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Worthy Place, Weston-Super-Mare *Guide Price £200,000 - £250,000

  • Commercial investment opportunity
  • Centrally positioned two storey office building
  • Providing 351 sqm of A2 office space
  • Currently let to the Salvation Army Employment Centre
  • Let at circa £20,00 pa on rolling FRI lease
  • Potential for lease renewal
  • Current rateable value £16,250 pa
  • Surrounding buildings mostly 3 storeys & mixed use
  • Offers close proximity to Weston College
  • Increased demand for town centre student accommodation
  • Potential for residential conversion subject to planning

*For Sale by Auction on Thursday 13th July* *Guide Price £200,000 - £250,000* 351sqm office building in Weston-super-Mare town centre let at circa £20,000 pa, offering close proximity to the Sea Front and Weston College. Residential conversion potential (STP)


Worthy Place
Weston-Super-Mare BS23 1LY
County: North Somerset
Sale Type: For Sale
Ref #: MB000242
Last Updated: Wednesday, 21 June 2017 13:20

Description

This a two storey office building in a central position within the town of Western-super-Mare. The property is currently let at circa £20,000 p.a. to the Salvation Army Employment Centre on a rolling full repairing and insuring lease. The Weston College Knightsone campus and the new Law and Professional Services Academy at the Winter Gardens combined with the recent university status means that there will be high demand for student accommodation within the Town Centre and the buildings location makes it a prime example for conversion, subject to planning, should it ever become vacant.

Key Points

• Commercial investment opportunity • Centrally positioned two storey office building • Providing 351 sqm of A2 office space • Currently let to The Salvation Army Employment Centre • Let at circa £20,000 pa on rolling FRI lease • Potential for lease renewal • Current rateable value £16,250 pa • Surrounding buildings mostly 3 storeys and mixture of residential & commercial • Offers close proximity to Weston College • Increased demand for town centre student accommodation • Potential for residential conversion subject to planning • EPC – D

Viewings

By Appointment with Auction House Bristol & West Tel. 0117 946 4949

Buyer's Admin Fee

All lots are sold subject to a non-refundable Buyers Admin Fee of 0.25% of the purchase price (subject to a minimum fee of £594) on the fall of the gavel/exchange of contracts

For Sale by Auction

On Thursday July 13th at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.

Legal Pack

A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.


Worthy Place
Weston-Super-Mare BS23 1LY
County: North Somerset
Sale Type: For Sale
Ref #: MB000242
Last Updated: Wednesday, 21 June 2017 13:20

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Worthy Place
Weston-Super-Mare BS23 1LY
County: North Somerset
Sale Type: For Sale
Ref #: MB000242
Last Updated: Wednesday, 21 June 2017 13:20
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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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