House For Sale £350,000
Seafront investment opportunity, Located on Weymouth Esplanade is this Period Grade II Listed Freehold property with a Cafe on the ground floor and the upper floors are arranged as Two Self Contained Flats accessed from St Mary Street at the rear, Historically the upper floors was a four bedroom flat that was split without planning permission over 10 years ago. The first floor is arranged as a small one bedroom flat with sea views from the living room bay window, the second & third floor maisonette is arranged as a spacious 2 bedroom flat with sea views from the Lounge & Bedrooms 1. Currently the property is fully let generating £25,550 per annum and is due to climb to £26,300 per annum later in 2023. The cafe is located in a great trading position for the summer months opposite to Weymouth beach and the flats upstairs enjoy fantastic views across Weymouth Bay.
Cafe (7.81m x 4.35m (25'7" x 14'3"))
Trading as Cafe Blue, held on a 5 year lease commencing on the 13th September 2020 at a current rental of £11,750 pa for year 3 and climbing to £12,500 for years 4 and 5.
Kitchen 2.93m (9'7") x 1.75m 95'8") WC, Basement storage with limited head height and access to rear yard
First Floor Flat
First floor flat is a small one bedroom flat with sea views from the bay window in the Living Room / Kitchen. Let at £525 pcm including electricity gas and water
Second & Third Floor Flat
2nd and 3rd floor flat is a spacious two bedroom flat with bay window and sea views across Weymouth Bay from the Lounge and Bedroom 1, gas central heating
Let at £625 pcm including electricity gas and water. Tenants have been in occupation for 12 years
Cafe (7.81m x 4.35m (25'7" x 14'3"))
Trading as Cafe Blue, held on a 5 year lease commencing on the 13th September 2020 at a current rental of £11,750 pa for year 3 and climbing to £12,500 for years 4 and 5.
Kitchen 2.93m (9'7") x 1.75m 95'8") WC, Basement storage with limited head height and access to rear yard
First Floor Flat
First floor flat is a small one bedroom flat with sea views from the bay window in the Living Room / Kitchen. Let at £525 pcm including electricity gas and water
Second & Third Floor Flat
2nd and 3rd floor flat is a spacious two bedroom flat with bay window and sea views across Weymouth Bay from the Lounge and Bedroom 1, gas central heating
Let at £625 pcm including electricity gas and water. Tenants have been in occupation for 12 years
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