Freehold Retail Investment
Freehold Retail Investment
Minehead is a coastal town in Somerset and home to the Butlins Holiday Park which attracts several thousand tourists every year. The property is situated within the town centre on the southern side of The Avenue, close to its junction with The Parade. Nearby occupiers include Poundland, WH Smith,
Co-operative Supermarket, TSB Bank and Boots Chemist.
Freehold.
Minehead is a coastal town in Somerset and home to the Butlins Holiday Park which attracts several thousand tourists every year. The property is situated within the town centre on the southern side of The Avenue, close to its junction with The Parade. Nearby occupiers include Poundland, WH Smith,
Co-operative Supermarket, TSB Bank and Boots Chemist.
Freehold.
The property comprises a retail unit over ground, mezzanine, first and second
floors and benefits from access and loading off Summerland Road.
Six Week Completion
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a retail unit over ground, mezzanine, first and second
floors and benefits from access and loading off Summerland Road.
Six Week Completion
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Mezzanine First Second |
Retail Storage Storage/Office Staff Room/Ancillary |
401.79 sq m 78.10 sq m 275.25 sq m 30.70 sq m |
(4,325 sq ft) (841 sq ft) (2,963 sq ft) (330 sq ft) |
ICELAND FOODS LIMITED (1) |
35 years from 11/05/1989 until 26/06/2024 on a full repairing and insuring lease | £75,000 | 25/06/2019 |
| Totals | 785.84 sq m |
(8,459 sq ft) |
£75,000 | ||||
(1) For the year ending 28th March 2014, Iceland Foods Limited reported a turnover of £2,699,261,000, pre-tax profits of £173,932,000 and a total net worth of
£364,657,000. (Source: www.riskdisk.com 30/07/2014).
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