Summary - Parks Villa, The Parks TA24 5NF
1 bed 1 bath Not Specified
**Standout Features:**
- Mixed-use property with fully tenanted units
- Ground floor retail unit (566 sq ft) with an additional storage area (234 sq ft)
- Five bedsits and one apartment offering diverse rental options
- Total gross income of approximately £36,720 per annum
- Located in desirable Minehead, near the beautiful Exmoor National Park
**Summary:**
This impressive mixed commercial and residential property offers a unique investment opportunity in the thriving seaside town of Minehead, often referred to as the 'Gateway to Exmoor National Park.' Spanning a total of 800 sq ft, the property consists of a well-positioned ground floor retail unit alongside five bedsits and a spacious apartment, all fully occupied, creating a steady annual income of approximately £36,720.
While the retail unit is secured by a short-term lease, it presents potential for increased revenue with strategic management or long-term tenant relationships. The property is situated in an area that thrives on both local community support and seasonal tourist influx, making it a lucrative option for investors seeking both reliability and growth in rental income.
Some factors to consider are its pre-1900 construction, which could imply the need for updates to meet modern standards, and its location within a conservation area, requiring diligent planning for any future renovations or extensions. The property offers essential services and amenities in proximity, alongside excellent broadband and mobile connectivity, making it attractive to a variety of tenants and business owners alike. Don’t miss this chance to secure a property with strong income potential in a high-demand area—an ideal opportunity for savvy investors!
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