ONLY ONE WEEK ON THE MARKET – TWO OFFERS ALREADY RECEIVED!

Exciting New Development Opportunity – 2 to 12a Waterloo Street Weston super Mare

PART DEVELOPED RESIDENTIAL SITE

Seven Developed One and Two Bedroom Flat, a two bed maisonette and two garage workshops. Three established units and the remainder completed in 2022 to full fire and building regulation standards.

ESTABLISHED DEVELOPMENT INCOME

There is already a strong rental income from the completed units on the site of over £100,000 per annum.

HIGH CONSUMER DEMAND

There has been a strong demand for residential and workshop units in the town centre. All units have been fully let since purchased and constructed.

CURRENT DEVELOPMENT UNDERSTANDING

Agreement in principle for site development is for TWENTY additional flats than those already built. With sizes from one, two and three bedroom flats or town houses. This could be increased to 30 plus residential units with agreement from North Somerset Council.

STUDENT ACCOMODATION

Student accommodation is in high demand after the success and the expansion of Weston College. This development opportunity is a short walk from the college. That could raise the unit number on site to 50 plus, with the correct planning permission.

FREE HOLD SALE WITH STAGED PAYMENTS

The landlord is open to a two stage payment for the development site. With an initial payment, and the remainder at a date to be negotiated. One to two years could be considered.

LARGE PARKING AREA & GARAGES/WORKSHOPS

The is significant large parking area to the rear. That could be configured to hold 20 plus cars. Plus two garages. Currently rented as work shops.

PRICE SUBJECT TO CONTRACT

Offers above £2.95 million

VIEWING ARRANGEMENTS

By email appointment only, please allow 24 hours notice.

PROPERTY NUMBER : 18888