Block of Apartments for sale

Grove Park Road, Weston Super Mare, Weston-super-Mare

Sold STC £975,000

Property Description

Full description

Exciting opportunity to purchase a freehold block of 9 very well-presented apartments in an attractive period property that was converted in c.2008. The property is situated on a tree-lined street on the hillside in Weston-super-Mare and benefits from off-street parking to the front and rear. The property is fully let producing approximately £56,580 per annum and could be retained as an excellent rental investment or alternatively the flats could be sold off individually.

Description - Substantial detached period property with a 3 storey modern extension to the rear that was previously used as a Nursing Home. The property was converted into 9 self-contained apartments in c.2008 and the flats have been rented out since the conversion was completed. Many of the light and spacious apartments benefit from high ceilings and sash windows and all have been fitted with modern kitchens and bathrooms. The property also benefits from a large driveway to the front and further parking to the rear and is let producing approximately £56,580 per annum. We feel there may be potential to increase the rent to in excess of £60,000 per annum and the property also offers a profitable break-up opportunity.

Location - The property is situated on Grove Park Road, a delightful tree-lined street on the hillside in Weston-super-Mare. Easy access is provided to the seafront, Grand Pier and Marine Lake, all of which are less than half a mile away.

Accommodation - The property is arranged as 9 self-contained apartments (7no. 2 bedroom flats and 2no. 1 bedroom flats). Please refer to floorplan for internal layout.

Rental Details - The apartments are let on Assured Shorthold Tenancy agreements as follows:
Flat 1 - £550 pcm
Flat 2 £450 pcm
Flat 3 £565 pcm
Flat 4 - £525 pcm
Flat 5 £600 pcm
Flat 6 - £550 pcm
Flat 7 - £500 pcm
Flat 8 £525 pcm
Flat 9 - £450 pcm

Planning -

Application Number - 07/P/1688/F

Description Of Development - Change of use from Convalescent Home to 7No. Two bed flats and 2No. One bed flats together with associated parking. Erection of a two storey side extension after demolition of existing utility room and external fire escape. Replacement of selected windows and provision of juliet balconies to South and West elevations.

Date Of Decision - 20th September 2007.

Energy Performance Certificates - Flats 1, 2, 5, 6, 7, 8 & 9 - Energy Rating: D
Flats 3 & 4 - Energy Rating: E

Viewing - Strictly by appointment with Maggs & Allen.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.


More information from this agent

Listing History

Added on Rightmove:
19 September 2016

Nearest stations

  • Weston-super-Mare (0.8 mi)
  • Weston Milton (1.6 mi)
  • Worle (2.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Weston-super-Mare (0.8 mi)
  • Weston Milton (1.6 mi)
  • Worle (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26515289. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maggs & Allen, Auction, Commercial & Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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