Available
Frome – Public House
The Crown Inn, 24 Keyford, Frome BA11 1JWFreehold Public House Investment
Price
£380,000
Rent P.A.
£26,000
Yield
6.84%
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
5y 10m
Area
3,000 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises three-storey public house with restaurant, beer garden and 3-bed manager`s flat
- Situated in predominantly residential area within short walk from Frome town centre with retail occupiers including M&S Food, Cinema, Ladbrokes, TSB Bank and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor public house with beer garden and 3-bed owner`s accommodation above, providing the following accommodation and dimensions:
Ground Floor: Open plan bar & restaurant, kitchen, outdoor garden
First Floor: Function room for events and conferences (c. 30 covers)
First/Second Floor: 3 bedrooms, kitchen, lounge, bathroom
Total area size 278 sq m (3,000 sq ft)
Ground Floor: Open plan bar & restaurant, kitchen, outdoor garden
First Floor: Function room for events and conferences (c. 30 covers)
First/Second Floor: 3 bedrooms, kitchen, lounge, bathroom
Total area size 278 sq m (3,000 sq ft)
Tenancy Description
The property is at present let to Seasons Eatings Ltd (with personal guarantee) for a term of 6 years from 27th January 2025 at a current rent of £26,000* p.a. and the lease contains full repairing and insuring covenants. Rent review on 27.01.27 and 27.01.29 and 27.01.31 linked to RPI. Tenant option to determine on 27.01.28 with min 6 months notice. Deposit held of £5,500.
*Tenant pays reduced rent of £23,400 p.a. for the first year. Fixed rental increase to £26,000 p.a. in January 2026. The vendor will top-up rent until 26th January 2026, so the buyer receives the equivalent of £26,000 p.a. from completion.
*Tenant pays reduced rent of £23,400 p.a. for the first year. Fixed rental increase to £26,000 p.a. in January 2026. The vendor will top-up rent until 26th January 2026, so the buyer receives the equivalent of £26,000 p.a. from completion.
Tenancies & Accommodation
Location Description
Frome is a town and civil parish in eastern Somerset, England and lies about 13 miles south of the City of Bath, with the market towns of both Westbury and Warminster sitting 6.5 miles to the East. The property is situated on Keyford, a busy arterial route 2 min away from the town centre. Occupiers in Keyford town centre including M&S Food, Cinema, Ladbrokes, TSB Bank and many more.
