Summary -
Flat 2,4 Holloway Street,MINEHEAD,TA24 5NP
TA24 5NP
8 bed 8 bath Commercial Property
Town-centre mixed-use building — immediate restaurant income, five flats for renovation and uplift.
Refurbished restaurant with long-term tenant and indoor/outdoor seating
Five flats (1×3, 1×2, 2×1, 1 studio) require full renovation
Roof largely renewed; final stage due June 2024
Chain free freehold — immediate control of the asset
Total approx. 3,812 sq ft offering strong rental potential
Medium flood risk for the area — insurance implications
Above-average local crime rates — due diligence recommended
Fast broadband and excellent mobile signal; very low council tax
A substantial mixed-use freehold in central Minehead offering immediate income from a fully refurbished restaurant and significant upside from five residential units. The ground-floor restaurant is tenant-occupied on a long-term lease and includes indoor seating, a servery/bar, two commercial kitchen areas and a walled garden for outdoor covers — providing an instant cashflow while you plan the upper-floor works.
The five flats (one 3-bed, one 2-bed, two 1-beds, one studio) are in need of full renovation, presenting clear scope for added value through refurbishment, rental re-gearing or conversion. Roof renewal work has been undertaken in stages over the past ten years, with the final section due to be completed in June 2024, reducing short-term capital expenditure risk.
Practical considerations are straightforward: the property is chain free and offered as freehold, with strong digital connectivity (fast broadband, excellent mobile signal) and very low council tax. Known negatives include a medium flooding risk for the area and above-average local crime levels; the building’s residential wings require renovation and budgeting for works is essential.
This asset suits an investor or developer looking for a town-centre, mixed-use holding with immediate rental income and substantial refurbishment upside. The building’s Georgian proportions, high ceilings and large rooms give a characterful backdrop for higher-yield conversions or long-term lettings.
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