12-14 Boulevard 2,120 SF Retail Building Weston Super Mare BS23 1NA $465,538 CAD ($219.59 CAD/SF)

We are offering the freehold of the entire property, with the benefit of the ground floor occupational lease, and the long leasehold interests on the upper floors.
Offers for the freehold are invited in the region of £250,000.
Lease: First West of England Ltd offer a first class financial covenant and occupy on the basis of a ten year lease from February 2025.
Rental Income: First West of England Ltd pay an annual rent of £21,250. The upper floors are on a ‘peppercorn rent’.
The property comprises a ground floor shop/office, extending to 197 sq m (2,120 sq ft), which is occupied entirely by First West of England Ltd. The first and second floors have been developed to provide four residential flats. These have been sold on a long leasehold basis (further details on request).
Weston-Super-Mare is a thriving seaside resort and university town south of Bristol and served by the M5 motorway. It boasts an estimated population of 88,000, which is growing annually, and attracts an estimated tourist spend of £375 million pa, The Boulevard is a secondary retail pitch, populated by shops and businesses. The Boulevard benefits from on street parking and is a short walk from the town’s primary pedestrianised retail pitch on High Street.