North Parade, Frome

Property Details: • Type: Terraced • Tenure: FREEHOLD • Floor Area: N/A

Key Features: • Substantial Town Centre Property Comprising Four Self-Contained Flats • Four Individual Units Available To Purchase Separately • Selection Of One- And Two-Bedroom Apartments • Variety Of Flexible And Well-Proportioned Accommodation • Ground-Floor Flat With Its Own Private Entrance • Basement Flat Benefiting From A Private Rear Garden • Separate Kitchen And Living Areas Within Several Apartments • Valid Electrical Installation Condition Reports, Energy Performance Certificates, And Gas Safety Certificates For Each Property • Each Having Their Own Self-Contained Gas Central Heating System • Central Frome Location With Strong Appeal To Owner-Occupiers And Investors

Location: • Nearest Station: Frome Station • Distance to Station: 0.5804572633548833 miles

Agent Information: • Address: 24 Bath Street, Frome, Somerset, BA11 1DJ

Full Description: This substantial Grade II Listed property, situated in the heart of Frome town centre, comprises four self-contained flats, each of which is available to purchase individually.<br /><br />The accommodation consists of a selection of one- and two-bedroom apartments, offering a variety of layouts and features. The ground-floor flat benefits from its own private entrance, while the basement flat enjoys the additional benefit of a small garden. The first- and second-floor flats each provide separate bathrooms, together with well-proportioned kitchen and living areas.<br /><br />The property's central location and individual units make it an attractive opportunity for both owner-occupiers and investors.<br /><br />The building currently generates a gross annual rental income of £30,000, representing a gross yield of over 7%. All four properties are fully tenanted, with current rents ranging from £585 to £695 PCM. There is also scope for rental increases across all four properties within the next 12 months, offering potential for further income growth.<br /><br /><b>4 North Parade - Individual Price: £120,000</b> - A two-bedroom ground-floor flat comprising a kitchen/living area, two bedrooms, including an en-suite, and a separate bathroom. The property also benefits from its own private entrance directly from North Parade.<br /><br /><b>4A North Parade - Individual Price: £130,000</b> - A one-bedroom basement flat comprising a bedroom, kitchen, bathroom and separate reception room. Double doors from the entrance hallway provide direct access to a small private garden.<br /><br /><b>4B North Parade - Individual Price: £115,000</b> - A first-floor apartment offering a spacious living area, separate kitchen, main bedroom, additional L-shaped bedroom/study area and bathroom.<br /><br /><b>4C North Parade - £110,000</b> - A top-floor flat comprising a double bedroom, open-plan living/kitchen area and separate bathroom.<br /><br />