4 bedroom commercial property for sale

2 FLAT / 2 SHOPS - CLOSE TO BEACH WSM

Under Offer £235,000

Property Description

Key features

  • FREEHOLD
  • MIXED USE INVESTMENT
  • 2 X RETAIL UNITS
  • 2 X FLATS
  • SCOPE TO INCREASE RENTS

Full description

Hollis Morgan - A Mixed Use FREEHOLD INVESTMENT ( 4365 Sq Ft ) comprising 2 x FLATS and 2 x SHOPS with scope to INCREASE the INCOME from £30k +

The Property - A Freehold Mixed use property ( 4365 Sq Ft ) occupying a prominent trading position at the Beach end of Meadow Street in the heart of Weston Super Mare.
The property is sold subject to the existing tenancies

17 - Retail Unit
17a - 3 Bedroom Flat
19 - Retail Unit
19a - 2 Bedroom Flat

Location - Meadow Street is situated within the heart of Weston Super Mare's town centre. Local amenities, services, independent retailers, pubs, bars, restaurants and the famous Grand Pier are all within walking distance. Bristol is approximately 24 miles away via the M5 motorway network.

The Opportunity - MIXED USE INVESTMENT - SCOPE TO UPDATE AND INCREASE RENTS.

The flats have been let for a number of years and there is scope to increase the rents subject to some basic updating.
The flat are let on AST agreements and have been in situ for a number of years without rental increases.

EXISTING INCOME

Retail Unit ( 17 ) - £11,000 pa with tenant vacating in April 2019 ( Currently a confectionery store )
Retail Unit ( 19 ) - £6,000 pa on a 3 year lease commencing June 2018 ( Independent Gadget Shop )
Flat ( 17a ) - 3 Bedroom flat let on AST at £600 pcm ( In situ since 2001 )
Flat ( 19a ) - 2 Bedroom flat let on AST at £480 pcm ( In situ since 2006 )

TOTAL INCOME £29,200 pa

Epc - For full details of the EPC please refer to the online legal pack.


More information from this agent

Nearest stations

  • Weston-super-Mare (0.3 mi)
  • Weston Milton (1.5 mi)
  • Worle (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 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:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 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 (0.3 mi)
  • Weston Milton (1.5 mi)
  • Worle (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 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 27974485. 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 Hollis Morgan, Clifton - Commercial, Land, Development and 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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