UNDER OFFER, Guide Price £295,000

49, Oxford Street, Weston-Super-Mare, BS23 1TN

Bedrooms 5 Bathrooms 5 Reception 3

  • FREEHOLD
  • MIXED USE BLOCK
  • INVESTMENT
  • £37,800 PA
  • NIGHTCLUB | 2 X 3 BED FLATS
  • CLOSE TO SEA FRONT
  • EXCELLENT INCOME STREAM
  • DEVELOPMENT POTENTIAL

THE PROPERTY

ADDRESS | 49 Oxford Street, Weston-super-Mare, North Somerset BS23 1TN

A Freehold mixed use property with accommodation ( 4321 Sq Ft ) arranged over three floors and located just moments from the sea front.

Ground Floor - Nightclub / Bar
First Floor - Self contained 3 bedroom flat with access from rear
Top Floor - Self contained 3 bedroom flat with access from rear

Tenure - Freehold
Council Tax - A & A
EPC - C & D

THE OPPORTUNITY

MIXED USE INVESTMENT

The property currently produces £37,800 pa - please refer to legal pack for copies of leases.
Scope for Break up subject to VP.

SCHEDULE OF INCOME

Ground Floor - £1200 pcm | £14,400 pa ( 5 year lease from September 2024 )
First Floor - £950 pcm | £11,400 pa on AST ( Now rolling | Periodic )
Top Floor - £1000 pcm | £12,000 pa on AST ( Now rolling | Periodic )

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.


Local Information

Schools Stations Healthcare
Floorplan for INVESTMENT | £37K PA | WSM