Investment | Development | Wsm

This Freehold property features a block of 6 self-contained flats alongside a substantial retail unit, offering significant renovation and investment potential in a prime location near Weston-super-Mare seafront. The commercial space, comprising approximately 5,934 square feet, is currently vacant but has potential to generate an estimated annual income of around £25,000, with the possibility to subdivide into smaller units. The upper floors consist of five one-bedroom and one two-bedroom flat, with one recently refurbished top-floor flat setting a standard for modern living. While recent work has been completed on the roof and exterior, the remaining flats would benefit from basic updates to maximize rental income opportunities. Additionally, planning permission has been granted for creating an additional flat on the first floor, and there is scope to explore further development through additional consent applications for further conversions. This property offers a compelling opportunity for investors or developers looking to capitalize on its strategic location and existing planning permissions.