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43 Alcombe Rd 891 sq ft Retail Property Minehead TA24 6BB £65,000 (£72.95/sq ft)
Investment Highlights
- Investment opportunity
- Excellent trading position
- Lock-up shop premises
- Share of freehold interest
Executive Summary
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.
From our office in Friday Street proceed towards Alcombe into the continuation of Townsend Road. As you reach Alcombe the property will be found on the left hand side just after the turning into Lower Meadow Road and before the roundabout.
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.
From our office in Friday Street proceed towards Alcombe into the continuation of Townsend Road. As you reach Alcombe the property will be found on the left hand side just after the turning into Lower Meadow Road and before the roundabout.
Property Facts
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
891 sq ft
Costar Property Class
B
Year Built
1955
Price
£65,000
Price per sq ft
£72.95
Tenancy
Multiple
Number of Floors
2
Parking
2 Spaces (2.24 Spaces per 1,000 sq ft Leased)
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Nearby Major Retailers
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43 Alcombe Rd
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