Home / Property / Spar, Papa John’s & Vacant unit, Frome
Retail - other
4569 sq ft
Gross Yield %:
Yes (TOGC Available)
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.
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.
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
£500k - £1m
Customer car parking
Lease term > 15 years