£235 K SOLD
LOT 17
17-19, MEADOW STREET, WESTON-SUPER-MARE BS23 1QG
Weston-super-Mare GUIDE PRICE : £225 K +++
PROPERTY AREA 4364.1 ft 2 /405/4 m 2
Mixed use investment – prime trading position A Freehold Mixed use property (4365ft 2 ) occupying a prominent trading position at the Beach end of Meadow Street in the heart of Weston-super-Mare. The property is sold subject to the existing tenancies • Mixed use investment – scope to update and increase rents. The flats have been let for a number of years and there is scope to increase the rents subject to some basic updating. The flat are let on AST agreements and have been in situ for a number of years without rental increases.
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CURRENT INCOME Retail Unit (17)
£11,000 PA with tenant vacating in April ’19 (currently a confectionery store)
£6,000 PA on a 3 year lease commencing June 2018 (Independent Gadget Shop) 3 Bedroom flat let on AST at £600 PCM (in situ since 2001) 2 Bedroom flat let on AST at £480 PCM (in situ since 2006)
Retail Unit (19)
Flat (17a) Flat (19a)
TOTAL
£29,200 PA
SOLICITORS
contact:
Nicholas Redding, Barringtons & Sons
60 High Street, Burnham on Sea, Somerset, TA8 1AGTel: (01278) 782 371
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