25-31 Boulevard | Weston Super Mare BS23 1NY
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25-31 Boulevard
Weston Super Mare BS23 1NY
Retail Property For Sale
Investment Highlights
- Excellent opportunity to acquire a substantial mixed use freehold property comprising four large Victorian terraced buildings
- Suitable for redevelopment subject to the necessary planning consents
- Part let with a rental income of £120,600 pax with reversionary rental income of circa £183,000 pax once fully let
- Large car park offering potential for development
Executive Summary
The freehold of the property is available for sale at £1,500,000. The property offers an annual rental income of £120,600 per annum with potential to increase the rental income following successful letting of the vacant floors. The ERV is approximately £183,000 per annum.
The property also offers the opportunity for redevelopment to residential with the potential for Permitted Development Rights to be utilised. We recommend that interested parties make their own investigations in relation to planning matters.
The property also offers the opportunity for redevelopment to residential with the potential for Permitted Development Rights to be utilised. We recommend that interested parties make their own investigations in relation to planning matters.
PROPERTY FACTS Sale Pending
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
14,714 SF
Building Class
B
Year Built
1910
Price
£1,500,000
Price Per SF
£102
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
4
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