LOT 41

7, 9 & 11 Locking Road, Weston-super-Mare, Somerset, BS23 3BY

FREEHOLD PART VACANT COMMERCIAL INVESTMENT AND 6 FLATS FOR IMPROVEMENT
Guide price: £270,000 - £295,000*

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 substantial end of terrace corner property arranged as 3 lock-up shops with 11 flats above at the junction with Jubilee Road close to Weston-super-Mare mainline station and a Tesco superstore.

Accommodation

Second Floor:
Flat 11: 3 rooms, galley kitchen, bathroom/WC - VACANT
Flat 10: 2 rooms, kitchen, bathroom/WC - VACANT
Flat 9: 2 rooms, kitchen, shower/WC - VACANT
First Floor:
Flat 8: 1 room, kitchen, shower/WC - Let on AST (holding over) at £4,800 p.a.
Flat 7: 1 room, kitchen, shower/WC - VACANT
Flats 1, 2 & 6 : Sold off
Flat 4: 1 room, kitchen, shower/WC - VACANT
Flat 3: 1 room, kitchen, shower/WC - VACANT
Flat 5: Details to be advised
Ground Floor 7 & 9 Retail: 1,460 sq ft (135 sq m) - Vacant
Ground Floor 11 Retail: 385 sq ft (35 sq m)
Subject to 3 year lease expiring May 2018 (holding over) at £4,000 p.a.

EQUIVALENT TO £8,800 p.a. WITH THE BENEFIT OF 2 VACANT SHOPS & 6 VACANT FLATS REQUIRING IMPROVEMENT

Status

Unsold, but is available at £260,000

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.