Summary -
Flat 2,4 Holloway Street,MINEHEAD,TA24 5NP
TA24 5NP
8 bed 8 bath Terraced
Town-centre buy-to-let with immediate restaurant income and renovation upside..
- Freehold mixed-use building in Minehead town centre
- Fully refurbished restaurant with indoor and outdoor seating
- Long-term tenant in restaurant provides immediate income
- Five flats (1x3-bed, 1x2-bed, 2x1-bed, 1xstudio) need renovation
- Roof largely renewed; final section due June 2024
- Medium flood risk; may affect insurance and costs
- Above-average local crime rate to consider
- Chain-free sale, total area approx. 3,812 sq ft
A substantial freehold mixed-use building in Minehead town centre offering immediate trading income and longer-term rental upside. The ground-floor restaurant has been fully refurbished, includes indoor and walled outdoor seating, two kitchen areas and a long-term tenant on a commercial lease — delivering immediate cashflow. Above are five flats (one 3-bed, one 2-bed, two 1-beds, one studio) totalling eight bedrooms and eight bathrooms that require full renovation but present clear conversion and rental uplift potential.
The roof has been largely renewed in stages over the past ten years, with the final section due in June 2024, reducing near-term capital spend on that element. The property is offered freehold and chain-free, with a total area of approximately 3,812 sq ft — suitable for investors seeking a multi-tenanted asset close to local amenities.
Known negatives are factual: the residential units need renovation throughout, the property sits in an area with above-average crime, and there is a medium flood risk which will affect insurance and possibly refurbishment costs. Parking is not specified and will be limited in this town-centre location. Prospective buyers should budget for internal works, compliance upgrades and factor in local market lettings and planning considerations.
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