£1,500,000
Studio for saleSt. James Street, Weston-Super-Mare, North Somerset BS23
EPC Rating: B
- Freehold
David Plaister Ltd
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About this property
A fantastic freehold investment opportunity
A mixed use property offering eight apartments and ground floor restaurant, all fully let
With a current rental income of circa £150,720 per annum
Allocated off street parking for two cars at the rear
Refurbished and well presented throughout
Town centre positioning, within reach of local amenities and prolific seafront
Approximately 7,572 Sq. Ft.
EPC Ratings: B82 - C69 | Council Tax Bands: A | Business Rates may apply
Exceptional Mixed-Use Investment Opportunity – Weston-super-Mare Town Centre.
David Plaister Ltd are delighted to offer to the market this superb mixed-use investment property, ideally positioned in the heart of Weston-super-Mare. Just a short distance from the town centre, seafront, and mainline train station, this
property enjoys an enviable location with excellent amenities and transport links on the doorstep.
The property comprises a ground floor restaurant together with eight self-contained residential flats above. All units are fully tenanted, providing immediate rental
income for an incoming investor.
Total Gross Income: £150,720 per annum (approx.)
The vendor has advised the following: The ground floor commercial space is let on a 7-year lease; each flat is rented on a 12-month assured shorthold tenancy with deposits taken; every apartment has valid eicr and gas safety certification; all units, including the commercial element, benefit from separate gas, water, and electricity meters; and full planning permissions and building regulations were obtained and
signed off at the time of conversion.
This property represents an attractive, ready-made investment with a strong rental yield and existing tenants in situ. Its central location attracts high demand, making it an excellent addition to any portfolio.
EPC Ratings: B82 - C69 | Council Tax Bands: A | Business Rates may apply
Commercial Unit
A pedestrian entrance door and impressive glazed shopfront leading into the main restaurant area.
Main Restaurant / Bar
A well presented buffet style restaurant, recently refurbished throughout with wood effect laminate vinyl tile flooring, fitted seating booths, buffet style serving area with heat lamps, fitted bar and reception, doors to rear hallway, door to toilet facilities. The restaurant area is finished with impressive decorative features, ceiling lights and air-conditioning units.
Toilet Facilities
Three separate toilet cubicles: Male, female, and disabled toilets.
Rear Hallway
Walk In Refrigerator
Kitchen
Residential Apartments
Entrance / Stairs
To the left-hand side of the property there is a separate entrance door into a communal area with a stair flight rising to the first and second floors with communal hallways leading to the apartments.
First Floor
Communal Hallway
Apartment One
Two bedroom first floor apartment.
Hallway
Doors to principal rooms, radiator, ceiling light.
Kitchen / Living Room
Two UPVC double glazed windows, a range of wall and floor units with worktops, tiled splashback, stainless steel sink and drainer, four ring gas hob with oven under and extraction hood over, space for appliance, two radiators, ceiling lights, cupboard housing gas fired boiler.
Bedroom One
Two UPVC double glazed windows, radiator, ceiling light.
Bathroom
Low-level WC, panelled bath with glass screen and shower over, wash handbasin and pedestal, heated towel rail, extractor fan and ceiling light.
Bedroom Two
UPVC double glazed window, radiator, ceiling light.
Apartment Two
One bedroom first floor apartment.
Hallway
Doors to rooms, useful built-in storage cupboard, ceiling light.
Kitchen Living Room
Two UPVC double glazed windows, wall and floor units with worktops and tiled splashback, four burner gas hob, oven under and extraction hood over, stainless steel sink and drainer, space for appliances, cupboard housing wall mounted gas fired boiler, two radiators, ceiling lights.
Shower Room
Low-level WC, enclosed shower, UPVC double glazed window, wash hand basin, heated towel rail, extractor fan and ceiling light.
Bedroom One
UPVC double glazed window, radiator, ceiling light.
Apartment Three
Two bedroom first floor apartment.
Hallway
Doors to principal rooms, radiator, ceiling lights.
Bedroom One
UPVC double glazed window, radiator, ceiling light.
Bedroom Two
UPVC double glazed window, built-in storage cupboard housing gas fired boiler, radiator, ceiling light.
