Commercial Property to rent

Friday Street, Minehead, Somerset, TA24

£25,000

Property Description

Letting information:

Date available: Now
Letting type: Commercial

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 with the owner's apartment above the main shop and above the adjoining barbers' shop and approached from the rear. 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 £158,000 per annum, showing a gross profit of £41,486. 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:

GROUND FLOOR 

MAIN SHOP INTERNAL FRONTAGE 
5.05m x 7.92m
The shop narrows to the rear to 11'. The shop will be comprehensively equipped with counter, servery and shop fittings including display cabinets and shelving. To the rear a door gives access to -

INNER LOBBY 
1.93m x 3.58m
Beyond this

UTILITY/NEWSPAPER SORTING ROOM 
3.91m x 3.05m
With a door to the outside. Beyond this steps lead to

FURTHER STORAGE AREA 
5.56m x 3.0m
Loft access over for further storage purposes.

SERVICES 
Mains electricity, water, drainage.

RATEABLE VALUE 
£7,900 PA. UBR, as of April 2017, 47.9p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.

VIEWING 
Strictly by appointment through the selling agent.

VAT 
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC

WEBBERS DO NOT JUST SELL HOUSES 
Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.

WANT TO KNOW MORE? 
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk

More information from this agent

Nearest station

  • Rhoose (13.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Minehead

9 Floyds Corner, Minehead, Somerset, TA24 5UW

01643 669000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Webbers Property Services, Minehead

9 Floyds Corner, Minehead, Somerset, TA24 5UW

01643 669000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Rhoose (13.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Minehead

9 Floyds Corner, Minehead, Somerset, TA24 5UW

01643 669000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference MIN150402. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers Property Services, Minehead.

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