UNDER OFFER, Guide Price £245,000
92 - 94, Meadow Street, Weston Super Mare, BS23 1QW
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SHORTLIST- FREEHOLD MIXED USE
- 2 X SHOPS | 2 X FLATS
- SCOPE FOR £27,600 PA
THE PROPERTY
ADDRESS | 92 - 94, Meadow Street Weston-Super-Mare, North Somerset, BS23 1QW
A Freehold mixed use property with accommodation ( 1624 Sq Ft ) arranged over two floors comprising 2 retail units on the ground floor and 2 self contained flats on the first floor.
Sold subject to existing tenancies.
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.
SCHEDULE OF INCOME
92 Meadow Street
Shop – 12 Month Lease from 23.7.23 @ £450 pcm
Flat – 6 Month AST from 2.4.23 @ £475 pcm
94 Meadow Street
Shop – 12 Month Lease from 1.5.18 @ £450 pcm
Flat – 6 Month AST from 20.1.20 @ £475 pcm
THE OPPORTUNITY
FREEHOLD INVESTMENT | £22,200 pa
The property is fully let producing £22,200 pa
SCOPE TO INCREASE RENTS | £27,600 pa
The flats would now benefit from some basic updating but have scope for an income of £650 - £700 pcm
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.