High Street, Weston-super-Mare *Auction Guide Price £1,500,000 - £1,600,000 Plus VAT

Are you in search of an exciting investment opportunity? Look no further! We are delighted to present this prime property, the former T J Hughes building, available for sale by public auction on Wednesday 27th March 2024 at Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA, as well as online at 7:00pm.

17-21 High Street offers tremendous potential for growth and profitability. Full planning permission has already been approved for the development of x 40 residential apartments, x 4 ground floor retail units, and x 10 parking spaces (planning reference: 23/P/0985/FUL). EPC rating C66, the vendor has advised that business rates have been removed and the sale price is subject to VAT.

Situated within the centre of Weston-super-Mare, this property boasts a convenient location just moments away from the seafront and beach. Residents of the development will enjoy the benefits of excellent transport links and an array of amenities right at your doorstep. The upper floors of the property offer pleasant views of the coastline.

The development is set to feature 1 and 2 bedroom apartments, providing a modern and comfortable living experience. Works are to include demolition of existing third floor and erection of extended third floor; insertion of new and replacement of existing windows and doors; creation of balconies to flats. Don't miss out on this iconic site's transformation, offering both a home and a coastal lifestyle for its new residents.

Please note: 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 vendor has advised that all utility charges have been removed so there are no monthly payments required. Completion is set for 6 weeks following exchange as opposed to the usual 28 days. Services: Mains gas, electricity, water, drainage.

Auction Details:
• Date & time: Wednesday 27th March 2024 at 7pm
• Location: Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA and Online
• Bidding options: In room, online, telephone, proxy.
• If you are attending the auction in person there is plenty of free parking at the venue.

*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.