Spar, Papa John’s & Vacant unit, Frome

Property Description

• Three retail units (virtual freehold) in Frome, Somerset
• The development features open space and links to rive0rside walks along the River Frome in addition to children’s play areas.
• Part of a development of 159 x 2, 3 and 4 bedroom homes located on the former Butler, Tanner & Dennis site, one of Britain’s foremost colour printers.
• Car parking to the front services the retail units.

Location Description

• Frome is an attractive and popular town located in north east Somerset approximately 14 miles south of the City of Bath and 25 miles south east of Bristol.
• The main high street and St Catherine’s artisan quarter offer winding streets and cobbled paving, lined with a diverse range of independent shops and markets.
• The Old Printworks is situated within walking distance of the town centre and Frome train station, with direct links to Bath and Bristol.

Tenancy Schedule

• Unit: 1 – Late Stop (SW) Ltd, a franchise of Spa. 20 years, no breaks for £2,910 p.a. Size: 2,194 sq ft
• Unit: 2 – Currently vacant. 12 month rental guarantee from completion totalling £18,000
• Unit: 3 – Papa John’s (GB) Ltd. 15 years (TOB in 2032) for £18,000 p.a. Size: 1,184 sq ft
• Total annual income: £68,910