Guide price

£75,000

Alcombe Road, Minehead, TA24

Retail for sale

Retail, Secondary, Retail Parade, Investment

Key Features

  • Investment opportunity
  • Lock-up shop premises
  • Excellent trading position
  • Share of freehold interest
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Kevin Prescott

Whether you'd like to book a viewing, or need additional info, I'm here to help.

Property Description

LOCATION
The property is preminently situated in an excellent trading position in the busy Alcombe shopping parade.

THE SHOP
This attractive double fronted shop with valuable return frontage, presently used as a carpet/flooring shop is arranged to provide the following accommodation:
Frontage to Alcombe Road 16'10 (5.13 M)
Return Frontage 12'10 (3.91 M)
Retail accommodation 594 SQ FT (55.18 SQ M)
Kitchen 63 SQ FT (5.85 SQ M)
Staff Toilet


TENURE
Remainder of a 999 year lease with a third share of the freehold interest

TENANCY
The property is let for a term of seven years from 1st December 2024 at a current passing rent of £7,200 per annum.

The upper parts are held on separate long leases.

SERVICES
The property is connected to mains electricity, water, gas and drainage.

VIEWING
Strictly by appointment through the selling agents.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
RATEABLE VALUE
£5.200 Our rateable value has been obtained from the business valuation website. At the time of the property detail going to print. We would advise all applicants to make their own enquiries via the Valuation Office or Website regarding this figure.

Key Information

Tenure:

Shareoffreehold

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