Summary - Flat, 25, Baker Street BS23 3AA
3 bed 3 bath Flat
Seaside mixed‑use block with income and conversion potential, sold at online auction..
Freehold mixed‑use corner building, 2,535 sq ft
A prominent Victorian mixed‑use corner building in central Weston‑super‑Mare offering clear income and development potential. The freehold 2,535 sq ft block comprises a large ground‑floor retail unit (formerly a launderette) plus two upper‑floor flats, currently let on ASTs, and a substantial roof terrace and airspace with scope for extension or conversion (subject to consents).
This lot suits an investor or small developer prepared to carry out basic updating and reconfiguration. The ground floor will be sold with vacant possession and could be converted into one or two residential units to increase yield; the two flats already produce rental income with immediate uplift potential to align with current market rents.
Buyers should note material considerations: the building requires renovation and basic updating, heating is by electric storage heaters, walls are likely uninsulated solid brick, and the flats have double glazing installed post‑2002. The property sits in an area with high crime and marked deprivation, which will affect lettability and resale values; due diligence including the legal pack and local enquiries is essential.
The lot is offered for sale by live online auction with a buyer’s premium payable on exchange. Completion is on an extended eight‑week timetable. This is a hands‑on opportunity for investors seeking a centrally located seaside block with immediate income and clear scope for value‑adding works.
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