Freehold Block of Three Flats all with Sea Views and Basement in Weymouth, Dorset DT4 - Excellent Potential with Vacant Possession
A rare opportunity to acquire a substantial freehold investment property in an enviable position, just approximately 100 yards from Weymouth's renowned golden sandy beach and vibrant seafront.
The property is currently arranged as three self-contained apartments, comprising a spacious two-bedroom apartment on the ground floor with a courtyard garden, a one-bedroom apartment on the first floor, and a further one-bedroom apartment on the top floor.
Occupying an exceptional coastal position, the principal rooms within each apartment enjoy delightful sea views, providing an attractive feature for both owner-occupiers and tenants alike.
While the property would benefit from some minor cosmetic updating and redecoration, it offers enormous scope to enhance both its presentation and value. It represents an exciting opportunity for investors or developers seeking to create a premium coastal asset.
A particular highlight is the substantial basement extending to approximately 450 sq m, presenting outstanding development potential, subject to the necessary planning permissions and building regulations. Whether considered for additional accommodation, leisure facilities, storage, or an alternative use, this impressive space provides significant scope for future enhancement.
Combining a highly sought-after seafront location, excellent sea views, flexible accommodation, and exceptional development potential, this is a unique investment opportunity with considerable upside.
The property will be entered into our 12gth August auction which is held online and starts at 8:00AM. You must register to bid and download the legal pack.
PROPERTY FEATURES
. Block of Three Flats
. Freehold with vacant possession
. One Two Bedroom and Two One Bedroom Flats
. Basement with Potential to Develop STP (historically a holiday flat)
. Far Reaching Sea Views for All Flats
. Ideal for AirBNB
. Council Tax Band: A
. Market Value: £475,000+
. Holiday Rental Value Per Month: £4000+ (Air Bnb)
. Assured Tenancy Value Per Month: £3000+
. 28 Day Completion
VIEWING ARRANGEMENTS
The property is available for viewing immediately, please call us on 01202 143399. Please also contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
Freehold
* Buyers Premium Applies
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Impressive Sea Views
Freehold Block
Good Yield
A
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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