We also advertise on
On The Market
Zoopla.co.uk
Prime Location
We are members of
Members of The Property Ombudsman - SalesMembers of The Property Ombudsman - Lettings

Property Details

View Brochure
View EPC
View location map
Return to results
Attention all investors
£250,000
1 bedroom

Map


Meadow Street
  • Double Glazing
  • Fully occupied by working tenants
  • Gas central heating
Freehold property comprising ground floor commercial unit occupying 81 & 83 Meadow Street currently let to North Somerset Council on a long term lease. There are 2 large 1 bed flats above that are both let out.

The income per annum is £23780 proving a return of 9.5% based on the asking price.
Flat One
Large 1 bedroom flat comprising of large lounge diner, Kitchen diner, bathroom and double bedroom. Could be converted to 2 bed.
Gas central heating double glazing, currently let out at £570 pcm.
Flat Two
Generous 1 bed flat with bathroom, double bedroom, lounge diner, kitchen diner. Gas central heated and double glazing currently let at £495 pcm.
Ground floor commercial unit
Developed and arranged 10 years ago by current tenant North Somerset Council who use if as a Children's Centre an in demand community resource. There is an existing 9 and a half years on the lease and the rent is £11,000 per year. This element to the property is substantial covering the ground floor of 81 and 83 Meadow Street .
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.