A freehold ground floor commercial rental unit let producing an income of £30,000 per annum, with 5 years remaining on the lease to an established amusement arcade, trading as Caesars Palace. The unit extends to approximately 2,385 ft².
Regent Street sits in the heart of Weston-super-Mare and sees high footfall as a key thoroughfare running from the town centre up towards the seafront and the Grand Pier.
A superb investment or pension fund purchase.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 18 December 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
FREEHOLD GROUND FLOOR COMMERCIAL INVESTMENT - LET FOR £30,000 PER ANNUM
DESCRIPTION -
A spacious freehold ground floor commercial unit, prominently positioned in the heart of Regent Street, within close proximity to the seafront in Weston-super-Mare. The retail premises extend to approximately 2,385 ft² and is currently trading as Caesars Palace, a recently renovated and well-established amusement arcade. The tenant is secured on a 10-year lease from September 2020, producing a rental income of £30,000 per annum. The upper residential floors of the property have been sold off on long leases. This is a rare opportunity to acquire a well-located investment property with a secure rental income in one of Weston-super-Mare’s busiest trading streets, just moments from the seafront and Grand Pier.
LOCATION -
Regent Street sits in the heart of Weston-super-Mare in Somerset. This bustling trading position is a key thoroughfare running from the prime town centre up towards the seafront and the Grand Pier. It sees high footfall, particularly from beachgoers, tourists, and locals moving between the seafront and the retail core.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
COMMERICAL LEASE DETAILS -
The property is let on a 10 year commercial lease from September 2020 with a rental income of £30,000 per annum. The lease was subject to a rent review in September 2025 where the rent was increased from £26,000 per annum.
TENURE -
The property is to be sold on a freehold basis, subject to the occupational lease above and the long leases of the upper floors which have already been sold off. Please refer to the legal pack for further details.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating:
PLANNING -
A planning application has been submitted by the owner of the upper floors for the proposed change of use of first, second and third floors of building to form a 19-bedroom House in Multiple Occupation. Works to include formation of internal stairway and expansion of existing connecting stairway, replacement of all existing windows with new, installation of 3no. new first floor windows, replacement of 1no. first floor door with a window and block-up of second floor external door.
Application number: 25/P/0511/FUL
Local Authority: North Summerset Council
The upper floors are not included in sale.
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,800 plus VAT (£2,160 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for is £5,000.
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
