The Avenue, Minehead, Somerset, TA24

Commercial Property
For Sale ££375,000 Guide

Key Features

3 Commercial Ground Floor Outlets with
Self-contained well presented 3 bed maisonette above
Maisonette having the benefit of gas fired central heating and double glazing
Ample car parking space
Situated in the town’s main thoroughfare

About This Property

MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT FOR SALE

The property comprises three commercial ground floor outlets (Takeaway, Lock Up shop and Cafe), with external seating area and with a beautifully presented self contained three bedroom maisonette above, along with ample car parking space, situated in a prominent position in The Avenue - Minehead's main retail thoroughfare. The premises are currently let (as at the 1st October 2019), and producing a gross income of £31,420 per annum.

The approximate net lettable floor areas are as follows:

15a The Avenue - 33.75 sq m - 363 sq ft
15b The Avenue - 18.18sq m - 196 sq ft
15c The Avenue - 59.98 sq m - 646 sq ft

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.

15a The Avenue
A takeaway unit currently let to Minehead Kebab Centre via a 20 year full repairing and insuring lease to expire on the 28th March 2031. Current rent £6,720 per annum with 3 yearly upward only rent reviews, the next review being in March 2020.

15b The Avenue
A lock up shop currently let to Scrumdiddlyumptious via a 7 year full repairing and insuring lease to expire on 22nd June 2022. Current rent £5,500 per annum with 3 yearly upward only rent reviews.

15c The Avenue
A lock up shop currently let to Coaster Coffee via a 7 year full repairing and insuring lease to expire on 22nd June 2022. Current rent £9,000 per annum with 3 yearly upward only rent reviews.

Maisonette
The self-contained maisonette has recently been the subject of considerable modernisation and improvement to include the installation of gas central heating, replacement double glazing, redecoration, upgrading of kitchen and shower room. The property is currently let on an assured shorthold tenancy at a rental of £850 per month (as at the 1st October 2019), and the accommodation is arranged as follows:

Hall & Staircase to Landing
cupboard housing gas fired boiler for central heating and domestic hot water and hot water cylinder

Kitchen/Dining Room
part tiled and modernised with extensive range of work surfaces with cuipboards and drawers under, sink unit, four ring electric hob with oven under and splashback over

Shower Room
with glazed cubicle and shower, wash basin, low level WC, central heating radiator

Outside
The property has the benefit of a considerable car parking area providing space for a number of vehicles with accesws to The Avenue.

Services
mains electricity, water, drainage and gas

Council Tax Band
B

AGENTS NOTE
The property forms part of a portfolio of three investment properties in the ownership of the vendor. The other two properties are also available on the open market and comprise:1. 10 Townsend Road, Minehead - a house in multiple occupation with 8 letting rooms - Price £395,000. 2. 15 High Street, Wiilliton - residential investment of 3 self-contained flats let on assured shorthold tenancies - Price £275,000.Further details available from the Agents Minehead Office.
Read More

Contact Minehead Commercial Property

8 The Parade Somerset Minehead TA24 5UF
01823 334455

Meet your Agent

Janet Coates Administrator Full Bio 01643 706666
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