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Substantial Freehold Investment Property in Weston Super_Mare

Weston super Mare, Somerset
Freehold Price:
£299,500
Status
FOR SALE
Advert ID
200201
Reference
1259 / Rightbiz
Falcon Commercial is delighted to offer for sale this marvellous opportunity to acquire the valuable freehold rights to a Commercial and Residential property which has recently undergone an extensive refurbishment. This substantial three-storey freehold parade property enjoys all the considerable commercial advantages of a highly visible trading position on one of the main shopping roads in Weston-Super-Mare, Somerset. It is surrounded by a good mix of complimentary independent and multiple businesses

The premises currently feature separate self-contained retail premises, together with a self-contained private apartment which are currently let to produce a very healthy regular rental income.
This would naturally present a truly outstanding opportunity, particularly for someone looking to significantly increase their existing investment portfolio by the acquisition of a substantial and extremely well located additional freehold property which achieves a very healthy return on initial capital outlay.
Falcon Commercial recommends early negotiations on this rarely available unique investment opportunity.

Premises Details

Recently refurbished 3 storey premises, briefly comprising

Ground Floor
•Retail Unit with
•Reception area
•Main Office
•Office 1
•Ladies Toilet
•Gents Toilet
•Staff Kitchen
•Office 2
•Office 3
•Office 4
First and Second Floor
•Self-contained Flat with
•Kitchen
•Lounge
•Bathroom
•2 x double bedrooms
External
•Rear garden
•Parking for 3 cars

Tenure
Freehold

Business Rates
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction unless otherwise agreed

Planning
For further information, you should make their own enquiries to North Somerset Council Town Hall Walliscote Grove Road, Weston-Super-Mare BS23 1UJ

EPC
The EPC rating is: TBC

Rental income
The rental income is currently
•£4,800 per year from the retail unit
•£7,200 per year from the apartment

Location
Weston super Mare is ideally situated for a holiday, day trip or business stay. It has Miles of golden sandy beaches, the flagship Grand Pier, the legendary playhouse theatre, iconic donkeys, a bustling high street and independent shopping including the Sovereign Shopping Centre, a testing golf course and a growing arts and music scene, make it a real cosmopolitan town.
There is excellent access to the M5 Motorway and a railway line to Bristol and London whilst Weston-Super-Mare railway station is approximately 1 mile to the south and Bristol International Airport is approx 15 miles to the North East
Listing Details
Freehold Price: £299,500
Tenure: Freehold
Location: Weston super Mare, Somerset
Sector: Investment Properties, Commercial Properties, Empty And Vacant Premises
Financials
Annual Turnover: £12,000
Annual Net Profit: Available upon request
Key Features
  • Price Reduced
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: 1259 / Rightbiz
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