The Butts, Frome, BA11

Description

147 The Butts offers a huge amount of scope with the potential to create a superb, spacious family home and benefits from consent to make alterations to the existing elevations and layout. Alternatively, the property could be converted to provide apartments or an HMO, subject of course to gaining any of the necessary consents.

Formerly one of the town’s numerous pubs, The Red Lion, 147 The Butts has been in residential use for some time and now requires significant renovation and improvement but offers spacious accommodation arranged over three floors. The current owner has started a scheme of work to the property and has removed some internal walls to create a great open space and a blank canvas.

The consent (Planning reference number 2022/0489/HSE. Granted 4th May 2022) allows for a repositioning of the front door to allow for the ground floor to be reconfigured to create an entrance hall with stairs to the first floor, a cinema room/snug, a lovely open plan kitchen/dining room and a further reception room together with boot room/utility room and a pantry.

It is proposed to divide the first floor into three double bedrooms, the master having an ensuite and dressing room, and a family bathroom. The second floor would provide two additional double bedrooms, each with a study/dressing room space and a shared bathroom.

Outside

The house has an enclosed garden to the rear with a stone built outbuilding which also has consent to be used as self contained office or studio. There is a single off road parking space to the front of the property.

Completion

Completion has been set for Thursday 14th August 2025 or earlier by arrangement.

Local Council: Somerset Council

Council Tax Band: D

Services: Mains water, electricity and drainage are connected to the property. Potential purchasers must rely on their own enquiries with regard to the location of any services and making any connection into them.

Tenure: Leasehold. The remaining term of a 999 year lease that was granted on the 24th June 1983. A copy of the lease will be included in the Legal Pack.

EPC G

VAT: The purchase price is not subject to VAT

Viewing: Through Cooper and Tanner, Frome. 01373 455060. Due to the condition of the property no children will be allowed on site and parts of the property will not be accessible.

Solicitor

FSM Solicitors, Warminster.  John Riley acting. Tel: 01985 217464

Registering to bid and Administration fee

Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Fees

Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.

auction-property, july-auction