Weston-super-Mare, BS23 2BN | Investment Property for Sale | VES-BS23-001

Opportunity to purchase an apartment in Weston-super-Mare generating £7,200 rent pa & gross yield of 5.3%

£135,000

Apartment

VES-BS23-001

INITIAL INVESTMENT

£40,500

Based on

deposit: £33,750

stamp duty: £4,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,200

GROSS YIELD

5.3%

ADD TO FAVOURITES

Sold

This listing along with over £30 million of other property has been sold since our launch in 2018.

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The property

TENANCY

Tenanted

TENURE

Leasehold

2 bedrooms

1 bathroom

1 reception room

742

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2016
  • Service charge: NIL
  • Ground rent: NIL
  • The freeholder pays all bills for the maintenance of the building including the insurance.

Property information

  • Located on the second floor
  • Large lounge
  • Balcony leading off the lounge overlooking Marine Lake
  • Lift access in the building
  • EPC rating D
  • Monthly rental income £600
  • Tenants have been in situ for over 5 years

Location information

  • The property is approximately a 15-minute walk from the town centre, or 5 minutes by car
  • The seafront and beach are a short walk from the property
  • There are 2 bus stops within a 3-minute walk from the property

Tenancy

RENT

£7,200 p.a. / £600 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

24 months ago

TENANCY AGREEMENT ENDS

Periodic

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Weston-super-Mare, Somerset

Weston-super-Mare is a seaside town in Somerset and lies by the Bristol Channel 18 miles south-west of Bristol. The A370 runs through the town connecting it to the M5 at junction 27.

Weston-super-Mare railway station is located in the centre of town and is operated by Great Western Railway. There are regular local train services from Bristol Parkway which terminate at Weston-super-Mare as well as some semi-fast services between Cardiff Central and Taunton. Additional Great Western Railway trains go all the way to London Paddington whilst CrossCountry operates daily services between Paignton and Manchester Piccadilly.

Bristol Airport is the closest operational airport and is just 15 miles away.

There are plenty of attractions in Weston and the surrounding area offering great opportunities for fun days out. Some of these include Weston’s long and sandy beach with its Grand Pier and traditional beachside promenade, the Helicopter Museum, Weston Museum, Water Adventure Play Park, Noah’s Ark Zoo Farm, Brean Down, Art Deco Tropicana, Wall Eden Farm, Clevedon Pier and Puxton Park.

Other events that attract large numbers of visitors include the ‘International HeliDays’ which are staged at the beach lawns at the end of July in association with the Helicopter Museum as well as an annual display by the Red Arrows. The beach is also the venue for the annual Sand Sculpture Festival. During September and October the Weston Arts Festival takes place taking over local venues offering a wide range of cultural events.

Weston also has two Sites of Special Scientific Interest, Sand Point to the north of town and Ellenborough Park in the centre of town. Only a short drive away one can find the limestone Mendip Hills with the lakes of the Chew Valley which has been designated as an Area of Outstanding Natural Beauty.

With its great transport links to Bristol Weston has become a commuter town over time. However, its closeness to the national motorway networks means that several distribution depots can be found here. Some of the largest employers include North Somerset Council and Weston College.

Manilla Crescent,

Weston-super-Mare,

North Somerset,

England,

BS23 2BN

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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