St. Mary Street, Weymouth, DT4

COMMERCIAL UNIT, HMO AND APARTMENT INVESTMENT OPPORTUNITY

An excellent opportunity to acquire a substantial freehold building in a prime trading position on St Mary’s Street, Weymouth. The property comprises a ground floor retail unit, a 4-bedroom HMO arranged over three floors, and a self-contained 1-bedroom maisonette, providing a strong and diversified rental income.
The ground floor offers a good-sized commercial unit previously used as a high street shop based in a very central location in the main Weymouth town centre. The shop also offers a large basement.
On the first floor you have a large double bedroom, bathroom, and communal kitchen.
On the second floor you have another very large bedroom, another double bedroom, and a 2nd bathroom.
On the third floor you have a double bedroom, and a room ideal for storage purposes.
To the rear is the charming one-bedroom maisonette, uniquely split over three levels, offering a fantastic blend of character and practicality right in the heart of Weymouth's desirable St. Mary Street.
Weymouth is a bustling seaside town renowned for its charm, tourism appeal, and excellent transport links. This property enjoys a prime central location, making it highly desirable for both commercial and residential tenants.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

This property is sold subject to payment of a non-refundable reservation fee of 4.5% to a minimum of £6,600.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the Completion of the purchase within 56 days, although all reasonable endeavours must be made to Exchange Contracts within immediately following the Draft Contracts being received by the Buyer's Solicitor

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 56 day period following the auction or the date of acceptance of the offer.