This freehold mixed-use property presents a unique investment opportunity, comprising six residential flats and a substantial retail unit spread over an impressive 5,934 sq ft. Located at the strategic junction of Meadow Street and Alexandra Parade, just moments from the seafront in Weston Super Mare, the property is well-placed for both residential and commercial engagements. The upper floors house six self-contained flats (five one-bedroom and one two-bedroom), with recent renovations to the top-floor flat demonstrating potential for increased rental yields. While one flat has been refurbished, the remaining units will require essential updates to meet modern rental standards, offering significant potential for enhancing their value.
The large ground floor commercial space, currently vacant, could generate substantial income—estimated at around £25k per annum—and there’s possibility for subdivision into smaller units to enhance profitability further. Additionally, planning permission has been secured to create a seventh flat on the first floor, with further opportunities for development on additional floors subject to planning consent. This property not only allows for immediate rental income but also provides avenues for long-term capital growth through redevelopment. Interested investors should refer to the detailed legal pack available online.
