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To arrange a viewing, please contact our Minehead office

And 9c Parkhouse Road, Minehead - Offers In Region of £149,950
Sale Agreed

Description

Valuable freehold investment premises available for sale in a fine position close to the town centre comprising two commercial ground floor offices with combined gross annual income of £14,000 and two residential flats above let on 999 year Leases at a ground rent of £20 per annum each.

Valuable freehold investment premises available for sale in a fine position close to the town centre comprising two commercial ground floor offices with combined gross annual income of £14,000 and two residential flats above let on 999 year Leases at a ground rent of £20 per annum each.

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

*Freehold Interest in *2 Offices and *2 Flats

Details

9 PARKHOUSE ROAD

Ground Floor Office having the benefit of electric night storage heating and ample power points and comprising:

Entrance Hall

Reception Office: 3.59m (11'9) x 5.57m (18'3)

Inner Hall:

Cloakroom: with WC, storage cupboard

Kitchen: 2.72m (8'11) x 1.79m (5'10)

Office 1: 2.98m (9'9) x 3.47m (11'5)

Office 2: 3.5m (11'6) x 2.99m (9'10)

The Lease: The property is let on a 7 year Lease from the 25th March 2015 at a rent of £6,250 per annum for the first year of the term rising to £7,000 per annum from 25th March 2016 with a 3 yearly rent review period thereafter.

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9C PARKHOUSE ROAD

Ground Floor Office having the benefit of electric night storage heating and ample power points and comprising:

Office 1: 3.45m (11'4) x 2.7m (8'10)

Store Room/Computer Room: 3.8m (12'6) x 2.9m (9'6)

Office 2: 2.6m (8'6) x 2.67m (8'9)

Office 3: 3.58m (11'9) x 3.13m (10'3)

Office 4: 3.59m (11'9) x 3.12m (10'3)

Kitchen: 3.3m (10'10) x 2.7m (8'10)

2 WCs and Cloakroom

The Lease: The property is let on a 4 year Lease from the 26th July 2014 at a rent of £7,000 per annum to The Royal Mencap Society

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2 FLATS ABOVE 9 PARKHOUSE ROAD

The two flats are let on 999 year Leases providing an annual income of £20 by way of ground rent per flat

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Outside: To the rear of the premises is a car parking area providing space for several vehicles

Services: The property is connected to mains electricity, water and drainage

Tenure: Freehold

Offers invited in the region of £149,950 for the freehold interest.





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