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image  King Street, Frome, Somerset, BA11


image ££485,000

Property Description

LOCATION
Situated at King Street, in the centre of Frome.

DESCRIPTION
A mixed-use investment opportunity in the centre of Frome comprising an excellent ground floor retail unit with three flats over.

Retail unit is in excellent order, currently occupied by Elli Fashion but will shortly be vacant and either available to an owner occupy or opportunity to re-let. It benefits large window frontage, good sized retail area together with changing rooms, office/storeroom, and WCs. Parking to the immediate rear for up to two cars.

The uppers are accessed via a separate door from King Street leading to two one-bedroom flats on the first floor and a two-bedroom flat on the second floor. Fully let.

ACCOMMODATION
Ground Floor: Retail Area, Changing Rooms, Office/Storeroom, WCs.

Upper Floors: 2 x 1 bedroom and 1 x 2 bedroom Flats

SERVICES
Mains water, electric, drainage. Electric heaters.

OUTGOINGS
Business Rates - £6,000 rateable value (100% relief may apply)
• Council Tax Bands – All flats Band A

VAT
We understand that the property is not elected for VAT.

PARKING NOTES
Parking to immerdiate rear up to two cars. Public parking close by.

OTHER
Business Rates - £6,000 rateable value (100% relief may apply)
• Council Tax Bands – All flats Band A
• Tenure - Freehold, subject to current occupation. Retail unit shortly due vacant. Flats are occupied under expired Assured Shorthold Tenancies now running periodic.
• EPC Rating – Shop G, Flat 1 TBC, Flat 2 E, Flat 3 E.
Full copies available from selling agent.
• Asbestos Survey - TBC
• VAT - We understand that the property is not elected for VAT.
• Other Matters – We understand that there is a right of access over the rear area in favour of the neighbouring property, for emergency purposes only.

Freehold, subject to existing leases

VIEWING
By appointment trhou Cooper and Tanner 01458 831077 - Press Option2


Additional documents

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