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5 bedroom house for sale
Investment | £37K Pa | Wsm
£275,000
Investment | £37K Pa | Wsm
£275,000
Our Summary
- Hollis Morgan – MAY LIVE ONLINE AUCTION - A Freehold HIGH YIELDING INVESTMENT comprising a MIXED USE BLOCK ( 4321 Sq Ft ) producing £37,800 pa | Nightclub / 2 X 3 Bed FlatsFor Sale By Live Online Auction - ADDRESS | 49 Oxford Street, Weston-super-Mare, North Somerset BS23 1TN Lot Number TBCThe Live Online Auction is on Wednesday 14th May 2025 @ 17:30Registration Deadline is on Monday 12th May 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold mixed use property with accommodation ( 4321 Sq Ft ) arranged over three floors and located just moments from the sea front
- Scope for Break up subject to VP
- FOR SALE BY ONLINE AUCTION
- MAY LIVE ONLINE AUCTION
Description
This is a freehold mixed-use property in Weston-super-Mare, North Somerset, comprising a nightclub and two self-contained 3-bedroom flats, totaling 4,321 square feet. The property is situated just moments from the seafront and currently produces £37,800 per annum. The ground floor is occupied by a nightclub/bar, while the first and top floors are rented out as self-contained flats, generating £14,400 and £12,000 per annum, respectively. The property offers a unique investment opportunity, with potential for break-up subject to vendor's permission. Weston-super-Mare is a popular seaside town with a long history as a holiday destination, featuring a sandy beach, a promenade, and various attractions. The town is well-connected to major cities via the M5 motorway and regular train services. The live online auction is scheduled for May 14th, 2025, and registration is required by May 12th.