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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 – OCTOBER 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 3AALot Number 27*** 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 - 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
- NOVEMBER LIVE ONLINE AUCTION
Description
This is a freehold mixed-use corner property in Weston Super Mare, North Somerset, comprising a large retail unit on the ground floor and two self-contained flats on the upper floors. The retail unit has been operating as an independent laundrette but will be sold with vacant possession, offering potential for redevelopment or continued use as a laundrette. The two flats are let on ASTs, producing £690 per month each, and have scope for increasing the rental income. The property also has development potential, with scope to extend the ground floor retail area into residential units. The property is situated in a prominent position in the town centre, close to the sea front, and has a large commercial unit with front, side, and rear access. The auction will be held online on November 19th, 2025, with registration deadline on November 14th, 2025.