Townsend Road, Minehead, Somerset, TA24

Commercial Property
For Sale ££395,000 Asking Price

Key Features

Freehold residential investment premises
A substantial well maintained Victorian house in multiple occupancy
8 letting rooms (3 with ensuite facilities)
Good decorative order accommodation arranged over three floors
Gas fired central heating and double glazing to the rear
Good sized car parking area

About This Property

An opportunity to acquire substantial and well maintained freehold residential investment premises available as a house in multiple occupation with eight letting rooms (three with ensuite facilities).

The premises have a healthy occupancy rate and with gross income potential of approximately £45,000 per annum based on the full occupancy of the accommodation (a schedule of the incomes from each room is available from the Agents Minehead Office. The property comprises substantial semi detached Victorian house in good decorative order throughout with fully modernised communal kitchen and bathrooms. It is stone construction under a slate roof and has the benefit of gas central heating with double glazing to the rear.

The accommodation is arranged over three floors and is set out on the attached floor plan with the benefit of a spacious Ground Floor Entrance Hall having security entry system, fully fitted communal Kitchen and Utility Room, along with eight letting rooms, three of which have ensuite facilities, and communal Shower Room with WC.

Outside is a good sized Car Parking Area with space for approximately five vehicles and to the rear is a paved courtyard area providing useful amenity space for the residents.

Services: mains electricity, water, drainage and gas.

Agents Note

1: A schedule of the current lettings and income is available from the Agents Minehead Office (as at the 1st October 2019).

2. 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:

a. 15 High Street, Wiilliton - residential investment of 3 self-contained flats let on assured shorthold tenancies - Price £275,000.
b. 15 The Avenue, Minehead - mixed commercial and residential investment for sale comprising a self-contained maisonette and three shops let on assured shorthold tenancies - Price £375,000.
Further details available from the Agents Minehead Office.

The seaside town of Minehead is commonly known as the gateway to the Exmoor National Park where there are many interesting walks and other country pursuits to be enjoyed. The town boasts a wide range of shopping, leisure and recreational facilities along with First, Middle and Upper Schools. The County town of Taunton is approximately 25 miles distance with its wider range of shops and access to the motorway network and mainline railway station. Many of the renowned attractions of West Somerset and the Exmoor National Park are also within short motoring distance along with the rugged North Devon coast line.
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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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