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Winterstoke Rd 2,834 sq ft Retail Property Weston Super Mare BS23 3YE £340,000 (£119.97/sq ft)
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 Occupier
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Vehicle Repair Garage
Property Size
2,834 sq ft
Costar Property Class
C
Year Built
1936
Price
£340,000
Price per sq ft
£119.97
Tenancy
Single
Number of Floors
2
Plot ratio
0.72
Total Plot Size
0.09 ac
Frontage
39 ft on Winterstoke Road
Amenities
- Roller Shutters
1 1
Nearby Major Retailers
1 of 5
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Winterstoke Rd
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