18 Bed Detached House For Sale

Grove Park Road, Weston-Super-Mare

BS23 2LW

£2,317,000

Added 09 Sep 2025

Property Details

Property Type

Detached House

Bedrooms

18

Location

BS23

Description

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. A purchase at this level would reflect a Net Initial Yield of 7.5%

Location

Map showing BS23 2LW

Nearby Properties

Disclaimer: Property descriptions, images, and related information displayed on this page are aggregated from publicly available sources across the web and presented for informational purposes only. While we strive for accuracy, home.co.uk cannot guarantee that all details are current or complete. This information is provided as a guide only and should not replace professional property advice. We strongly recommend contacting Estate Office Investments Limited directly to verify availability, arrange viewings, and obtain comprehensive property documentation.

Listed by

Estate Office Investments Limited

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