Block of apartments for sale

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Block of apartments for sale

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 from a well-established commercial and residential asset. The property is split into five income-producing units, including a substantial ground-floor retail unit and four self-contained residential flats above. The retail unit is let to The Works Stores Limited on a 10-year lease, providing secure income with built-in rental growth. The property also generates additional income from the four residential flats, let on Assured Shorthold Tenancies. With a gross initial yield of 7.57%, this investment offers a strong potential for returns, backed by the town's strong local economy and year-round tourist trade. Minehead's Zone A retail district is a prime location, with high footfall and strong trading conditions, making it an attractive investment opportunity.