WESTON'S former TJ Hughes building is due to be sold by auction this month.
This "prime property" on 17-21 High Street will be available for sale by auction on Wednesday, March 27, at Leigh Court.
This "exciting investment opportunity" is up for a guide price of £1,500,000.
Planning permission has already been granted for the development of 40 residential apartments, four ground floor retail units, and 10 parking spaces.
Marketed by David Plaister Ltd Auctions, the property's description on Rightmove reads: "Are you in search of an exciting investment opportunity? Look no further! We are delighted to present this prime property, the former T J Hughes building, available for sale by public auction on Wednesday. March 27 2024 at Leigh Court, Pill Road, Abbots Leigh, Bristol, BS8 3RA, as well as online at 7:00pm.
"17-21 High Street offers tremendous potential for growth and profitability.
"Planning permission has already been granted for the development of x 40 residential apartments, x 4 ground floor retail units, and x 10 parking spaces.
"The vendor has advised that business rates have been removed and the sale price is subject to VAT.
"Situated within the centre of Weston-super-Mare, this property boasts a convenient location just moments away from the seafront and beach. Residents of the development will enjoy the benefits of excellent transport links and an array of amenities right at your doorstep.
"The upper floors of the property offer pleasant views of the coastline.
"The development is set to feature 1 and 2 bedroom apartments, providing a modern and comfortable living experience. Works are to include demolition of existing third floor and erection of extended third floor; insertion of new and replacement of existing windows and doors; creation of balconies to flats.
"Don't miss out on this iconic site's transformation, offering both a home and a coastal lifestyle for its new residents.
"The integrity and structure of the property is 'Sold as seen' and in addition there may well be some fixtures, fittings and chattels left at the property which will become the responsibility and ownership of the purchaser upon legal completion of the transaction.
"If you are attending the auction in person there is plenty of free parking at the venue."
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