Studio for sale

Moorland Road, Weston-Super-Mare, North Somerset BS23

For sale by Public Auction on Thursday 26th September 2024 at Leigh Court, Pill Road, Abbots Leigh, BS8 3RA and online at 7.00pm.

**block viewing scheduled for 10th September - Please contact the agent to book a suitable appointment**

David Plaister Ltd are pleased to present a fantastic investment opportunity to acquire this freehold, terraced period property, arranged over three storeys. Set in a prime position and within reach of local amenities and Weston-super-Mare's prolific sea front, the block comprises five apartments, one of which requires renovation, and a rear courtyard, presenting potential for value enhancement.

Sold with tenants in situ (with the exception of Flat 3 which is currently vacant), this property is currently generating a yearly rental income of circa £34,500, with scope for further increase.

This well-positioned home is located in the popular South Ward area and is within reach of the seafront, beach, shops, schools and Weston-super-Mare’s town centre with local amenities close by. For the commuter, excellent transport links are within reach including Junction 21 which provides access to the M5, and from there to most major towns and cities. There is a mainline train station enabling fast access to all major parts of the country and a regular bus service offers transport to most areas of the town and outlying districts. EPC Ratings for Flats 1-5 are E41, E43, E39, D58, E40, Council Tax Band A.

Auction Details:
• Venue: Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA (there is plenty of free parking)
• Date: Thursday 26th September 2024
• Start Time: 7:00pm
• Bidding Options: In room, online, proxy, telephone

*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.

Front Garden

On approach to the property, there is a tiled pathway and area laid to concrete, partly enclosed by stone walls.

Communal Entrance And Stair Flight

Flat One

(Currently tenanted and achieving a rental income of £750.00 per calander month.)

Hallway

Doors to ground floor rooms, electric meter and consumer unit, ceiling light.

Kitchen/Living Room

With wood effect laminate flooring, wall and floor units with worktops and upstands over, inset stainless steel sink and drainer, four ring electric hob with oven under, an extraction hood over, electric heater, UPVC double glazed bay style window, picture rail, coved ceiling, ceiling light.

Bedroom

UPVC double glazed window, electric heater, ceiling light.

Shower Room

Low level WC, enclosed electric shower, wash hand basin over vanity unit, extraction fan, ceiling light.

Flat Two

(Currently tenanted with and achieving a rental income of £725.00 per calander month).

Kitchen/Breakfast Room

Featuring vinyl flooring, an electric heater, a range of wall and floor units, worktops with upstands, an electric four-ring hob with extraction hood over, oven under, an inset stainless steel sink and drainer, space for a fridge freezer, a cupboard housing the electric meter, a UPVC double-glazed window, a UPVC double glazed door to the rear garden, ceiling light, door leading to the inner hallway.

Inner Hallway

A UPVC double-glazed window, ceiling light, doors to principal rooms.

Bathroom

Featuring vinyl flooring, a low-level WC, a wash hand basin with tiled splashback, a panelled bath with a mains-fed shower and shower screen over, part tiled walls, a cupboard housing a hot water tank, extraction fan, ceiling light.

Bedroom

Includes an electric heater, a UPVC double-glazed window, ceiling light.

Rear Garden

A tarmac pathway leading to an area laid to slab patio, enclosed by a timber fence with gated access to an alleyway.

Flat Three

(Currently vacant and in need of rennovation with a potential rental income of £850.00 - £950.00 per calender month, depending on the market conditions at the time of marketing and standard of works).

Hallway

Electric meter, doors to rooms, ceiling lights.

Bathroom

A low-level WC, wash and basin pedestal, panel bath, UPVC double glazed window, ceiling light.

Kitchen/Living Area/Bedroom

A UPVC double glazed window, floor unit with stainless steel sink, ceiling light, built-in storage cupboard.

Flat Four

(Currently tenanted and achieving a rental income of £750.00 per calander month).

Hallway

Doors to rooms, electric meter, ceiling light.

Kitchen/Living Room

A UPVC double glazed bay style window, wood effect laminate flooring, wall and floor units with worktops and upstands over, inset stainless steel sink and drainer, four ring electric hob with oven under, an extraction hood over, picture rail, coved ceiling, ceiling light, door to bedroom, electric heater.

Shower Room

A low-level WC, enclosed electric shower, UPVC double glazed window, wash hand basin over vanity unit, ceiling light, cupboard housing hot water tank.

Bedroom

A UPVC double glazed window, electric heater, ceiling light.

Flat Five

(Currently tenanted and achieving a rental income of £650.00 per calander month).

Hallway

Stairs rising to a useful landing area with a UPVC double glazed window on the half landing, doors to rooms, ceiling light, part sloping ceilings.

Kitchen/Living Room

With wood effect laminate flooring, wall and floor units with worktops and upstands over, with an inset stainless steel sink and drainer, four ring electric hob with oven under, an extraction hood over, part sloping ceilings, decorative fireplace, electric heater, UPVC double glazed windows, ceiling light.

En-Suite

A low-level WC, enclosed electric shower, wash hand basin over vanity unit, extraction fan, wall light.

Bedroom

A UPVC double glazed window, parts sloping ceilings, electric panel heater, ceiling light.

Services

Mains water, electric and drainage.

Tenure

Freehold.

Please Note

If you are attending the auction in person there is plenty of free parking at the venue.

The integrity and structure of the property is ‘sold as seen’ and in addition there may well be some fixtures, fittings and chattels left at the property which will become the responsibility and ownership of the purchaser upon legal completion of the transaction.

The land is subject to a perpetual yearly rentcharge of £4 created by a Conveyance of the land in this title dated 3 January 1905 made between (1) James Partridge Capell and (2) Richard Fear.

The said Deed also contains covenants, please refer to the legal pack.