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Townsend Road, Minehead, Somerset, TA24
Guide price £375,000 | 7 bedrooms

Property features

• Excellent Investment Opportunity
• Town Centre Location
• 7 Letting Rooms (5 en suite)
• Spacious Communal Areas
• Courtyard with Storage Workshop
• Parking for 5
• Regular Income

An immaculately presented House of Multiple Occupation with tenants in place. 7 letting bedrooms spacious communal areas, external workshop and off road parking
 
SITUATION
The property occupies a convenient position within a few minutes walk of Minehead town centre and all its amenities. This popular coastal resort is the principal town of West Somerset and provides a wide range of shopping, banking and schooling, together with hospital and dental facilities and regular bus services. It also caters for various leisure interests including an 18-hole Golf Course and marine activities. Minehead is situated on the edge of the Exmoor National Park close to some of the finest moorland and woodland countryside, ideal for walking and country pursuits.
 
The County town of Taunton, which is approximately 23 miles away, has extensive retail and commercial facilities, together with access to the M5 and a mainline station with fast trains to London. There are three independent schools, a theatre and the Somerset County Cricket Ground.

DESCRIPTION
A period Victorian house in excellent decorative order with a modernised kitchen and bathrooms. Formerly Bethany House Bed & Breakfast, the property is now successfully run as a House of Multiple Occupation providing seven individual letting bedrooms. A regular monthly income is received and the organisation of the building is currently overseen by a management letting agent in conjunction with the owners.

ACCOMMODATION
As can be seen from the floorplan, there are seven large bedrooms on three floors with a shared kitchen/breakfast room and laundry. Five bedrooms have their own en suite facilities, with two rooms sharing an additional bathroom. A coded key entrance gives access to the elegant and welcoming hallway with original tiled floor and staircase to the upper levels. The large and light communal kitchen is fitted with base and wall units, a range cooker, space for free standing appliances and a good sized dining area with space for a table and chairs. Adjacent is the shared utility room with space and plumbing for washing machines and driers and there is a cloakroom. All bedrooms have their own key and are of a large size. The two ground floor bedrooms share a shower room on the first floor, all other bedrooms have their own shower or an en suite shower room. Currently an additional room on the first floor is reserved as a secure owners office with potential as a letting room.

OUTSIDE
A tarmac front drive allows for five off-road parking spaces. A private paved rear courtyard provides an outdoor amenity area for the tenants. In addition there is a large secure timber workshop with electricity connected.

INCOME
The property returns a substantial annual net income. Occupants have 6 month shorthold tenancy agreements. Management assistance is currently given by an independent Letting Agent. Ability to provide a 10% net return on investment.

SERVICES
Mains electricity, gas, water and drainage. Gas central heating. Broadband available.

VIEWING
Strictly by appointment with the agents please, Stags Dulverton office. Tel: 01398 323174 or dulverton@stags.co.uk.

DIRECTIONS
From the A39 turn right in Alcombe Road towards Minehead centre. Continue along this road which becomes Townsend Road. After a short distance the property will be found on the left hand side just before the Esso garage.

LOCAL AUTHORITY
West Somerset Council, West Somerset House, Killick Way, Williton, Taunton, Somerset, TA4 4QA Tel: 01643 703704

COUNCIL TAX
Business rated

 

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