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141 Milton Road

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BS22 8AA Weston-Super-Mare
Ref: 12517

  • 7,395.00 ft² (687.02 m²)
  • 975,000
  • 7.03 Initial Yield

Description

Description

• Freehold Retail Investment Opportunity

Investment Summary

  • Weston Super Mare is a busy town with a large retail catchment area.
  • Prominent roadside location on main road into the town centre.
  • New convenience store that practically completed in February 2018.
  • Total rent roll of £72,500 per annum.
  • 59% of the income is secured to Radstock Co-operative for a minimum of 14.92 years.
  • Offers are sought in excess of £975,000 (Nine Hundred and Seventy Five Thousand Pounds)
  • Attractive.

Description

The property provides two ground floor commercial units and office suites at first floor level. Unit 2 occupied as a convenience store has recently been extended and practically completed in February 2018. Unit 3 has been sold off on a long leasehold
basis to the owner occupier.
The first floor offices are vacant and are to be sold off separately. The specification of the offices includes raised carpeted floors, central heating with wall mounted radiators, double glazed windows and fluorescent strip lighting. We are of the opinion the offices have potential to be converted into residential accommodation subject to gaining the required consents.
The property provides 29 associated car parking spaces including 2 designated disabled spaces and designated cycle spaces which are shared between the occupiers.

Location

Location

The development is prominently positioned off Milton Road, one of the main access roads leading into Weston Super Mare town centre. The area surrounding the property is predominantly residential providing a strong catchment area for the existing occupiers.

Energy Rating

Energy Rating

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Contact

Contact
Ross Wigley
Simon J Bennett

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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