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To arrange a viewing, please contact our Minehead office

3a The Avenue, Minehead - £130,000
Sale Agreed

Description

EXISTING BUSINESSES NOT AFFECTED - An opportunity to acquire substantial and predominantly situated investment shop premises currently let and producing an income of £11,500 per annum.

EXISTING BUSINESSES NOT AFFECTED - An opportunity to acquire substantial and predominantly situated investment shop premises currently let and producing an income of £11,500 per annum.

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

*Substantial Investment Shop Premises

Details

3 The Avenue:

The property is currently let on a 7 year Lease from the 26th September 2009 at a rental of £6,000 per annum on internal repair and insuring terms with a 5 year rent review clause. It is presently used as a shoe repair centre and has an internal measurement of frontage 4.05m (13'3) x 4.72m (15'6) with a lean to store at the rear 2.44m (8') x 1.29m (4'3) along with WC/wash basin.

3a The Avenue

The property is currently holding over following the expiration of a 3 year Lease from 2011 at a current rent of £5,500 per annum on internal repair and insuring terms. The property is currently occupied as a sweet shop with a frontage of 2.89m (9'6) and depth of 7.4m (24'3). The WC facilities are shared with the adjoining shop.

Services: mains electricity, water and drainage are connected.

Price: Offers are invited in the region of £130,000 for the freehold interest subject to the existing business tenancies.




To arrange a viewing, please contact our Minehead office

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