Oxford Street, Weston Super Mare, Bristol

£425,000 - For Sale

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

Opportunity to purchase a high yielding mixed used investment situated in the centre of Weston Super Mare within close proximity to the sea front and opposite the 45million Dolphin Square redevelopment project. The property comprises a café/restaurant, takeaway and a newsagents on the ground floor with 5 x one bedroom flats above. The property is currently partially let but offers the potential to produce approximately £47,000pa once fully occupied. Early enquiries recommended.

DESCRIPTION -

The property is partially let with the potential to produce approximately £47,000 Per Annum. The property is a mixed use investment arranged over 3 storeys comprising a café/restaurant, takeaway and a newsagents on the ground floor with 4 x 1 bedroom flats and a maisonette to the upper floors.

LOCATION -

The property is situated in a prominent position on Oxford Street, Weston Super Mare amongst a mix of independent traders, bars and cafés and a stones throw from the beach and world famous Grand Pier. Located opposite the £45,000,000 Dolphin Square redevelopment project which is due to complete next year. The development will be home to a Cineworld cinema and a wide range of restaurants and cafés, including Costa, Nandos, Pizza Express, and Prezzo.

FLOOR PLAN -

The floor plan is provided for indicative purposes, not be relied upon.

VIEWINGS -

Viewings are strictly by appointment with Maggs & Allen.

LEASE DETAILS -

COMMERCIAL -

Café/Takeaway - Currently vacant, available to let at £17,000pa.
Newsagents - £5,000pa - We understand this is let on a recent 6 year effectively Full Repairing and Insuring basis.

RESIDENTIAL -

Flat 1 - £400pcm.
Flat 2 - £450pcm.
Flat 3 - £420pcm.
Flat 4 - £400pcm.
Flat 5 - £450pcm.

TOTAL PASSING RENT -

Currently producing £30,440pc with the potential to generate £50,440pa once fully occupied.

ENERGY PERFORMANCE CERTIFICATE -

Café/Restaurant - C
Takeaway - C
Newsagents - G
Flat 1 - D
Flat 2 - G
Flat 3 - E
Flat 4 - E
Flat 5 - E

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.