Commercial Property for sale
£1,200,000
High Street, Weston-Super-Mare, BS23
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Nearest stations:
Weston-super-Mare
(0.5 miles)
Weston Milton
(1.6 miles)
Worle
(3.0 miles)
Key features:
- Very central level location
- Close Sea Front and High St
- Excellent incomeq
- 5 Ground Floor Shops currently let
- 8 P/Built S/C 2-bedroomed flats currently let
- Ideal investment
- Planning Permission for 3 Large 2 Bedroom Penthouse flats
- Sole Agents
Full description:
Tenure: Freehold
GROUND FLOORFive separate shops with direct access to High Street (three shops now intercommunicate and are held by one tenant and two shops intercommunicate and are held by one tenant as a restaurant). We confirm that shops 1 & 2 have been let from 2008 for 15 years at £14,000 per annum. Shops 3, 4 & 5 (which are interconnected) have been let from 2007 for 21 years at £25,000 per annum. There are no break clauses.
FIRST AND SECOND FLOOR
Now converted into eight spacious self contained 2 bedroom, gas centrally heated flats each with Lounge, fitted Kitchen, Bathroom and Telephone security entrance system. Total Rent for the Two Floors (all flats let on 6 monthly secured shorthold) approximately £55,000 per annum.
PLANNING PERMISSION:
Planning Permission has been granted for three large 2 bedroom Penthouse Flats to be constructed on the top floor. Also, installation of a lift.
APPROXIMATE COST OF CONSTRUCTION: The present owner has had estimates for construction of the three flats at £150,000 and the lift would cost approximately £30,000 to install.
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