Wellington Square, Minehead, TA24

THE PROPERTY
Extensive ground floor premises formally fitted out and equipped as a banking hall but with a variety of alternative uses (subject to planning approval). The property is situated in a prominent town centre position.

Minehead is a popular West Somerset holiday resort with a busy commercial centre and a host of local shops and services with a resident population of around 12,000.

As presently arranged, the property comprises a large banking hall of 1,257 sq ft of accommodation together with ancillary accommodation of 569 sq ft.

TENURE
The property is offered on the basis of new full repairing and insuring lease for a term of years to be agreed at a rental of £22,000 per annum plus service charge and insurance contribution. Prospective tenants will be required to provide proof of identity, evidence of funds, two trade or professional references, and a CV for the Landlord’s approval. Where the lease is to be taken in a company name, personal guarantors will typically be required.

UNIFORM BUSINESS RATEABLE VALUE
£28,500 As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website.

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

VIEWING
Strictly by appointment through the selling agents.

LEGAL ADVICE
We strongly recommend that a tenant 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 tenant 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 tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.