Langport Road - Fantastic Investment Opportunity

Saxons are very pleased to offer this substantial investment opportunity located in the Southward area of Weston super Mare that has been successfully run with great care and attention for the last 45 years by the current vendor. The property consists of 13 letting units comprising 8 bedsits, 3 flats and 2 studio flats all currently let and will return in excess of £80,000 in 2024/2025. This will be sold as an ongoing concern.

DESCRIPTION
This is well established business that has been run by the current vendor with great care and attention for over 45 years. The property is located in the Southward area of Weston super Mare and offers great commuter links within walking distance, easy access to the Town Centre, and is also a short level walk to local parks, amenities and beach. The property itself is made up of 13 letting units comprising 8 bedsits, 3 flats and 2 studio flats. The property is displayed over 3 three floors with the 2 studio flats being built after obtaining planning permission in 1986.

ANNUAL INCOME
Following a rent increase in April 2024 the gross profit of £76,620 plus electric bills of £5,000 totalling £81,200.

USEFUL INFORMATION
Registered as an HMO with the local authority since it`s inception almost 20 Years ago. Last registered in October 2023 next renewal due in 2028
Annual Gas Certificate next due 18/01/2025
Annual Fire Certificate next due 13/02/2025
5 Yearly Electrical Inspection next due 07/01/2026
Energy Performance Certificate due 12/04/2027
Tenants cover their Council Tax
All rooms are currently let with a majority of tenants being long standing.

CONCESSIONS WITH TENANCY
The landlord is responsible for providing within the rent hot water and heating for 8 bedsits and 3 flats, the top 2 studios have their own combination boilers.

GROUND FLOOR
The two properties that make up 4 & 6 Langport Road, each have retained it`s own entrance and are internally linked on the first floor.

UNIT 1 - Single room with Kitchen
Front aspect bay window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 2 - Single room with Kitchen
Rear aspect window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 3 - Self Contained Unit
Living/sleeping area
Side aspect window. Built in wardrobes. Door to
Kitchen area
Side aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker. Door to
Utility area
Rear aspect window. Base level units with work top surface over. Door to rear garden and door to
Shower room
Comprising shower cubicle, pedestal wash hand basin and low level WC.

UNIT 4 - Single room with Kitchen
Front aspect bay window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 5 - Single room with Kitchen
Rear aspect window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 6 - Self Contained Unit
Living/sleeping area
Side aspect window. Door to
Kitchen area
Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker. Door to
Storage area
Rear aspect window. Base level units with work top surface over. Door to rear garden and door to
Shower room
Comprising shower cubicle, pedestal wash hand basin and low level WC.

FIRST FLOOR

FIRST FLOOR LANDING
Stairs rising to second floor. Doors to Units 7, 8, 9 and communal bathroom.

UNIT 7 - Single room with separate kitchen
Living/sleeping area
Front aspect window. Door to
Kitchen area
Front aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 8 - Single room with Kitchen
Rear aspect window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 9 - Self Contained Unit
Kitchen/living area
Rear aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker. Door to
Bedroom
Rear aspect window. Door to
Shower room
Comprising shower cubicle, pedestal wash hand basin and low level WC.

FIRST FLOOR LANDING
Stairs rising to second floor. Doors to Units 10, 11 and communal shower room. Door to Unit 9`s bedroom.

UNIT 10 - Single room with separate kitchen
Rear aspect window. Kitchen area fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

UNIT 11 - Single room with Kitchen
Living/sleeping area
Front aspect window. Door to
Kitchen area
Front aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker.

COMMUNAL BATHROOM
Serving 8 bedsits. Side aspect window. Comprising panel bath, pedestal wash hand basin and low level WC.

COMMUNAL SHOWER ROOM
Serving 8 bedsits. Side aspect window. Comprising shower cubicle, pedestal wash hand basin and low level WC.

SECOND FLOOR

SECOND FLOOR LANDING
Doors to Units 12 and 13.

UNIT 12 - Self Contained Unit
Living/Kitchen area
Rear aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker. Combi boiler. Door to
Bedroom
Velux window. Door to
Shower room
Comprising panel bath, pedestal wash hand basin and low level WC.

UNIT 13 - Self Contained Unit
Living/Kitchen area
Rear aspect window. Fitted with a range of eye and base level units with work top surface over. Inset sink and cooker. Combi boiler. Door to
Bedroom
Velux window. Door to
Shower room
Comprising shower cubicle, pedestal wash hand basin and low level WC.

COMMUNAL GARDEN AND LAUNDRY ROOM
To the rear of the property there is a communal garden and laundry room which is charged by the usage.

DIRECTIONS
The postcode for the property is BS23 1YR. If you require further information, please call the office on 01934 624400.

MONEY LAUNDERING REGULATIONS 2017
Intending purchasers will be asked to produce identification, proof of address and proof of financial status when an offer is received. We would ask for your cooperation in order that there will be no delay in agreeing the sale.

Council Tax
North Somerset Council, Band A

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.