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To arrange a viewing, please contact our Minehead office on 01643 706666

5 Holloway Street, Minehead
Offers in the region of £175,000



Description

An opportunity to acquire freehold commercial and residential investment premises situated close to the town centre comprising a self contained spacious two bedroom first floor flat with two ground floor shops all currently occupied and producing an income of £1170 per calendar month as at the 1st September 2017.


An opportunity to acquire freehold commercial and residential investment premises situated close to the town centre comprising a self contained spacious two bedroom first floor flat with two ground floor shops all currently occupied and producing an income of £1170 per calendar month as at the 1st September 2017.
The property occupies a fine position just off the town centre and is of mainly stone construction under a slate roof and arranged as follows:

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.

To the rear of the property is an enclosed yard area that is shared by the two ground floor shops

Services: mains electricity, water and drainage are connected

Shop 115'5" x 13'7" (4.7m x 4.14m).

Rear Lobby With sink

Separate WC

Access to Shared Rear Yard

The Lease The property is held on a lease at a rental of £3,000 per annum on internal repair and insuring terms with the rent being paid monthly in advance.

Shop 213'7" 15'5" (4.14m 4.7m).

Rear Hall With WC and store cupboard

The Lease The property is currently let on a 3 year lease from the 1st June 2016 at a rental of £4750 on internal repair and insuring terms with the rent being paid monthly in advance

First Floor Self Contained Flat

Ground Floor Entrance Hall With staircase to first floor landing

Lounge13'5" x 16'9" (4.1m x 5.1m).

Kitchen5'5" x 13'7" (1.65m x 4.14m).

Bedroom 113'11" x 13'6" (4.24m x 4.11m).

Bedroom 28'1" x 13'7" (2.46m x 4.14m).

Bathroom With bath, electric shower, electric towel rail, wash basin, WC

Note The flat is let on an assured shorthold tenancy from the 25th November 2016 at a rental of £525 per calendar month

Number of Bedrooms

2

Location

5 Holloway Street, Minehead, Somerset


To arrange a viewing, please contact our Minehead office by Telephone on 01643 706666

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