North Parade, Frome
Guide price £405,000

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.

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.

The property's central location and individual units make it an attractive opportunity for both owner-occupiers and investors.

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.

4 North Parade - Individual Price: £120,000
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.

4A North Parade - Individual Price: £130,000
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.

4B North Parade - Individual Price: £115,000
A first-floor apartment offering a spacious living area, separate kitchen, main bedroom, additional L-shaped bedroom/study area and bathroom.

4C North Parade - £110,000
A top-floor flat comprising a double bedroom, open-plan living/kitchen area and separate bathroom.