5 bedroom terraced house for sale

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5 bedroom terraced house for sale

College Street, Burnham-on-Sea, TA8
£250,000

Our Summary

  • Residential Element: The upper floors were most recently let under an AST at £1,050 per calendar month (£12,600 per annum) and will be sold with vacant possession, offering scope for re-letting or owner occupation
  • Mixed-Use Investment Opportunity
  • Scope For Re-Letting

Description

This mid-terrace property offers a unique combination of commercial and residential space, with the ground floor currently let as a takeaway restaurant and the upper floors providing residential accommodation. The restaurant space has a 15-year lease with a passing rent of £11,500 per annum, while the residential element has previously been let under an Assured Shorthold Tenancy but will be sold with vacant possession. The upper floors offer a total of five bedrooms, two shower rooms, a sitting room, and a kitchen, with each bedroom equipped with its own electric key meter for individual energy control and billing. The property has previously operated as an HMO, but any former HMO licence was held by the individual owner rather than being attached to the property.