3 The Parks 800 SF Retail Building Minehead TA24 5NF $440,446 ($550.56/SF) 11.13% Cap Rate

LOCATION
Eye catching location fronting onto the main eastern approach road into the town centre with a good frontage and window display.

Minehead is often referred to as the 'Gateway to Exmoor National Park' and has a population of about 12,000 which is boosted throughout the year with the influx of tourists who enjoy the beaches and staying at Butlin's Holiday Resort.

It has a wonderful long flat sandy beach, a charming harbour, a bustling town with independent shops and cafes and heritage attractions.

Just a short stroll from the seafront you'll find Blenheim Gardens, Minehead's largest park.

THE PREMISES
This is a mixed commercial/residential investment for sale.

The premises are currently all fully tenanted and include a ground floor retail unit and 5 bedsits and one apartment to the first floor.

The shop is let on short term 2 year lease (with the option of a further year).

Leases are held in the Webbers Commercial office and can be requested with Landlords permission along with the rental figures.

This freehold property promises a lucrative investment with steady income potential.

Please note this property is in a conservation area.

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

COUNCIL TAX BAND
A&B

VIEWING
Viewing strictly by appointment with the sole selling agent.

BUSINESS RATES
£6,700 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

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

SERVICES AND UTILITIES
Mains electricity, water and drainage.
We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
AGENTS NOTE
*We have been verbally advised by the vendor that there is an exemption on the EPC ratings for the flat and the bedsits. Originally rated F&G. This exemption is held for 5 years from 23rd of August 2024. Contact our office for more information.
From our Webbers offices in Minehead turn left and at the junction turn left again onto Park Street. Follow the road along for a hundred yards and number 3 Park Street can be found on the left hand side.