Property Details
Retail / Office / Community / Studio Opportunity to Let
Frome is a market town in Somerset with history in the wool and cloth trade. Frome has a strong community and cultural identity, with many independent retailers and a regular monthly market. Frome Station has a direct train service to London Paddington, Bristol Temple Meads, Exeter St Davids & Weymouth.
Estimated footfall for the year ending March 2024 was 258,306 entries & exits (source GWR).
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David Corp
David Murray
Location
The premises are positioned within the main station building having roadside frontage and visibility on Station Approach plus platform frontage.
Description
Ground floor interlinking rooms having access onto Platform 2. Mains services of water and electric are connected.
Room 1 22.37sqm / 241 sqft
Room 2 20.92sqm / 225 sqft
The property is in shell condition. No outside seating is permitted.
Agreement Details
The property is offered on a new lease to 24th June 2028. Interested parties should be aware that any new lease will be excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act. The lease will not permit assignment or subletting. Standard Railway Lease Terms will apply.
The incoming tenant will be expected to pay the Landlord’s legal costs in connection with the grant of a new lease. These costs are anticipated at £1,000 plus VAT.
Rent
The premises are offered on a Minimum Guaranteed Rent of £6,950 per annum plus VAT with supporting turnover top-up rent provisions if any retail use is proposed. A rent deposit will be payable. Credit references will require to be obtained.
User
The premises are considered suitable for studio or office. Other uses will be considered. Approaches from small local businesses will be welcomed.
Utilities
The tenant will be responsible for all utilities consumed. The premises are served by an independent electricity supply.
Insurance
The tenant will be responsible for obtaining all relevant insurances such as employee and public liability.
Service Charge
The landlord does not currently charge a service charge but retains rights to introduce one in the future.
Shop Fitting
Fitting out works will need to be undertaken by professionally qualified contractors. The incoming tenant will need to provide detailed annotated scaled plans and signage proposals for works. The Superior Landlord’s approval maybe required in advance of any works. Listed Building Consent is likely to be required for any works and signage. The tenant shall be required to contribute towards the landlord’s costs in obtaining consents. Tenants works must be of high quality with the use of energy efficient equipment.
Rating
The payment of business rates will be the responsibility of the tenant. A search for the Rateable Value using the station postcode and the Valuation Office Agency website has not provided any detail. It is recommended that interested parties make their own enquiries with the Local Authority to ascertain what business rates will be payable.
Local Authority : Somerset Council.
An incoming tenant may benefit from Small Business Rates Relief. Interested parties are to make their own enquiries in this regard.
Energy Performance
EPC Rating D.
Viewing
For further details relating to this property please contact us:
David Corp – Senior Surveyor
Email: david.corp@amey.co.uk
Tel: 07708 479441
David Murray – Senior Portfolio Manager
Email: david.murray@amey.co.uk
Tel: 0207 921 2936
David Corp
Senior Surveyor
David has 20 years’ experience in commercial property management including 4 years’ experience in Asset Management (commercial).
David joined AmeyTPT in November 2020 and is working on the GWR account managing new lettings, lease and licence renewals and reviews, client development advice and general estate management.
Call: 07708 479441
Email: david.corp@amey.co.uk
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