LOT 37

81-83 Meadow Street, Weston-super-Mare, Somerset, BS23 1QL

FREEHOLD COMMERCIAL AND RESIDENTIAL INVESTMENT
Guide price: £225,000 - £250,000*

Auction Date

Monday, 10th December 2018 11:00am

BY ORDER OF M GETLIFFE & D HILL OF CLB COOPERS LTD AS JOINT RECEIVERS

Location & Description

A pair of terraced properties arranged as a single ground floor commercial unit with two self-contained flats above.
On the north side of Meadow Street close to other local retailers and a short distance from the High Street and town centre.

Accommodation

81A: 2 rooms, kitchen, bathroom/WC
Subject to an AST (holding over) at £6,840 p.a.
83A: 2 rooms, kitchen, bathroom/WC
Subject to an AST for 6 months from September 2018 at £5,940 p.a.

Ground Floor: Retail/Commercial Area: 1,340 sq ft (124.6 sq m)
Let to North Somerset Council as a Children's Centre for a term of 10 years from 2018 at £11,000 p.a.
The tenant has a rolling break clause on every second anniversary.

EQUIVALENT TO £23,700 p.a.

Status

Sold for £225,000

Joint Auctioneer

The Property Source Tel: 01934 628285 Attn: Dean Smith

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.