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Investment for sale in Minehead, Somerset, TA24

Offers in Excess of £700,000

  • Investment
  • Investment
  • Freehold

1, 1A, 1B & 1C The Avenue and 2, 2A & 4 Blenheim Road occupies a corner position in a prime location within the main shopping area of Minehead.

The property is in a prime location in Minehead town centre with nearby occupiers such as WHSmith, Boots, Greggs, Poundland, TSB Bank and Iceland.

Minehead is a Victorian seaside town located on the West Somerset coastline on the edge of Exmoor National Park.
Taunton, the county town is only 24 miles away with access onto the M5 motorway at Junction 25 and a mainline railway station with London Paddington service.

The property is in a corner position with The Avenue being the main shopping street of Minehead and Blenheim Road which leads down to the seafront and harbour.

On the ground floor the property is divided up into 3 shops facing onto The Avenue with 2 further shops facing onto Blenheim Road. At first floor is the restaurant which is accessed via The Avenue and also includes a 2 bedroom self-contained flat.

To the rear of the property is a two storey workshop building which is also tenanted and self-contained with its own WC facilities.

Each of the retail units are self-contained with their own toilet facilities and have their own pedestrian accesses from the front as well as the restaurant.

Tenure & Rental
The property is for sale at a guide price of offers in excess of £700,000 subject to the current leases listed in the table which currently has a passing rent of £62,700 per annum which equates to a yield of 8.96%.

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