Commercial Property for sale

Minehead

Offers in Region of £360,000

Property Description

Key features

  • Three retail premises with established tenants
  • First and Second Floor Maisonette
  • Centre of Town Location

Full description

Tenure: Freehold

INTRODUCTION

Valuable freehold investment premises for sale situated in a prominent position in The Avenue - currently let and producing an income of �28,420 per annum.

The popular holiday resort of Minehead is situated on the edge of the Exmoor National Park near to some of the very best moorland and woodland countryside where many delightful walks and other country pursuits can be enjoyed. Many of the well known attractions of the West Somerset and North Devon areas are within short motoring distance. Minehead provides good shopping facilities, has First, Middle and Upper schools and has a regular local bus service throughout the year. The West Somerset Steam Railway serves all stations to Bishops Lydeard and there are regular buses serving the County Town of Taunton some 25 miles away which has excellent shopping, leisure and entertainment facilities. Taunton also has direct access to the M5 motorway and is served by a mainline railway station.

The property comprises three lock up shops with a three bedroom maisonette over and is of brick construction under a tiled roof. It is arranged as follows:

ACCOMMODATION

15A The Avenue

Take Away Premises: currently let on a 20 year Lease until the 22nd of June 2022 at a rent of �6,720 per annum with a three year rent review clause on full repair and insuring terms.

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15B The Avenue

Lock Up Shop Premises: currently let on 7 year Lease until the 22nd June 2022 at a rental of �5,500 per annum with a three year rent revision clause on full repair and insuring terms.

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15C The Avenue

Lock Up Shop Premises: currently occupied as a cafe and let on a 17 year Lease until the 22nd June 2022 at a rent of �9,000 per annum with a three year rent revision clause on full repair and insuring terms.

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15D The Avenue

First and Second Floor Maisonette comprising:

First Floor Sitting Room: 4.67m (15'4) x 3.78m (12'5)

Dining Room: 3.77m (12'4) x 4.67m (15'4)

Kitchen: 3.56m (11'8) x 2.47m (8'1)

Bathroom: with WC

Second Floor

Bedroom 1: 4.32m (14'2) x 3.01m (9'11)

Bedroom 2: 4.31m (14'2) x 2.98m (9'9)

Bedroom 3: 3.81m (12'6) x 3.54m (11'7)

The premises are currently let on an assured shorthold tenancy at a rental of �600 per calendar month

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Outside: The property is also being sold with an extensive car parking area to the rear.

Services: mains electricity, water and drainage are connected

Tenure: Freehold

Further information available from the agents Minehead Office - Ref: DJL or JH

Details for property ID 10118 supplied to Rightmove on 17/08/16 at 12:43 pm

Nearest station

  • Rhoose (13.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Chanin & Thomas, Minehead

8 The Parade, Minehead, Somerset, TA24 5UF

01643 669005 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:

Chanin & Thomas, Minehead

8 The Parade, Minehead, Somerset, TA24 5UF

01643 669005 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 (13.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Chanin & Thomas, Minehead

8 The Parade, Minehead, Somerset, TA24 5UF

01643 669005 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.

Disclaimer - Property reference 10118. 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 Chanin & Thomas, Minehead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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