Overview
Description
Investment Freehold PLC Shop with 4 Flats in Minehead Ref 24333
Location:
This mid-terrace property is arranged as a Shop with upper parts fronting the prime section of The Parade and immediately adjoins Superdrug and Boots. Other well-known occupiers in the immediate include Greggs, WHSmith, Santander Bank, British Heart Foundation, Trespass and Specsavers.
Shop and Upper Parts – 4 Flats (2 x Studios, and 2 x 2 Bed Flats above the shop).
SIZE:
* Ground Floor: Retail Shop 187 sq m (2,015 sq ft) Open plan retail, Storage, WC
* Rear Ground Floor: Detached Studio Flat 25 sq m (269 sq ft) Double Bed, Kitchen/Living Room, Bathroom
* First Floor: Flat 1 47 sq m (506 sq ft) 2 Bedrooms, Kitchen, Living Room, Bathroom
* First Floor: Flat 2 47 sq m (506 sq ft) 2 Bedrooms, Kitchen, Living Room, Bathroom
* Second Floor: Flat 3 28 sq m (302 sq ft) Double Bed, Kitchen/Living Room, Bathroom
Total area size: 334 sq m (3,598 sq ft)
Tenancy:
The ground floor shop is at present let for a term of 10 Years from 20th October 2022 at a current rent of £30,000 per annum and the lease contains full repairing and insuring covenants. The Vendor will top-up rent upon completion to the equivalent of £32,500 per annum.
Lock up shop is being let out currently at £35k P.A with a PLC tenant.
Generating Total income of £55k P.A from residential and commercial
Tenure: Freehold
Offers in excess of £750,000
Call BTC for further details and appointment for viewing: 020 8889 7474 or email us at commercial@btcint.com
Tenure: Freehold
Is stock included:
Listed By:
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