Property photos
Guide price
£2,317,000
(£270.42/sq. ft)
Block of flats for sale
Grove Park Road, Weston Super Mare BS23Local area information
Property location
Nearby amenities
- Christ Church Church of England Primary School 0.3 miles
- Walliscote Primary School 0.6 miles
- Weston-super-Mare Knightstone Harbour 0.6 miles
- Weston-super-Mare 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Weston-Super-Mare to find out more about the local area.
Features and description
Ideally located in attractive areas of Pawlett, Weston-Super-Mare, and Eastington.
Comprising 8,568 sq ft (795 sq M) gia.
All three properties are let on an identical 20-year Fri lease to Westmoreland Supported Housing Limited, with annual cpi-based rent reviews on 1 April each year, capped at 4%.
Rent received £184,817 per annum. (Based on January 2026 topped-up rent).
All leases expire December 2041 (16 years unexpired) with a landlord option for the tenant to take a new 20 year lease at expiry (36 years unexpired
term).
Fully underpinned by vacant possession values.
Proposal
Guide Price £2,317,000 (Two Million Three Hundred and Seventeen Thousand Pounds) subject to contract excluding VAT. A purchase at this level would reflect a Net Initial Yield of 7.5%
Floor plans and tours
Floor plans (3)
3 floor plans available
View the floor plans to understand the space and layout of this property.
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Estate Office
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