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Winterstoke Rd 2,834 SF Retail Building Weston Super Mare BS23 3YE $499,647 ($176.30/SF)
INVESTMENT HIGHLIGHTS
- Located on Winterstoke Road (A370), Weston-super-Mare adjacent to Drove Roundabout
- The property comprises a detached two storey building with ground floor workshop and first floor office
- The M5 (junction 21) is 4 miles to the east with Weston-super-Mare town centre 2 miles to the North
EXECUTIVE SUMMARY
Part freehold (hatched red on plan*) and part long leasehold (hatched blue on plan*) held for a 9999 year lease from 24 March 1898. (*approximate site boundaries on the brochure)
Purchase Price is £375,000 exclusive of VAT.
The sale will be subject to an overage for a period of 20 years from the date of completion. If an alternative planning consent is obtained within the first ten years a 50% uplift in value will be payable to the vendor reducing to 25% from the end of year 10 to the end of year 20.
Purchase Price is £375,000 exclusive of VAT.
The sale will be subject to an overage for a period of 20 years from the date of completion. If an alternative planning consent is obtained within the first ten years a 50% uplift in value will be payable to the vendor reducing to 25% from the end of year 10 to the end of year 20.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Repair
Building Size
2,834 SF
Building Class
C
Year Built
1936
Price
$499,647
Price Per SF
$176.30
Tenancy
Single
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.09 AC
Frontage
39’ on Winterstoke Road
AMENITIES
- Automatic Blinds
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Winterstoke Rd
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