Bathroom
Low-level WC, panelled bath and shower attachment with glass screen over, wash hand basin, extractor fan and ceiling light.
Kitchen / Living Room
Two UPVC double glazed windows, radiators, wall and floor units with worktops and tiled splashback over, four burner gas hob with oven under and extraction hood over, stainless steel sink, space for appliance, ceiling lights.
Apartment Four
First floor two bedroom apartment currently used as staff accommodation and ancillary space for the ground floor restaurant.
Hallway
Kitchen / Living Room
Rear Hallway
From the rear hallway, there is an external door leading to the external staircase for a second access.
Bathroom
Bedroom One
Bedroom Two
Store Room
Second Floor
Communal Hallway
Apartment Five
Second floor one bedroom apartment.
Hallway
Doors to rooms, ceiling light.
Kitchen / Living Room
Wall and floor units, worktops and tiled splashback over, stainless steel sink and drainer, gas hob with oven under and extraction hood over, cupboard housing gas fired boiler, space for appliances, three UPVC double glazed windows, radiator, ceiling lights, roof access hatch.
Shower Room
Low-level WC, wash hand basin and pedestal, enclosed shower, heated towel rail, extractor fan and ceiling light.
Bedroom
UPVC double glazed window, radiator, ceiling light.
Apartment Six
Second floor one bedroom apartment.
Hallway
Kitchen / Living Room
Wall and floor units with worktops and tiled splashback over, inset stainless steel sink and drainer, gas hob with oven under and extraction hood over, space for appliance, two UPVC double glazed windows, radiator, roof access hatch, ceiling lights, built in storage cupboard housing gas fired boiler.
Shower Room
Low-level WC, wash hand basin, enclosed shower, heated towel rail, extractor fan and ceiling light.
Bedroom
UPVC double glazed window, radiator, ceiling light.
Apartment Seven
Second floor two bedroom apartment.
Hallway
Doors to rooms, built in storage cupboard housing wall mounted gas fired boiler, radiator, ceiling lights.
Kitchen / Living Room
Wall and floor units, stainless steel sink and drainer, gas hob with oven under and extraction hood over, space for appliances, radiator, ceiling light, UPVC double glazed window, door leading to external staircase, ceiling lights.
Shower Room
Low-level WC, wash hand basin and pedestal, enclosed shower, heated towel rail, extractor fan and ceiling light.
Bedroom One
Two UPVC double glazed windows, radiator, ceiling light.
Bedroom Two
UPVC double glazed window, radiator, ceiling light.
Apartment Eight
Second floor two bedroom apartment.
Hallway
Doors to rooms, built in storage cupboard housing wall mounted gas fired boiler, radiator, roof access hatch.
Kitchen / Living Room
Wall and floor units with worktops and tiled splashback over, stainless steel sink and drainer, gas hob, oven under and extraction hood over, space for appliances, two UPVC double glazed windows, radiator, ceiling lights.
Bathroom
Low-level WC, wash hand basin and pedestal, panelled bath with shower and glass screen over, heated towel rail, extractor fan and ceiling light.
Bedroom One
UPVC double glazed window, radiator, ceiling light.
Bedroom Two
Two UPVC double glazed windows, radiator, ceiling light.
Outside Rear
To the rear of the property, there is a right of access over the neighbouring rear courtyard area leading to a designated parking area.
Rear External Staircase
Parking
Currently used to place two timber framed storage sheds.
Tenure
Freehold.
Rent Schedule
Ground floor commercial space: £36,000 pa
Flat 1: £1195.00 pcm
Flat 2: £1095.00 pcm
Flat 3: £1195.00 pcm
Flat 4: £1495.00 pcm
Flat 5: £1095.00 pcm
Flat 6: £1095.00 pcm
Flat 7: £1195.00 pcm
Flat 8: £1195.00 pcm
The Vendor Has Advised The Following
The ground floor commercial space is let on a 7-year lease. Each apartment is rented on a 12-month assured shorthold tenancy with deposits taken. Every apartment has a valid eicr and gas safety certificate and is separately metered for gas, water, and electricity. The ground floor commercial unit also has its own separate meters. All necessary planning permissions and building regulations approvals were obtained and signed off following the conversion.
Services
Mains gas, electricity, water, drainage.
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