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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 14*** 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
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Here is a summary of the property description in a single paragraph:
A freehold mixed-use investment property in Clevedon, North Somerset, is available for sale by live online auction. The property, completed in 2023, comprises two self-contained retail units on the ground floor and three purpose-built 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 £138,840 per annum, with potential to increase to £150,840 per annum, while the commercial income is £47,000 per annum, with scope to increase to £54,000 per annum. The property also offers an opportunity for an additional second floor extension, with plans and visuals prepared for an additional three 6-bedroom flats, which could increase the income to £277,680 per annum. The property is situated in a prime trading spot in the heart of Clevedon, with excellent access to Bristol and surrounding areas.