate tenants and offering future scope to reconfigure part of the upper accommodation to provide addition income*

LOWER GROUND FLOOR AREA LET TO THE PRINT STUDIO,GROUND AND PART FIRST FLOOR TO 3 BATH STREET LET TO CHRISTINA OSWIN,UPPER AREAS OF 3 BATH STREET LET TO ASSUNTA (SEAMSTRESS),GROUND FLOOR AND UPPER FLOORS OF 4 BATH STREET LET DE HEPE ANTIQUES.

Situation:
This investment opportunity is situated within one of two routes from the centre of the town which has seen significant regeneration over the last 15 years.  Frome is a thriving market town renowned for its independent shops, boutiques and places to eat and the monthly Artisan market.  It is increasingly becoming a destination with tourists and lies only approximately 13 miles from the Georgian city of Bath.  
Description:
Numbers 3 and 4 Bath Street represent an unusual opportunity to acquire two substantial period buildings which are divided in to mainly four components with No.3 Bath Street Le to three tenants and No.4 Bath Street exclusively to one tenant.  The buildings have been subject to significant grant aided structural work over the last 20 years and offer further scope for updating and reconfigeration especially the upper floors of 4 Bath Street to create additional commercial or (subject to the usual planning consent) residential space and therefore ultimately increasing the rental yield.  



Current breakdown of rents:
 
Print Studio :
(accessed off of Eagle Lane) producing £1,500 per annum.

Christiana Oswin Jewelers:
(which is on a 2 year lease from April 2016) producing £5,000 per annum .

Assunta Seamstress: 
Producing £1,000 per annum.

4 Bath Street, Frome:
Which is Let on a 3 year lease from the 1st March 2016 producing £7,800 per annum.

Further information and copies of the lease are available through the selling agents.

Note:
The property is sold freehold and subject to the existing leases.

Directions:
From our office in the market place proceed up Bath Street where the properties will be found on the left hand side marked by a for sale sign.




Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Listing History

Added on Rightmove:
11 May 2016

Nearest stations

  • Frome (0.5 mi)
  • Dilton Marsh (5.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

McAllisters, Frome

13 Market Place, Frome, BA11 1AB

01373 597004 Local call rate

How much will it cost me to call the number displayed on the site?

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Floorplans


To view this property or request more details, contact:

McAllisters, Frome

13 Market Place, Frome, BA11 1AB

01373 597004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Frome (0.5 mi)
  • Dilton Marsh (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

McAllisters, Frome

13 Market Place, Frome, BA11 1AB

01373 597004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference ALF2688. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by McAllisters, Frome. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.