Summary - FLAT 3, 3, THE PARKS TA24 5NF
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed commercial/residential property
- Fully tenanted: Ground floor retail unit, five bedsits, and one apartment
- Total gross income of approximately £36,720 per annum
- Large retail unit of 566 sq ft with additional storage space
- Freehold property located in a conservation area
- Excellent location in Minehead, a popular tourist destination
**Summary:**
Discover a lucrative mixed-use investment opportunity nestled in the bustling town of Minehead, designated as the 'Gateway to Exmoor National Park.' This property features a prime retail space on the ground floor, measuring 566 sq ft, ideal for attracting foot traffic, complemented by 234 sq ft of storage space and a staff cloakroom. The upper level boasts five fully let bedsits along with a one-bedroom apartment, maximizing rental income potential. With a total gross income estimated at £36,720 per annum, this property promises a stable return on investment.
The well-maintained building, constructed between 1900 and 1929, retains its Edwardian charm while offering modern prospects for business and residential use. Investors will appreciate the potential for value addition through future renovations or adaptations, especially as it's located in a conservation area, adding character to the investment. The property is conveniently situated near the seafront, independent shops, and local amenities, providing an appealing pattern of life for tenants and visitors alike. Note that while the property holds promise, prospective buyers should conduct their due diligence regarding leases and property condition, particularly as it has been advised that the EPC ratings for some units may have exemptions. Don't miss this unique chance to own a diverse and income-producing property in a vibrant community; opportunities like this don’t last long!
Property for sale in The Parks, Minehead, Somerset, TA24 — £330,000 • 1 bed • 1 bath • 800 ft²
6 bedroom mixed use property for sale in 12 The Parade, Minehead, Somerset, TA24 — £750,000 • 6 bed • 1 bath • 3598 ft²
Commercial property for sale in Friday Street, Minehead, Somerset, TA24 — £220,000 • 1 bed • 1 bath • 343 ft²
Commercial property for sale in 26 The Avenue, Minehead , 26 The Avenue, Minehead, Somerset, TA24 5AZ, TA24 — £160,000 • 1 bed • 1 bath • 1581 ft²
Commercial property for sale in 3-5, The Parade, Minehead, Somerset, TA24 5NL, TA24 — £625,000 • 1 bed • 1 bath • 4202 ft²
8 bedroom terraced house for sale in Holloway Street, Minehead, TA24 — £450,000 • 8 bed • 8 bath • 3812 ft²
