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Studio apartment for sale
St. James Street, Weston-super-Mare, North Somerset, BS23
£1,500,000
St. James Street, Weston-super-Mare, North Somerset, BS23
£1,500,000
Our Summary
- Exceptional Mixed-Use Investment Opportunity – Weston-super-Mare Town Centre
- )The vendor has advised the following: the ground floor commercial space is let on a 7-year lease; each flat is rented on a 12-month assured shorthold tenancy with deposits taken; every apartment has valid EICR and gas safety certification; all units, including the commercial element, benefit from separate gas, water, and electricity meters; and full planning permissions and building regulations were obtained andsigned off at the time of conversion
- A fantastic freehold investment opportunity
Description
This exceptional mixed-use investment property is situated in the heart of Weston-super-Mare, just a short distance from the town centre, seafront, and mainline train station. The property comprises a ground floor restaurant and eight self-contained residential flats above, all fully tenanted and providing immediate rental income. With a total gross income of £150,720 per annum, this property offers a strong rental yield and existing tenants in situ. The vendor has advised that all units, including the commercial element, benefit from separate gas, water, and electricity meters, and that full planning permissions and building regulations were obtained and signed off at the time of conversion. This property represents an attractive, ready-made investment with a strong rental yield and high demand, making it an excellent addition to any portfolio.