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18 bedroom flat for sale
MIXED USE INVESTMENT | £185,840 pa - £204,840 pa INCOME
£1,950,000
MIXED USE INVESTMENT | £185,840 pa - £204,840 pa INCOME
£1,950,000
Our Summary
- Hollis Morgan – NOVEMBER LIVE ONLINE AUCTION - Freehold MIXED USE INVESTMENT ( 11,912 Sq ft ) comprising 3 x 6 BED HMO plus 2 x RETAIL UNITS | £185,840 pa INCOME with scope to increase to £204,840 pa | Scope for EXTRA 3 X 6 BED FLATS stcFor Sale By Live Online Auction - ADDRESS | 1 - 3 Old Church Road, Clevedon, North Somerset BS21 6LZLot Number TBC*** PLEASE NOTE NEW AUCTION START TIME - NOW 12:00 ***The Live Online Auction is on Wednesday 19th November 2025 @ 12:00 NoonRegistration Deadline is on Friday 14th November 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold mixed use investment located in a prime trading spot in the heart of the popular coastal town of Clevedon
- Ft | First Floor | Open Plan Kitchen Diner / Living | 6 Ensuite BathroomsThe Opportunity - MIXED USE INVESTMENT | £185,840 pa - £204,840 paThe property is fully let producing a total income of £185,840 pa with scope to increase to £204,840 paResidential Income - £11,570 pcm | £138,840 pa A number of the flats have been occupied for a number of years and there is scope to bring the rooms up to current market rents of £675 pcm - £730 pcm
- SECOND FLOOR EXTENSION OPPORTUNITY | 3 X 6 BED FLATS | £138,840 EXTRA INCOME Plans and visuals prepared and with the existing development core areas designed for an additional floor to be serviced from within to create a second floor “mansard” type roof space to accommodate an additional 3 Flats comprising of 6 en suited professional rooms within each
- The existing development was completed in 2023 with an unblighted planning history in respect of the immense potential for a second floor, creating an opportunity to add significant value day one to this sustainably located mixed-use development in the heart of the Town Centre
- FOR SALE BY ONLINE AUCTION
- NOVEMBER LIVE ONLINE AUCTION
Description
A freehold mixed-use investment property in Clevedon, North Somerset, is being sold through a live online auction. The property, completed in 2023, comprises two retail units on the ground floor and three self-contained 6-bedroom HMO licensed apartments on the first floor with a roof terrace. The property is fully let, producing a total income of £185,840 per annum, with scope to increase to £204,840 per annum. The residential income is £11,570 per month, and the commercial income is £47,000 per annum. There is also an opportunity to add an additional three 6-bedroom flats to the second floor, which could increase the residential income by £138,840 per annum. The property is located in a prime trading spot in the heart of Clevedon, with excellent access to Bristol and local amenities. The auction will be streamed live online on November 19th, and registration must be completed by November 14th.