>
7 bedroom block of apartments for sale
The Terrace, Bircham Road, Minehead, Somerset, TA24
£775,000
The Terrace, Bircham Road, Minehead, Somerset, TA24
£775,000
Price History
Initial price | £795,000 |
02/10/24 | £775,000 |
Price Change | -2.52% |
Description
<|start_header_id|>assistant<|end_header_id|>
Here is a summary of the property description in a single paragraph:
The property, known as The Terrace, is a unique opportunity to purchase a 2-bedroom mews cottage with a block of 5 one-bedroom flats. The cottage itself features a sitting room, a stunning kitchen/dining room, conservatory, family shower room, and patio garden. The property is situated in Alcombe, a short drive from the Minehead coast, and is available over two freeholds. The cottage has a guide price of £795,000 and is fully let, generating a current income of around £2,725 per month, which could be increased to approximately £3,400 per month depending on market conditions. The property also has a block of 5 flats, which are all presented well and fully let, with a combined income potential of £34,000 per year.