Commercial property for sale in 76 & 76A Regent Street, Weston-Super-Mare, Somerset BS23
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Quality retail investment
- Fully let producing £80,000 per annum
- Two tenants incorporating upward only reviews with 76a having minimum uplift at first review to £25,000 per annum then to the higher of omv or rpi
- Established and popular location
- Large uppers that offer considerable residential value conversion
Property description
The property comprises a substantial 3 storey building with brick facing to the elevations under a flat roof. It is currently arranged as two units each with front and rear access. Number 76 is arranged as a large serving and dining area, storage and ancillary to the ground floor, with extensive upper parts over the 1st and 2nd floors. Number 76a currently has a kitchen, servery and dining area.
Location
Occupying a prominent and highly visible location on Regent Street, in the heart of Weston-Super-Mare. Regent street is a popular and well occupied retailing location, with nearby occupiers including New Look, McDonalds, Peacocks and a mix of regional and independent retailers. A multi-storey car park is also in very close proximity.
Regent Street links onto the High Street, with its diverse range of occupiers and the Shopping Centre.
Weston-Super-Mare is a seaside town in Somerset, England. It's known for its long sandy beach, Victorian architecture, and the Grand Pier. Weston-Super-Mare has good transportation links. The town is served by a railway station, the M5 motorway is nearby, offering road access to other parts of the country. The Town also has local bus services, contributing to its overall accessibility.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Please refer to the tenancy schedule within the brochure.
Rent / Price
Price on Application.
Services
We understand that mains electricity, gas, water and drainage are connected to the property however, these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
76 - C (75) Issued 25 September 2015.
76a - C (70) Issued 25 September 2015.
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
The property has been elected for VAT and therefore VAT is payable on the purchase price. However, a togc should be applicable.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Vickery Holman - Exeter, EX1 on +44 1392 976634 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vickery Holman - Exeter, and do not constitute property particulars. Please contact Vickery Holman - Exeter for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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