Development and retail investment opportunity for sale in Minehead

This property is marketed by:
Greenslade Taylor Hunt

Key features

Prime retail position within Minehead’s town centre.

The property is producing a combined income of £46,000 per annum which is increasing to £47,000 per annum from 1st August 2024.

The building has planning permission to convert the coach house and vacant areas into three separate residential dwellings.

Location

The building is situated in a prime retail location within Minehead’s town centre with such operators as Costa, Trespass, Boots, Greggs, Superdrug and Santander within the vicinity.

Minehead is home to the West Somerset Steam Railway which is popular tourist attraction within West Somerset and is an ideal base to explore Exmoor National Park, an Area of Outstanding Natural Beauty. The town is situated on the West Somerset coastline.

The county town of Taunton is 25 miles away to the south east providing access onto Junction 25 of the M5 motorway with mainline rail services to London Paddington.

Description

Two adjacent buildings on The Parade within Minehead’s town centre to include a former coach house fronting Market House Lane at the rear. The retail premises are arranged over 3 floors plus attic areas.

3 & 5a The Parade contains a health food shop on the ground floor with a café and kitchens on the first floor. Treatment rooms & stores are located on the second floor with the attic space used for storage.

Ground Floor at 5 The Parade contains a business called E-cig City which sells electronic vapes and fluid. This consists of a sales area, kitchen and WC.

The other areas of the building are currently lying vacant but have planning permission to convert into three separate dwellings.