26, Waterloo Street, Weston-Super-Mare, BS23 1LN

THE PROPERTY

ADDRESS | 26 Waterloo Street, Weston Super Mare, North Somerset BS23 1LN

A Freehold mixed use block ( 1899 Sq Ft ) located close to the Seafront in this popular trading position. The lot comprises the ground floor retail unit with rear access and sold with vacant possession. The upper floors comprise 4 flats with access via a communal stairwell and the lot include flats 1 & 3 - please note flats 2 & 4 have been previously sold on long leaseholds.

Retail Unit - Ground Floor | 831 Sq Ft | Main Trading area | Kitchen | Bathroom | Storage | rear Access
Flat 1 - First Floor | 532 Sq Ft | Communal Access from Rear | Entrance Hall | Open Plan Kitchen / Living Space | Bedroom 1 | Bathroom
Flat 2 - Top Floor | 536 Sq Ft | Communal Access from Rear | Entrance Hall | Open Plan Kitchen / Living Space | Bedroom 1 | Bathroom

Both flats sold subject to existing AST tenants.

Tenure - Freehold
Council Tax - A | A
EPC - E | E | E

THE OPPORTUNITY

MIXED USE INVESTMENT | £27,240 pa

The property has scope to produce £27,240 pa once the retail unit is let and there is additional scope to increase the rental income in the flats subject to negotiations.

Flat 1 - Rent £595 pcm | AST | Tenancy commenced July 2019
Flat 3 - Rent £675 pcm | AST | Tenancy commenced February 2024
Retail Unit - Vacant | Was £1,000 pcm

Total £27,240 pa

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.

RENTAL APPRAISAL

What rent can we achieve for you?

Mendip Property Management are confident this property would make a good rental investment if brought to a standard suitable for the professional rental market. Jason Virjee of Mendip Property Management suggests a rent in the region of;

Flat 1 - £650 pcm
Flat 2 - £675 pcm

If you would like to discuss more detail on the potential for rental, you can call me on 01275 332779 or email (enquiry@mendipproperty.com) for a no obligation discussion. I am always happy to advise investors on maximising their investment.

PROPERTY DETAILS DISCLAIMER

Hollis Morgan endeavours 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.