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Commercial Development for sale

Oxford Street, Weston Super Mare, Bristol

£425,000

Property Description

Full description

Opportunity to purchase a high yielding mixed used investment situated in the centre of Weston Super Mare within close proximity to the sea front and opposite the 45million Dolphin Square redevelopment project. The property comprises a café/restaurant, takeaway and a newsagents on the ground floor with 5 x one bedroom flats above. The property is fully producing £45,440 Per Annum. Early enquiries recommended.

Description - The property is fully producing approximately £45,440 Per Annum. The property is a mixed use investment arranged over 3 storeys comprising a café/restaurant, takeaway and a newsagents on the ground floor with 4 x 1 bedroom flats and a maisonette to the upper floors.

Location - The property is situated in a prominent position on Oxford Street, Weston Super Mare amongst a mix of independent traders, bars and cafés and a stones throw from the beach and world famous Grand Pier. Located opposite the £45,000,000 Dolphin Square redevelopment project which is due to complete next year. The development will be home to a Cineworld cinema and a wide range of restaurants and cafés, including Costa, Nandos, Pizza Express, and Prezzo.

Floor Plan - The floor plan is provided for indicative purposes, not be relied upon.

Viewings - Viewings are strictly by appointment with Maggs & Allen.

Lease Details -

Commercial - Café/Takeaway - Recently let at £15,000pa on a new 6 year lease effectively Full Repairing and Insuring basis.
Newsagents - £5,000pa - We understand this is let on a recent 6 year effectively Full Repairing and Insuring basis.

Residential - Flat 1 - £400pcm.
Flat 2 - £450pcm.
Flat 3 - £420pcm.
Flat 4 - £400pcm.
Flat 5 - £450pcm.

Total Passing Rent - Currently producing £45,440pa.

Energy Performance Certificate - Café/Restaurant - C
Takeaway - C
Newsagents - G
Flat 1 - D
Flat 2 - G
Flat 3 - E
Flat 4 - E
Flat 5 - E

Vat - All figures quoted are exclusive of VAT unless otherwise stated.

Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.


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