8 The Avenue, Minehead, Somerset, TA24 5AZ
£72.20 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
7,618 sq ft
708 sq m
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 18TH SEPTEMBER 2025 (UNLESS SOLD PRIOR).
- High Street Location
- Let to Iceland Foods Limited
- FREEHOLD
- Approx. 7,618 sq ft
- Producing £55,000 per annum
- Gross Yield 10%
Description
Located close to the junction with Summerland Road and Blenheim Road in the town's main shopping location and amongst such multiples as Poundland, WHSmith, NatWest, Greggs, Superdrug, Holland & Barrett, The Works, Boots and a host of local traders.
Minehead is a popular seaside town located approx. 20 miles northwest of Taunton, enjoying good road access to the M5 (Junction 23) via the A39.
PROPERTY
A mid terraced building comprising a Ground Floor Retail Unit with Ancillary Accommodation on first and second floor levels.
In addition, the property includes a Front Forecourt and benefits from rear access via Summerland Road to a Loading Area.
VAT is applicable to this Lot
FREEHOLD
ACCOMMODATION
Ground Floor Retail Unit
Gross Frontage 50'0"
Internal Width 46'10"
Built Depth 85'0"
Area Approx. 4,325 sq ft¹
First Floor Ancillary
Area Approx. 2,963 sq ft¹
Second Floor Ancillary
Area Approx. 330 sq ft¹
Total Area Approx. 7,618 sq ft
¹Area taken from VOA
TENANCY
The entire property is let on a full repairing and insuring lease to Iceland Foods Limited (having approx. 970 branches) (T/O for Y/E 28/03/2025 £4.118 bn, Pre-Tax Loss £900,000 and Shareholders' Funds £707m) for a term of 5 years from 28th January 2025 (renewal of a previous lease - in occupation for at least 14 years) at a current rent of £55,000 per annum exclusive.
Tenant's Break January 2028
Note: 6 Week Completion
Energy Performance Certificates
EPCBrochures
8 The Avenue, Minehead, Somerset, TA24 5AZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rhoose Station13.6 miles
Notes
Disclaimer - Property reference Minehead. 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 Barnett Ross, Barnett Ross. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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