Summary - 3-5, The Parade, Minehead, Somerset, TA24 5NL TA24 5NL
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime retail position on The Parade, Minehead’s bustling town centre
- Combined annual income of £46,000, increasing to £47,000 in August 2024
- Planning permission for converting the coach house and vacant areas into three separate residential units
- Extensive property size of 4,202 sq ft across multiple levels
- Versatile mixed-use possibilities with established retail tenants
**Summary:**
This unique commercial property located at 3-5 The Parade, Minehead, presents an exceptional investment opportunity with a versatile layout and solid income potential. Featuring two adjacent terraced buildings, the first floor includes a health food shop, a café on the second floor, and a thriving E-cig business on the ground floor, demonstrating a strong retail presence. With its charming Georgian architecture and high ceilings, this property stands out in a vibrant urban atmosphere.
Importantly, the property comes with the potential for significant development, including approved plans to transform the coach house and other vacant areas into three additional residential units—ideal for capitalizing on the growing rental market in the area.
While the surrounding environment supports a self-sufficient community ideal for families and retirees, be mindful that crime rates in the locality are above average. Quick access to a plethora of amenities, schools, and public transport options enhances its appeal, making this a remarkable chance to secure a valuable asset in Minehead's dynamic marketplace. Don't miss the opportunity to acquire this diverse property with both immediate income generation and future enhancement potential—status, space, and income await!
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