6 bed block of flats

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6 bed block of flats

The Parade, Minehead TA24
£750,000

Our Summary

  • Straightforward and appealing Freehold investment opportunity in Minehead, West Somerset
  • This is the highest-footfall area, benefiting from year-round local trade and significant seasonal uplift
  • Investment stock in this core area often includes mixed-use opportunities (retail on the ground floor, residential/office conversion potential above), offering diversified income streams and greater long-term value

Description

This freehold investment property in Minehead, West Somerset, offers a diversified income stream in a busy, year-round resort town. The property is split into five income-producing units, including a substantial ground-floor retail unit and four self-contained residential flats. The commercial unit is let to The Works Stores Limited on a 10-year lease, providing secure income and built-in rental growth. The residential flats are let on Assured Shorthold Tenancies, providing additional income. The property offers an initial gross yield of 7.57% and includes guaranteed rental increases to enhance future returns. Minehead's Zone A retail district is a prime location, with high footfall and a strong trading environment, making it an attractive investment opportunity.