Exciting freehold mixed use development opportunity comprising fully refurbished restaurant providing an immediate income, together with 5 flats in need of renovation. Situated in a convenient location in the centre of Minehead.
The property benefits from having the roof totally re done in stages over the past 10 years, with the final bit due to be completed in June 2024.
Restaurant - The restaurant has already been refurbished and comprises 2 indoor seating areas, servery/bar, customer toiler, 2 areas of commercial kitchen and a walled garden ideal for outdoor seating. A tenant is in place on a long term lease. Further details are available from the agent.
First Floor - 1 x 2 bedroom flat and 1 x studio flat.
Second floor - 2 x 1 bedrooms flats.
Third Floor - 1 x 3 bedroom flat.
The building offers considerable potential a lucrative income. For further details please contact the selling agents.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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