Flow

Description

A three storey Grade II listed property on the Frome Bridge built during the Georgian era, under which flows the River Frome. The terrace to the rear of the ground floor bar provides a secluded spot where customers can enjoy a drink whilst watching the river below. The first floor bar also has a bar counter and is used during normal trading hours or hired out as a venue for celebrations or private parties. An office, a room with a fitted kitchen (currently used as a store room) are located on the second floor. The freeholders brought the property c. 4 years ago and completed a high specification refurbishment and re-design of the building, converting it from a restaurant to a bar and cocktail lounge. The bar has won numerous awards, including the Bath Life Best Bar Award, and the Muddy Stilettoes Best Bar Award.

Location

Frome has a rich heritage as one of the county's busiest market towns, which is a tradition that continues to this day, with three markets still held every week. Amongst the well-preserved architecture and cobbled streets there is a vibrant arts scene with galleries, theatres, and music venues dotted around the town which is also home to an ever growing number of creative industries, with a mixture of cutting edge tech companies and media agencies rubbing shoulders with small scale artisan businesses and workshops. Located circa 30 minutes from Bath in east Somerset and on the edge of the Mendip Hills, the town is a popular tourist destination and has won accolades as a place to live and a place to visit from the Times and Time Out respectively.

Internal Details

Ground Floor - Open plan bar area - Bar counter - Access to terrace First Floor - Open plan bar area - Bar counter - Toilets Second Floor - Office - Room with fitted kitchen (currently used for storage) - Toilet

Fixtures & Fittings

We are advised that all trade fixtures and fittings are included within the sale, with the exception of some personal effects that will be retained by the seller - an inventory will be provided.

External Details

There is a balcony to the rear of the ground floor bar.

Owners Accommodation

Currently, there is no owner's accommodation. However, with suitable permissions, it may be feasible to re-configure the second floor to create a one bedroom flat/studio.

Trading Information

Annual turnover of £307,681. More detailed financial information will be made available after viewing.

Trading Hours

The current trading hours are: Monday – Closed Tuesday – Closed Wednesday – 5pm to 11pm Thursday – 5pm to 11pm Friday – 3pm to Late Saturday – 3pm to Late Sunday – 3pm to 11pm (Licensed to 2.00am and no stipulation for door staff)

Investment Summary

-Lease premium: £65,000 -Rent deposit: Equivalent of three months rent Buyers will also require funds for stock, glassware and working capital.

Tenancy

-Brand new free of tie lease -Negotiable lease length (minimum 10 years) -Fully repairing & insuring -Protected tenancy Freehold offers may be considered

Business Rates

Current rateable value (1 April 2023 to present) is £16,750.