BS232LW
Grove Park Road, Weston-Super-Mare, Somerset, BS23
Opportunity to acquire a residential portfolio of three properties providing specialist supported accommodation in the South West. Ideally located in attractive areas of Pawlett, Weston-Super-Mare, and Eastington. Comprising 8,568 SQ FT (795 SQ M) GIA. All three properties are let on an identical 20-year FRI lease to Westmoreland Supported Housing Limited, with annual CPI-based rent reviews on 1 April each year, capped at 4%. Rent received £184,817 per annum. (Based on January 2026 topped-up rent). All leases expire December 2041 (16 years unexpired) with a landlord option for the tenant to take a new 20 year lease at expiry (36 years unexpired term). Fully underpinned by vacant possession values. Guide Price £2,317,000 (Two Million Three Hundred and Seventeen Thousand Pounds) subject to contract excluding VAT. Net Initial Yield of 7.5%