Large freehold block near seafront with conversion and income potential.
Freehold mixed-use corner building, c.2,535 sq ft
A prominent mixed-use corner freehold in Weston-super-Mare offering immediate rental income and clear upside through refurbishment or conversion. The ground-floor retail (former laundrette) will be sold vacant, providing flexibility to re-let or convert to one or two residential units subject to consents. Two upper flats are currently let on ASTs, producing income with scope to increase rents to current market levels after updating.
The building is substantial (approx. 2,535 sq ft) with a large roof terrace and airspace that may allow extension or additional units, subject to planning and statutory approvals. The flats require basic updating; arrangements and layouts could be improved to raise rental yield. Heating is via electric storage heaters and the property has solid brick walls with assumed no insulation, so energy upgrades should be budgeted for.
Location offers town-centre prominence close to the seafront and local amenities, supporting both retail and residential demand. Note the surrounding area scores as very deprived with higher crime levels; this affects tenant profile and management requirements. The sale is by online auction with an extended 8‑week completion and a buyer’s premium payable on exchange, so purchasers should consult the legal pack and organise finance and surveys in advance.