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3 bedroom flat for sale
Mixed Use With Potential | Wsm
£285,000
Mixed Use With Potential | Wsm
£285,000
Our Summary
- Hollis Morgan – SEPTEMBER LIVE ONLINE AUCTION – A Freehold MIXED USE CORNER PROPERTY ( 2535 Sq Ft ) comprising LARGE RETAIL UNIT plus 2 X FLATS with DEVELOPMENT POTENTIAL stpFor Sale By Live Online Auction - ADDRESS | 25 Baker Street, Weston-Super-Mare, North Somerset BS23 3AA Lot Number 41The Live Online Auction is on Wednesday 17th September 2025 @ 17:30Registration Deadline is on Monday 15th September 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 - An imposing Freehold mixed use corner property ( 2535 Sq Ft ) occupying a prominent position in the town centre and close to the Sea Front
- Tenure - FreeholdCouncil Tax - Band A EPC - E (Flats) C (Commercial)The Opportunity - MIXED USE INVESTMENT The ground floor retail will be offered with vacant possession but has scope to generate £12,000 pa The first floor flat is let on AST producing £690 pcm ( In occupation since 2021 ) but has scope to be increased to £800 pcm in line with current market rents
- The top floor flat is let on AST producing £690 pcm ( In occupation since 2021 ) but has scope to be increased to £825 pcm in line with current market rents
- DEVELOPMENT | SCOPE TO EXTENDThe ground floor retail area has scope for conversion into 1 or 2 residential units
- Both flats would now benefit from basic updating and there is potential to rearrange the layout and improve in order to increase the rental income
- DEVELOPMENT POTENTIAL
- FOR SALE BY ONLINE AUCTION
- SEPTEMBER LIVE ONLINE AUCTION
Description
A freehold mixed-use corner property in Weston-Super-Mare is up for sale by live online auction on September 17th. The property comprises a large retail unit on the ground floor, currently operating as an independent laundrette, which will be sold with vacant possession. The upper floors feature two self-contained flats, each with a separate entrance, and are let on ASTs producing £690 per month each. The property has development potential, with scope to extend the ground floor retail area into residential units or update the flats to increase rental income. The property is located in a prominent position in the town center, close to the seafront, and has a total floor area of 2535 square feet. The auction will be streamed live online, and bidders can register to participate until September 15th.