Residential Development for saleKing Street, Frome
Sold by Us £329,000
- Town centre location
- Mixed use investment
- Ground floor shop unit
- Three flats over
- Rental income of about £25,000
- Sold subjec to existing tenancies
DESCRIPTION 15 Kings Street offers an excellent investment opportunity that is currently let and generating an annual income of about £25,000.
The ground floor comprises a lock up shop unit let to Elli fashion. It has a great road frontage with large display window. The shop comprises a good retail space with changing rooms to the rear. Beyond this is an office/staff room with kitchen area and WC. Doors from here lead to the rear of the property.
The flats are accessed through a separate front door to the side. Flats 1 and 2 come off the first floor landing and Flat 3 is on the second floor. Flat 1 sits to the front of the property and comprises an open plan living space with sitting area and kitchen. There is also a double bedroom and separate bathroom. Flat 2 offers the same accommodation, although it is configured differently. Flat 3 occupies the second floor and offers an open plan living space, two bedrooms and a bathroom.
There is space to park one car on a ramp to the rear of the property
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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