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Commercial Property to rent

Friday Street, Minehead, Somerset, TA24

£25,000

Property Description

Full description

LOCATION
Within the popular West Somerset tourist resort of Minehead, often referred to as the 'Gateway to Exmoor National Park' this property is set back from one of the main vehicular approach roads into the town centre.
The resort has a population of approximately 8,000 inhabitants, plus the addition of a further 8,000 tourists who flock to the Butlin's tourist venue within the resort, as well as the many day-trippers throughout the year that visit the town. Friday Street is just off the main avenue, where there are a range of individual independent shopkeepers including bookshops, hairdressers, estate agents etc.

THE PROPERTY
The property comprises of a character Grade II listed building comprising a mid-terraced commercial shop, operating as a newsagents, tobacconist and confectioners. The ground floor retail area offers approximately 143 sq ft of space together with a lobby, sorting room for newspapers and a rear stock room with loft above.

THE BUSINESS
This is a genuine retirement sale of this traditional confectioner, tobacconist and newsagents opening 7 days a week. Opening hours are 5:30am - 5:30pm and closing on Saturday at 4:45pm. Sunday opening is 6:00am - 10:30am. The shop has three newspaper rounds as well as the counter newspaper sales and also sells a range of magazines, stationery, sweets, tobacco and other items.
The turnover is approximately £131,000 per annum. Audited accounts will be made available to those interested parties who have inspected the property.
This is an excellent lifestyle business providing a good income opportunity in this popular resort.
Please note the vendor will consider offering the sale of the freehold for £229,950 (including accommodation) or the rental of the lease of the ground floor shop only based on a term of years to be agreed, on FRI terms at £100 per week plus an ingoing premium of £25,000 and stock at evaluation. Bank and trade references will need to be provided for the landlord's approval.

The accommodation briefly comprising:


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