Retail Property - High Street For Sale
DESCRIPTION
A Grade II Listed, mid-terrace and mixed-use property situated within the Market Place in the centre of Frome.
The building is 3-storeys, plus a basement and attic space. Currently producing an income of £18,500 per annum, with potential to let or convert the upper parts. Consent to convert upper parts into residential granted, subject to conditions, in 2020 – further details available overleaf and online.
ACCOMMODATION
A Grade II Listed, mid-terrace and mixed-use property situated within the Market Place in the centre of Frome.
The building is 3-storeys, plus a basement and attic space. Currently producing an income of £18,500 per annum, with potential to let or convert the upper parts. Consent to convert upper parts into residential granted, subject to conditions, in 2020 – further details available overleaf and online.
Accommodation SQ M SQ FT
Ground Floor Sales 48.55 523
Basement Ancillary 51.83 558
Retail Net Internal Area 100.38 1,080
First Floor 37.97 409
Second Floor 34.20 368
Third Floor 20.80 224
Office Net Internal Area 92.97 1,001
Limited Use Area 18.72 202
IPMS 3 Area 111.69 1,202
SERVICES
Mains water, electricity and drainage is connected. Electric heating and hot water emersion throughout. Services and appliances not tested.
OUTGOINGS
Currently one single hereditament with a Rateable Value of £13,750. Will need to be re-assessed in due course.
VAT
No VAT
PLANNING
Grade II Listed (List Entry Number: 1057777) and within the Frome Conservation Area. We understand the retail unit has consent for A1 retail uses. The property benefits from planning permission for conversion of the upper parts into one x 1-bedroom and one x 2-bedroom flat. Ref: 2020/1870/FUL & 2020/1957-LBC. Interested parties should check planning documents at www.mendip.gov.uk
Tenure: Please confirm with Cooper and Tanner Commercial whether this property is freehold or leasehold
No EPC available for this property
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