Land For Sale £275,000
This is an investment opportunity to buy freehold land in the centre of Weston-Super-Mare with pending planning permission.
Development information:
The land is located in the centre of Weston-Super-Mare and planning permission is currently pending for a 2 storey building comprising:
- 3 x studio flats
- 3 x 1-bed flats
- 1 x serviced office
- parking spaces for 4 vehicles
- Access will be provided via Gloucester Street and also from Oxford Street.
The vendor estimates that the gross development value (gdv) after the build is £750,000.
Expected rental income:
The vendor estimates the following rental income:
- Total for 6 flats: £6,000 pcm
- Total for serviced office: £2,000 pcm
- Aggregate total rental income: £8,000 pcm; £96,000 pa
- Expected gross yield: 12.8% pa (based on a gdv of £750,000)
Location information:
- The land is located in the town centre of Weston-super-Mare
- All local amenities can be reached within a short walk
- The beach and pier are also just a short walk from the property
- Weston-super-Mare railway station is 0.4 mile away and can easily be reached on foot
- Quick access to the A370 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Development information:
The land is located in the centre of Weston-Super-Mare and planning permission is currently pending for a 2 storey building comprising:
- 3 x studio flats
- 3 x 1-bed flats
- 1 x serviced office
- parking spaces for 4 vehicles
- Access will be provided via Gloucester Street and also from Oxford Street.
The vendor estimates that the gross development value (gdv) after the build is £750,000.
Expected rental income:
The vendor estimates the following rental income:
- Total for 6 flats: £6,000 pcm
- Total for serviced office: £2,000 pcm
- Aggregate total rental income: £8,000 pcm; £96,000 pa
- Expected gross yield: 12.8% pa (based on a gdv of £750,000)
Location information:
- The land is located in the town centre of Weston-super-Mare
- All local amenities can be reached within a short walk
- The beach and pier are also just a short walk from the property
- Weston-super-Mare railway station is 0.4 mile away and can easily be reached on foot
- Quick access to the A370 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
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