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The Avenue, Minehead - Offers In Region of £345,000

Description

Valuable Freehold Investment Premises for sale situated in a prominent position in The Avenue with three Commercial Outlets (Takeaway Premises, Lock Up Shop and Cafe), producing an income of £21,220 per annum along with a three bedroom First and Second floor Maisonette above currently vacant.

Valuable Freehold Investment Premises for sale situated in a prominent position in The Avenue with three Commercial Outlets (Takeaway Premises, Lock Up Shop and Cafe), producing an income of £21,220 per annum along with a three bedroom First and Second floor Maisonette above currently vacant.

Location

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.

Features

* Three retail premises with established tenants * First and Second Floor Maisonette * Centre of Town Location

Details

15A The Avenue

Take Away Premises: currently let on a 20 year Lease until the 22nd of June 2022 at a rent of £6,720 per annum with a three year rent review clause on full repair and insuring terms.

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15B The Avenue

Lock Up Shop Premises: currently let on 7 year Lease until the 22nd June 2022 at a rental of £5,500 per annum with a three year rent revision clause on full repair and insuring terms.

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15C The Avenue

Lock Up Shop Premises: currently occupied as a cafe and let on a 17 year Lease until the 22nd June 2022 at a rent of £9,000 per annum with a three year rent revision clause on full repair and insuring terms.

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15D The Avenue

First and Second Floor Maisonette comprising:

First Floor Sitting Room: 4.67m (15'4) x 3.78m (12'5)

Dining Room: 3.77m (12'4) x 4.67m (15'4)

Kitchen: 3.56m (11'8) x 2.47m (8'1)

Bathroom: with WC

Second Floor

Bedroom 1: 4.32m (14'2) x 3.01m (9'11)

Bedroom 2: 4.31m (14'2) x 2.98m (9'9)

Bedroom 3: 3.81m (12'6) x 3.54m (11'7)

The property is vacant but has recently been let at a rental of £600 per calendar month

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Outside: The property is also being sold with an extensive car parking area to the rear.

Services: mains electricity, water and drainage are connected

Tenure: Freehold

Further information available from the agents Minehead Office







To arrange a viewing, please contact our Minehead office

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