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3 bedroom block of apartments for sale
Mixed Use With Potential | Wsm
£285,000
Mixed Use With Potential | Wsm
£285,000
Our Summary
- 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 TBCThe 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
- please visit the Hollis Morgan auction website and click
- 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
Description
This is a unique opportunity to purchase a freehold mixed-use corner property in Weston-Super-Mare, North Somerset. The property comprises a large retail unit on the ground floor, currently operating as an independent laundrette, which will be sold with vacant possession and the option to include the contents. The upper floors feature two self-contained flats, one with one bedroom and a roof terrace, and the other with two bedrooms, both let on ASTs producing £690 pcm each. The property has development potential, with scope to extend the ground floor retail area into residential units, and both flats could benefit from updating and rearrangement to increase rental income. The property is situated in a prime location, close to the seafront, and has a total floor area of 2535 sq ft. The auction will take place live online on September 17th, 2025, and registration is required by September 15th, 2025.