17 - 19, Meadow Street, Weston-Super-Mare, BS23 1QG
UNDER OFFER, £235,000


Key Features

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

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.


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