This mixed-use freehold property presents a unique investment opportunity in the heart of Minehead. It features a fully refurbished restaurant that is currently generating rental income from a long-term tenant, complemented by five residential flats that require varying degrees of refurbishment. The ongoing work on the roof, which has been strategically updated over the last decade with completion slated for June 2024, adds to the building's structural integrity.
The ground floor restaurant comprises two distinct indoor seating areas, a bar/servery, customer toilet facilities, and well-equipped commercial kitchen areas. Additionally, the outdoor walled garden offers potential for al fresco dining.
On the upper floors, you will find one two-bedroom flat and one studio flat on the first floor; two one-bedroom flats on the second floor; and a spacious three-bedroom flat on the third floor. While these residential units are in need of renovation, they provide significant potential for increased rental income once upgraded. This property is poised to yield lucrative returns with some focused investment and renovation work.
