The Parks, Minehead, TA24
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed commercial/residential property
- Fully tenanted - Ground floor retail unit, five bedsits and one apartment
- Retail Unit: 566 sq ft of retail space, 234 sq ft of storage, plus a staff cloakroom
- Total gross income: Approximately £36,720 per annum
- Lease details available upon request with landlord’s permission
- Promises a lucrative investment with steady income potential
Description
Eye catching location fronting onto the main eastern approach road into the town centre with a good frontage and window display.
Minehead is often referred to as the 'Gateway to Exmoor National Park' and has a population of about 12,000 which is boosted throughout the year with the influx of tourists who enjoy the beaches and staying at Butlin's Holiday Resort.
It has a wonderful long flat sandy beach, a charming harbour, a bustling town with independent shops and cafes and heritage attractions.
Just a short stroll from the seafront you'll find Blenheim Gardens, Minehead's largest park.
THE PREMISES
This is a mixed commercial/residential investment for sale. The premises are currently all fully tenanted and include a ground floor retail unit and 5 bedsits and one apartment to the first floor. The shop is let on short term 2 year lease (with the option of a further year). Leases are held in the Webbers Commercial office and can be requested with Landlords permission along with the rental figures. This freehold property promises a lucrative investment with steady income potential. Please note this property is in a conservation area.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
COUNCIL TAX BAND
A&B
VIEWING
Viewing strictly by appointment with the sole selling agent.
BUSINESS RATES
£6,700 UBR, as of April 2023, 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.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
SERVICES AND UTILITIES
Mains electricity, water and drainage.
We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
AGENTS NOTE
*We have been verbally advised by the vendor that there is an exemption on the EPC ratings for the flat and the bedsits. Originally rated F&G.
This exemption is held for 5 years from 23rd of August 2024. Contact our office for more information.
From our Webbers offices in Minehead turn left and at the junction turn left again onto Park Street. Follow the road along for a hundred yards and number 3 Park Street can be found on the left hand side.
SERVICES
Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Please contact our Commercial office on if you wish to arrange a viewing appointment for this property or require further information.
RATEABLE VALUE
£6,700 UBR, as of April 2023, 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. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Parks, Minehead, TA24
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Visit our security centre to find out moreDisclaimer - Property reference COM250017. 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. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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