Pretty grade II listed property in a popular location in Frome offering a unique investment opportunity. Split into 8 apartments, most with longstanding tenancies, this beautiful building is currently returning in the region of £49,000 per annum.
A pretty Grade II listed property in a popular location in Frome offering a unique investment opportunity. Split into eight apartments, most with longstanding assured shorthold tenancies, this property is currently returning in the region of £49,000 per annum.
The property sits in a central position to the centre of Frome, only a short walk away from all the shops, amenities and monthly markets.
There are seven, one bed apartments which range between 395 sq ft to the largest at 564 sq ft. Flat 6 on the second floor has two bedrooms. All are in good condition and have reliable longstanding tenants. There is parking to the rear for up to five cars. Two of the apartments are accessed from the rear of the building close to the parking area or can be accessed from the main property by use of the rear exit.
Offering an excellent return on investment, the yield return would stand at 7% for a cash purchase at £700,000.
Frome is a town with a charming historic centre and has a wealth of architectural interest alongside a thriving contemporary and performing arts scene. Frome is also the original Somerset Market Town, a hugely important destination hosting a thriving market since the time the ink was still wet on The Domesday Book. This tradition continues today with regular markets every Wednesday, Thursday and Saturday.
Frome is full of specialist shops, arts and crafts, antiques and collectibles sitting alongside vintage and unique clothing shops, craft businesses and galleries, the majority of which are independent. It is also home to a number of arts and crafts venues and galleries in historic buildings, including The Black Swan, Rook Lane Arts, and the Silk Mill.
From the centre of Frome (Market Place) proceed south uphill and at the roundabout take the left turning on to the A362. Then take the first left and the property will be found on your left hand side after approximately 40 metres.