Oxford Street, Weston-Super-Mare
This is a fully tenanted mixed-use investment property situated in a prominent corner position with St James Street and Oxford street, opposite the cinema complex. The property is arranged over three floors comprising a cafe and takeaway with separate lock-up shop on the ground floor with 5 x one bedroom flats above. Fully let at circa £50,000 pa this is high yielding investment opportunity. Situated close to the sea front as well as the Weston College university campus the property offers scope to increase the rents either via airbnb style letting or as use as HMO, with significant scope to increase the number of bedrooms, subject to the necessary planning and licensing consents.
A large cafe and takeaway comprising no.s 19 & 19a. The two units are currently let individually to the same tenant at £8,000 p.a. and £7,000 p.a respectively for a period of 6 years with 4 years remaining. Floor area (combined): 111 sqm/1,195 sqft. EPC: C
Comprising the ground floor no. 23 this is lock up shop of circa 28 sqm/301 sqft currently let on a 6 month tenancy equivalent to £5,000 pa. EPC: G
Approached via a communal entrance from Oxford Street with stairs to upper floors.
First Floor Land
Doors to flats 1, 2 & 3 with landing area and stairs to second floor.
A first floor 1 bedroom flat of circa 31 sqm/ 324 sq ft currently let at £500 pcm EPC rating: D
A first and second floor 1 bedroom maisonette of 45 sqm/484 sqft currently let at £500 pcm. EPC rating: G
A 1 bedroom first floor flat of approximately 38 sqm/409 sqft currently let at £550 pcm. EPC rating: E
Second Floor Landing
With doors to flats 4 and 5.
A second floor studio/1 bedroom flat of approximately 31 sqm/ 334 sqft currently let at £400 pcm. EPC rating: E
A second floor 1 bedroom flat of approximately 41 sqm/441 sqft currently let at £550 pcm. EPC rating: E Outside
To the side of the property is footpath providing rear access to both shops.
By appointment with Morgan Beddoe.
Control Of Asbestos
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Morgan Beddoe has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries