This mixed-use freehold property presents a promising investment opportunity in central Minehead. It features a fully refurbished restaurant that is currently generating income, alongside five residential flats that await modernization. The roof has been meticulously upgraded over the past decade, with the last phase set for completion in June 2024, which adds value and stability to the building's structure.
The restaurant boasts two distinct indoor dining areas, a servery/bar, customer restroom facilities, and a well-equipped commercial kitchen. Additionally, there’s an appealing walled garden that could enhance the dining experience with outdoor seating; a long-term tenant is already in place under lease agreements.
The residential component consists of:
- First Floor: 1 two-bedroom flat and 1 studio flat
- Second Floor: 2 one-bedroom flats
- Third Floor: 1 three-bedroom flat
While the restaurant is operational and performing well, the flats offer significant potential for renovation to increase rental yields or resale value. This property stands out as a strategic investment given its location and existing income stream.
