131, High Street, Weston-Super-Mare, BS23 1HN

THE PROPERTY

ADDRESS | 131 High Street, Weston-Super-Mare, North Somerset BS23 1HN

A Freehold end of terrace commercial property with accommodation ( 2376 Sq Ft ) arranged over 2 floors with additional side access from Old Post Office Lane.
The property was previously occupied by Subway but is now offered with vacant possession.

Tenure - Freehold
EPC - C

THE OPPORTUNITY

PLANNING GRANTED | HMO | £70K PA

Planning has been granted ( 24/P/1501/FUL ) for change of use and conversion into a purpose built 8 bed | 8 bath HMO style accommodation on the first floor with generous communal areas and additional office on the ground floor.
The vendors have been advised the rooms would achieve a rental income of circa £730 pcm per room once completed generating circa £70,000 per annum income.

ROOF SPACE | EXTRA ROOMS

There is potential to create additional rooms in the large roof void.
Subject to gaining the necessary consents - interested parties to make their own investigations.

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;

131 High Street - £730 pcm per room (inclusive of bills)

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.

PLANNING GRANTED

Reference24/P/1501/FUL
Application ReceivedTue 23 Jul 2024
Application ValidatedTue 30 Jul 2024
Address131 High Street Weston-super-Mare BS23 1HN
ProposalProposed change of use from a cafe (Class E) with ancillary accommodation at first floor to a large house in multiple occupation (HMO), (Class C4) for up to 8no. people with office and communal areas at ground floor (sui generis).
StatusDecided
DecisionRefuse
Decision Issued DateThu 10 Oct 2024
Appeal StatusAppeal decided
Appeal DecisionAppeal allowed

PLANNING INFORMATION

Full details of the proposed scheme and drawings can be downloaded with the online legal pack.

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.