Wellington Square, Minehead, TA24

THE PROPERTY
Extensive ground floor premises formally fitted out and equipped as a banking hall but with a variety of alternative uses (subject to planning approval). The property is situated in a prominent town centre position.

Minehead is a popular West Somerset holiday resort with a busy commercial centre and a host of local shops and services with a resident population of around 12,000.

As presently arranged, the property comprises a large banking hall of 1,070 sq ft of accommodation together with ancillary accommodation of 604 sq ft.

TENURE
The property is offered on the basis of new full repairing and insuring lease for a term of years to be agreed at a rental of £37,000 per annum plus service charge and insurance contribution. An incoming tenant will need to supply the usual proof of ID, 3 months bank statements and trade/professional references for Landlord's approval.

UNIFORM BUSINESS RATEABLE VALUE
£25,750 UBR, as of 2023, 49.9p 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

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

VIEWING
Strictly by appointment through the selling agents.

LEGAL ADVICE
We strongly recommend that a tenant 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 tenant 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 tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.