Commercial property for sale in Oxford Street, Burnham-On-Sea, Somerset TA8

For sale by Public Auction on Thursday 16th May 2024 at Leigh Court, Pill Road, Abbots Leigh, BS8 3RA and online at 7.00pm.

A great opportunity to acquire an end of terrace, mixed use, freehold commercial/residential premises in the heart of Burnham-on-Sea. The property consists of a ground floor commercial unit and a residential first floor one bedroom apartment, providing an interesting investment opportunity. The flat comprises; a light and bright living/dining room, separate kitchen, double bedroom and bathroom. The commercial unit is tenanted with a 15 year lease in place from 10th March 2020 (rental income of £15,500 per annum, paid quarterly). Please note, we were unable to access the ground floor commercial premises to take photos and measurements due to the sensitive nature of the business, however we have been provided with a floor plan by the vendor (see below).

The property also benefits from a valuable workshop area which is used by the current vendors as parking. Please note we are offering the freehold of the entire building which includes the ground floor commercial unit and first floor one bedroom residential apartment. 97a is a separate flat which is on a long leasehold title and is not included in the sale.

Burnham-on-Sea is a popular coastal town which offers a bustling high street with shops, restaurants, banks and more. The M5 Motorway (Junction 22) is within easy reach giving excellent commuting links to Taunton, Bristol and beyond. There is a mainline railway link at the neighbouring Highbridge town and Bristol International Airport is approximately 20 miles away. Commercial EPC Rating D84, Business Rates may apply. Residential EPC Rating E50 for 97b, Council Tax Band A.

Auction Details:

• Venue: Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA (there is plenty of free parking)

• Date: Thursday 16th May 2024

• Start Time: 7:00pm

• Bidding Options: In room, online, proxy, telephone

*Guides are provided as an indication of each seller's minimum expectation, they are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide.

Ground Floor Commercial Premises - 97

(Currently tenanted by a funeral directors) Could not gain access to take photos and measurements due to the sensitive nature of the business.

First Floor Apartment - 97B

Entrance

Communal entrance door and stair flight rising to the first floor and apartment 97b.

Hallway

Doors to principal rooms, storage cupboard housing hot water tank, ceiling light.

Living / Dining Room

A light and bright living space with two UPVC double glazed windows, door to kitchen, electric heater, ceiling light.

Kitchen

A range of wall and floor units with worktops and tiled splashback over, inset stainless steel sink and drainer, space for appliances, ceiling light.

Bathroom

Low-level WC, wash hand basin and pedestal, panel bath with electric shower over, timber framed single glazed window, electric heater, ceiling light.

Bedroom One

UPVC double glazed window, electric heater, ceiling light.

Tenure

Freehold of the entire building which includes the ground floor commercial unit and one first floor one bedroom residential apartment. Please note 97a is a separate flat which is on a long leasehold title and is not included in the sale.

Services

Ground Floor Commercial Premises - Mains electric, gas, drainage, water.
First Floor Apartment - Mains electric, drainage, water.

Please Note

If you are attending the auction in person there is plenty of free parking at the venue.

The commercial unit is currently tenanted and the property is being sold with the tenants in situ.

The integrity and structure of the property is ‘sold as seen’ and in addition there may well be some fixtures, fittings and chattels left at the property which will become the responsibility and ownership of the purchaser upon legal completion of the transaction.