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26 The Avenue 1,072 SF 100% Leased Retail Building Minehead TA24 5AZ $213,550 ($199.21/SF) 8.94% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Centrally located mixed use building with commercial tenants in situ
  • Commercial areas totalling an NIA of 1,581sq ft
  • he property is producing an income of £14,300pa plus ground rents of £200pa

EXECUTIVE SUMMARY

A handsome attached building spread over three floors to include two commercial premises at ground floor level, which are let on commercial leases, and four flats, which have already been sold off on a long leasehold basis.
26 The Avenue is let to Brainwave Centre Limited and consists of an external brick paved area to the front elevation, display frontage, open plan sales area with suspended ceilings and inset cat 2 lighting, stores and staff room.
26a The Avenue is let to a private individual and also benefits from a paved external area and is more cellular layout providing offices and stores over the ground floor.
The residential flats have not been inspected as they have been sold off on a long leasehold basis.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,072 SF
Building Class
B
Year Built
1980
Price
$213,550
Price Per SF
$199.21
Cap Rate
8.94%
NOI
$19,086
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories

NEARBY MAJOR RETAILERS

Lidl
Morrisons
Iceland
Co-op
Santander
NatWest
Tsb Bank Plc
Costa Coffee
Tesco Superstore
Chopstix Noodle Bar
  • Listing ID: 38080883

  • Date on Market: 10/15/2025

  • Last Updated:

  • Address: 26 The Avenue, Minehead TA24 5AZ

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