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Winterstoke Rd 2,834 SF Retail Building Weston Super Mare BS23 3YE $451,653 ($159.37/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 £340,000 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 £340,000 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/Long Leasehold
Property Subtype
Auto Repair
Building Size
2,834 SF
Building Class
C
Year Built
1936
Price
$451,653
Price Per SF
$159.37
Tenancy
Single
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.09 AC
Frontage
39’ on Winterstoke Road
Amenities
- Automatic Blinds
1 1
Nearby Major Retailers
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Winterstoke Rd
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