The Parks, Minehead, Somerset, TA24

LOCATION
This versatile property faces the eastern approach to Minehead on the lower slopes of North Hill, within just a few minutes’ walk of Minehead town centre which offers a host of amenities, a park, seafront and beach. Minehead is the start of the South West Coast Path attracting many walkers from all over the world. The town has excellent shopping facilities with Tesco, Morrison’s and Lidl supermarkets.
In addition, there are a host of small independent shops, restaurants and pubs. Minehead has a population of about 8,000 inhabitants which is boosted throughout the year with the influx of tourists. Within the resort is the West Somerset Steam Railway.

THE PROPERTY
Dating from around 1850 this is a fine Grade II Listed residence. Since taking occupation in 2016 the current owners have upgraded many of the en-suite bathroom facilities, refurbished the kitchen with bespoke Apollo Slab Tech acrylic resin surfaces, wall cupboards and a peninsular unit, installed a new central heating boiler and decorated many of the letting rooms most of which have secondary double glazing.
The establishment is now offered for sale as a going concern to include trade equipment subject to inventory, excluding those items of a personal nature.
The property has a 2 bedroom lower ground floor owner’s apartment.
There are 6 en-suite bedrooms within the main residence plus a single story self-contained annexe which could easily be converted into a granny annexe.
The Parks Guest House is ideal as a going concern or may revert back to a family home subject to change of use.

THE BUSINESS
Genuine retirement sale of this long-established guest house which is operated by a husband and wife team with takings of around £80,000 per annum operating on a bed and breakfast basis from April to October.
The guest house has several accolades including a Visit England 4-star guest accommodation - Silver Award & Breakfast Award.
The Parks Guest House provides a comfortable living, home and lifestyle.

SERVICES AND UTILITIES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

BUSINESS RATES
£7,800 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.