ADDRESS3-5, The Parade, Minehead, Somerset, TA24 5NL
TYPEOther, Other, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON10th June 2024
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 and 5a The Parade contains a health food shop on the ground floor with a caf� and kitchens on the first floor. Treatment rooms and 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.
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.
