Goodman & Lilley land & new homes are delighted to bring to market this prime investment opportunity, a wonderful two bedroom apartment and office premises arranged over two floors, set in in a unique location nestled between the Lake Grounds, High Street and the vibrant Marina.
Offering combined accommodation of 1,651sq. ft arranged over three floors with the lower ground floor and entrance floor currently being used as business premises. A two bedroom apartment occupies the first floor with a private entrance. The property now provides its next owner a wide range of opportunities to explore from continuing the current arrangement as an investment income or transforming the current office space into residential accommodation. These possibilities are subject to relevant planning permissions however no planning applications have been proposed at this time.
Open-plan office space providing ample room for several desks and waiting area, cloakroom and kitchen facilities to the entrance floor, stairs descend down to a further office space currently being used as meeting space with a kitchenette and access to the rear of the property.
The light and airy accommodation in brief comprises of: private entrance hall with stairs rising to the first floor landing, open-plan living/dining/kitchen area, two double bedrooms and a family bathroom.
Please refer to floor plan for approximate room measurements and internal layout.
Combined annual income of £17,839 producing a yearly gross yield of 4.96%
Further information can be provided on the length of tenancy and breakdown of costs on request.
To the rear of the property is a low maintenance rear garden which benefit from rights of vehicle access over neighbouring property providing the potential to create off street parking to the rear of the building. This access should be checked via your legal representative before committing to an exchange of contracts.
The property is currently occupied by a financial investment company (A2 Use Class). Alternative uses such as A3 (Restaurant/Cafe) or D1 (Nurseries/Health Care/Education) may be suitable, subject to obtaining the necessary planning consents.
Contact us on 01275 firstname.lastname@example.org for your appointment to view.
Viewings are available during the following times, Mondays and Saturdays, however we will endeavour to accommodate viewings outside of the times however due to the nature of the business working during office hours we may not be able to do so. On occasion we may only be able to gain access to just one section of the property and therefore a separate appointment maybe required to view the other part of the property.
The flexible nature of the property offers its next owner the opportunity to create a number of alternative options. We have created a floorplan to show one of the options that are available. Any purchaser looking to create this layout or make any structural changes would need to take advice from a structural surveyor, before making any alterations and then need to acquire all the necessary building certification and planning approvals from North Somerset Council 01934 888888.
Contact our Portishead office
01275 430 440