Mixed Use With Potential | Wsm

Hollis Morgan – A Freehold MIXED USE CORNER PROPERTY ( 2535 Sq Ft ) comprising LARGE RETAIL UNIT plus 2 X FLATS with DEVELOPMENT POTENTIAL stp

The Property - *** SOLD @ NOVEMBER LIVE ONLINE AUCTION ***

GUIDE PRICE £285,000 +++
SOLD @ £285,000

ADDRESS | 25 Baker Street, Weston-Super-Mare, North Somerset BS23 3AA

An imposing Freehold mixed use corner property ( 2535 Sq Ft ) occupying a prominent position in the town centre and close to the Sea Front. The property has a large commercial unit on the ground floor with front, side and rear access that has operated as an independent laundrette for many years but will be sold with vacant possession with the option to include the contents ( please refer to online legal pack. The upper floors are accessed from the Wooler Road aspect with separate independent access leading to a large self contained one bedroom flat and roof terrace on the first floor and a self contained two bedroom flat on the top floor - both sold subject to the existing AST tenants.

Tenure - Freehold
Council Tax - Band A
EPC - E (Flats) C (Commercial)

The Opportunity - MIXED USE INVESTMENT

The ground floor retail will be offered with vacant possession but has scope to generate £12,000 pa
The first floor flat is let on AST producing £690 pcm ( In occupation since 2021 ) but has scope to be increased to £800 pcm in line with current market rents.
The top floor flat is let on AST producing £690 pcm ( In occupation since 2021 ) but has scope to be increased to £825 pcm in line with current market rents.

We understand the AST in includes Water /sewage and the night store winter heating charge.

DEVELOPMENT | SCOPE TO EXTEND

The ground floor retail area has scope for conversion into 1 or 2 residential units.

Both flats would now benefit from basic updating and there is potential to rearrange the layout and improve in order to increase the rental income.
Please refer to independent rental appraisal .

Interested parties will note the large roof terrace on the first floor and the air space above which has potential to be developed into either additional units or to extend the existing flats.

We understand no planning of this nature has been recently sought - interested parties to make their own investigations.
All above subject to gaining the necessary consents.

REDUCED PRICE FOR AUCTION

The property was previously listed with respected local commercial agents for £425,000 and is now offered with a reduced guide price for a sale by live online auction.

Location - Weston Super Mare is a popular seaside town located on the Bristol Channel coast of North Somerset situated approximately 18 miles (29 km) south-west of Bristol and has a population of approximately 80,000 people. The town has a long history as a popular holiday destination, with a sandy beach that stretches for over two miles (3.2 km) and a variety of attractions and activities for visitors. The town centre has a mix of old and modern buildings, with several historic landmarks such as the Grand Pier, the Winter Gardens Pavilion, and the Birnbeck Pier. Westons main attraction is its beach, which is backed by a wide promenade and a range of amenities such as cafes, restaurants, and shops. The Grand Pier is a popular destination for families, with a variety of fairground rides, arcade games, and attractions. The town also has several parks and green spaces, including the 12-acre Grove Park, which has a children's play area, a boating lake, and a miniature railway. Other popular parks include Clarence Park and Ashcombe Park, both of which offer picturesque settings for picnics and walks. Weston is well connected with the M5 motorway running nearby and regular train services to Bristol, Bath, and other major cities. The town also has its own railway station, which is located within walking distance of the town center and the beach.

Property Details Disclaimer - Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. 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. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.