Bridgwater Road, Lympsham, Weston-super-Mare, BS24

Commercial Property
For Sale ££975,000 Asking Price

Key Features

Freehold.
Prominent roadside location fronting the A370.
A site totalling 1.02 acres.
Mores Showroom: Vacant. 2,759 sq ft to include kitchen.
Motorhome Showroom: Occupied. 1,844 sq ft to include workshop and car port plus 15 motorhome display spaces. Let on a 6 monthly contract totalling £35,000 per annum.
Offices: vacant. 1,128 sq ft to include stores and kitchen.
Suitable for owner occupation, investment or redevelopment for commercial or residential use.
Available with or without vacant possession of the motorhome showroom areas.

About This Property

- Freehold.
- Prominent roadside location fronting the A370.
- A site totalling 1.02 acres.
- Mores Showroom: Vacant. 2,759 sq ft to include kitchen.
- Motorhome Showroom: Occupied. 1,844 sq ft to include workshop and car port plus 15 motorhome display spaces. Let on a 6 monthly contract totalling £35,000 per annum.
- Offices: vacant. 1,128 sq ft to include stores and kitchen.
- Suitable for owner occupation, investment or redevelopment for commercial or residential use.
- Available with or without vacant possession of the motorhome showroom areas.

Location
Direct frontage onto Bridgwater Road, the A370, between Burnham-on-Sea and Weston-super-Mare, the main A-road arterial route between towns. The site is located on the outskirts of Weston-super-Mare, approximately 4.5 miles south of the town centre.

The M5 is approximately 4.8 miles to the south, with the county town of Taunton only 24.1 miles away and Bristol city centre only 27.1 away.

Weston-super-Mare is a large coastal town in North Somerset with a resident population of approximately 83,500. The town continues to expand with the new housing developments under construction. Communication links are good with the M5 nearby making the town suitable for commuters.

Accommodation
Mores Showroom: 256.27 sq m 2,759 sq ft
Mores Building: 104.84 sq m 1,128 sq ft
Warehouse: 178.54 sq m 1,952 sq ft
Motorhome Showroom: 170.40 sq m 1,844 sq ft
Total 710.05 sq m 7,683 sq ft

The first floor two bedroom residential flat has a gross internal measurement of 138.67 sq m / 1,493 sq ft.

Tenancies
Mores Showroom: Vacant. Potential income of £33,000 per annum.

Mores Building: Vacant. Offices with a potential income of £8,800 per annum.

Motorhome Showroom and Forecourt: Currently let at £35,000 per annum with only 6 months notice required by either side. The landlord has informed us the tenants are interested in leasing for a further 5 year term should this be of interest.
Warehouse: Vacant. Potential income of £12,000 per annum.

Residential Flat: Vacant. Potential income of £750 pcm, i.e. £9,000 per annum.

Description
The Mores showroom is open plan with a modern fully fitted kitchen, disabled WC and parking to the front. The Mores Building is an office building spread over two floors with office, stores and server room at ground floor level with offices and kitchen at first floor level. The Motorhome showroom is open plan with a workshop to the rear, carport/storage building, 15 display bays to the front and side along with parking.

The warehouse is located to the rear for the site and is of modern construction with offices, mezzanine stores and disabled WC. Further yard space is available to the rear and side of the site.

The separately accessed two bedroom flat is accessed at the rear, above the Motorhome showroom consisting of a living room, kitchen/diner, two bedrooms (one with an ensuite shower room) and a family bathroom. Parking is also available to the rear.

Services
Mains electricity, gas and water are connected. A sewerage treatment plant is located onsite for drainage.

Rates
The rateable values are as follows:-
Showrooms and Warehouse: £29,500 per annum.

Mores Building £18,250 per annum.

Residential Flat: Band B.

Energy Performance Certificates
The premises’ have the following Asset Ratings:-
Offices and Garage: B(36)
Residential Flat: D(68)

Full copies of the EPCs are available on request.

Proposal
The whole property is available freehold at a guide price of £975,000 exclusive of VAT.

This price reflects a net initial yield of 9.49% net of purchasers costs at 5.72% when the site is fully let assuming a total income of £97,800 per annum.

VAT
The property is elected for VAT, therefore VAT will be payable on the purchase price.

Viewings
Strictly by arrangement with sole agents:
Duncan Brown / Joseph Hughes
Greenslade Taylor Hunt, 9 Hammet Street, Taunton, TA1 1RZ
T: 01823 334455 | E: duncan.brown@gth.net / joseph.hughes@gth.net
Read More

Contact Taunton Commercial Property

9 Hammet Street Somerset Taunton TA1 1RZ

Meet your Agent

Joseph Hughes Associate  Full Bio 01823 334455 07725 955437
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