This property presents a notable redevelopment opportunity in the heart of Weston-super-Mare, currently comprising a former public house accompanied by adjacent retail units. The site comes with full planning permission (ref: 24/P/1642/FUL) for demolition and redevelopment, allowing for a transformative project that could yield sixteen residential apartments across four floors, along with commercial space on the ground level.
The approved development plan is designed to incorporate a mix of one- and two-bedroom apartments, catering to diverse tenant needs while retaining an attractive mixed-use configuration. This layout not only enhances living options but also offers strong potential for generating rental income in a vibrant coastal town.
Positioned prominently at a busy intersection, the property benefits from high visibility and excellent accessibility. Its proximity to the seafront, town center amenities, and major transport links further enhances its appeal as a prime investment location. Developers will find this site particularly attractive due to its potential to revitalize local amenities while addressing housing demand in the area.
Current regulations also indicate that there are no Section 106 obligations or affordable housing requirements tied to this property, streamlining the development process. Additionally, while there is an existing Community Infrastructure Levy (CIL) Liability Notice of £43,569.29 in place, the seller is formally contesting this figure, suggesting that future buyers may benefit from a negotiated reduction.
The property retains certain existing structures and features which could either be repurposed or removed as part of the redevelopment process. It is worth noting that some fixtures and fittings may remain on-site and will transfer with ownership upon legal completion.
Overall, this site represents a unique opportunity for developers and investors seeking to capitalize on an approved project within a rapidly evolving coastal market.
