This mixed-use property presents a compelling opportunity for investors, featuring a well-maintained restaurant that is fully operational and generates immediate rental income, alongside five residential flats that are ripe for renovation. Located in the heart of Minehead, the property benefits from its accessibility to local amenities and transport links, making it an attractive option for both tenants and patrons of the restaurant.
The restaurant space has been thoughtfully refurbished to include two spacious indoor dining areas, a servery/bar, customer restroom facilities, and two distinct commercial kitchen zones. An outdoor walled garden provides additional seating options, enhancing the overall dining experience. With a long-term tenant already in place, this element of the property ensures a steady cash flow right from the start.
On the upper floors, there are five residential units—consisting of one 3-bedroom flat, one 2-bedroom flat, one studio flat, and two 1-bedroom flats—that require varying levels of renovation. This presents an ideal chance for an investor to add value through refurbishment and capitalize on the rising demand for quality rental accommodations in the area.
The roof of the building has been systematically renovated over the past decade, with ongoing work scheduled for completion in June 2024. This investment into essential maintenance reduces future concerns about structural integrity and provides peace of mind moving forward.
Overall, this property offers significant potential for both immediate income through its existing restaurant lease and future profit by upgrading its residential units. For those looking to explore this investment further, more information is available upon inquiry.
