Retail premises for sale in Friday Street, Minehead, Somerset TA24

Within the popular West Somerset tourist resort of Minehead, often referred to as the 'Gateway to Exmoor National Park' this property is set back from one of the main vehicular approach roads into the town centre. The resort has a population of approximately 8,000 inhabitants, plus the addition of a further 8,000 tourists who flock to the Butlin's tourist venue within the resort, as well as the many day-trippers throughout the year that visit the town. Friday Street is just off the main avenue, where there are a range of individual independent shopkeepers including bookshops, hairdressers, estate agents etc.

The property

The property comprises of a character Grade II listed building comprising of a mid-terraced commercial shop, with the owner's apartment above the shop and above the adjoining barbers' shop and is approached from the rear. The ground floor retail area offers approximately 143 sq ft of space together with a lobby, storage room and a rear stock room with loft above. The private accommodation is approached from the rear where a separate door gives access to a ground floor lobby, private living room and kitchen beyond. Stairs lead to the first floor where there is a bathroom, a separate cloakroom and a rear bedroom. To the rear overhanging the adjoining shop are two further bedrooms and over the newsagents is a private lounge. Therefore this is a spacious private owners' apartment and to the rear there is a small yard and rear pedestrian access.

Agents note

It should be noted that two of the rooms overhang the adjoining barber's shop and therefore a flying freehold exists.

Business rates

£9,400 ubr, as of April 2023,47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT

We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of hmrc.

Services and utilities

Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting

Legal advice

We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

Planning

It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.