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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 of which are fully tenanted, providing immediate rental income for an incoming investor. The total gross income is £150,720 per annum, with the ground floor commercial space let on a 7-year lease and each flat rented on a 12-month assured shorthold tenancy. The property benefits from separate meters for gas, water, and electricity, and all units have valid EICR and gas safety certification. With a strong rental yield and existing tenants in situ, this property represents an attractive investment opportunity with high demand in its central location.