3 The Parks 800 SF Retail Building Minehead TA24 5NF £375,000 (£468.75/SF) 9.79% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Eye catching location fronting onto the main eastern approach road into the town centre
- Short walk from the seafront
- Good frontage and window display
EXECUTIVE SUMMARY
This is a mixed commercial/residential investment for sale. The premises are currently all fully tenanted and include a ground floor retail unit and 5 bedsits and one apartment
to the first floor. The shop is let on short term 2 year lease (with the option of a further year).
to the first floor. The shop is let on short term 2 year lease (with the option of a further year).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
800 SF
Building Class
B
Year Built
1970
Price
£375,000
Price Per SF
£468.75
Net Initial Yield
9.79%
NOI
£36,720
Tenancy
Single
Number of Floors
2
Building FAR
0.22
Lot Size
0.08 AC
Frontage
36 ft on The Parks
AMENITIES
- Signage
1 of 1
NEARBY MAJOR RETAILERS
