Property Search
Weston-Super-Mare
Price
£2,100,000Status
AvailableProperty Type
Commercial PropertiesProperty Ref.
AJH692Property Introduction
An investment property offering 17 one bedroom apartments in a prime location in the centre of this popular holiday resort overlooking the grand pier and having widespread views over Weston Bay towards the Welsh coastProperty Description
Weston-super-Mare town centre offers an excellent variety of shops, sporting and recreational facilities including good schooling and a technical college. The town has excellent train services to Bristol and throughout the West Country. There is easy access to M5 Motorway Junction 21 within approximately 2 miles. Bristol Airport is within approximately 40 minutes drive offering regular Internal, Continental and Trans Atlantic flights.
The property is situated directly on the sea front and overlooks the Grand Pier and commands sweeping views over Weston Bay across the Bristol Channel to the Welsh coast.
The property is reputed to date from the late Victorian period and the apartments are currently undergoing a complete refurbishment and modernisation programme to provide 17 one bedroom apartment and are arranged on the first, second and third floors above a complex of restaurants, cafes and shops. Each apartment will have a living room with kitchen area, a double bedroom and bathroom/WC, an electric heating system and UPVC double glazing. The kitchens are fitted with electric cookers and hobs including a space and plumbing for washing machine and there are adequate power points throughout.
This property will offer a fine investment opportunity and is sold as leasehold over a term of 997 years. The property is sold with full vacant possession, however, it is the Vendors intention when the rebuilding programme is complete to offer each apartment on a six month assured shorthold tenancy. The projected gross rental income will be £121,500 per annum (exclusive of all outgoings).
Services include mains electricity, water and drainage connected.
Local Authority: North Somerset District Council, Town Hall, Weston-super-Mare
Tel: 01934 888888
All flats are separately rated at Council Tax Band A.
Note: Architects’ drawings of the building are available upon request.
We are advised that the property is Leasehold – please verify with your legal representative.
All room sizes are approximate. Electrical installations, plumbing and central heating installations, drainage installations are noted in particulars on the basis of a visual inspection only. They have not been tested and no warranty of condition of fitness for purpose is implied by their inclusion. Potential purchasers are warned that they must make their own enquiries as to the condition of the appliance, installation or of any element of the structure or fabric of the property.
The property is situated directly on the sea front and overlooks the Grand Pier and commands sweeping views over Weston Bay across the Bristol Channel to the Welsh coast.
The property is reputed to date from the late Victorian period and the apartments are currently undergoing a complete refurbishment and modernisation programme to provide 17 one bedroom apartment and are arranged on the first, second and third floors above a complex of restaurants, cafes and shops. Each apartment will have a living room with kitchen area, a double bedroom and bathroom/WC, an electric heating system and UPVC double glazing. The kitchens are fitted with electric cookers and hobs including a space and plumbing for washing machine and there are adequate power points throughout.
This property will offer a fine investment opportunity and is sold as leasehold over a term of 997 years. The property is sold with full vacant possession, however, it is the Vendors intention when the rebuilding programme is complete to offer each apartment on a six month assured shorthold tenancy. The projected gross rental income will be £121,500 per annum (exclusive of all outgoings).
Services include mains electricity, water and drainage connected.
Local Authority: North Somerset District Council, Town Hall, Weston-super-Mare
Tel: 01934 888888
All flats are separately rated at Council Tax Band A.
Note: Architects’ drawings of the building are available upon request.
We are advised that the property is Leasehold – please verify with your legal representative.
All room sizes are approximate. Electrical installations, plumbing and central heating installations, drainage installations are noted in particulars on the basis of a visual inspection only. They have not been tested and no warranty of condition of fitness for purpose is implied by their inclusion. Potential purchasers are warned that they must make their own enquiries as to the condition of the appliance, installation or of any element of the structure or fabric of the property.






