12 bed property for sale

Tregonwell Road, Minehead, Somerset TA24

Over 60s can secure this property with a Home For Life from Homewise

Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value.

Over-60s customers typically save between from 20% To 50%*.

Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £469,000 based on an average saving of 33%.

Market Value Price: £699,995

The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard. The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.

For an indication of what you could save, please use our calculator on the Homewise website.

Please call for more information or a personalised quote

Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.

It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.

If you are not over 60 or would like to purchase the property at the full market value of £699,995, please contact the estate agent Webbers.
Property description

Discover this spacious 9 bedroom bed and breakfast, perfectly situated in a bustling area just a short, level walk from shops and the seafront. Enjoy the convenience of private ground floor 3 bedroom owner's accommodation, complemented by two gardens and a garage. EPC Rating C.
Location

Ideally situated within a short, level walk to the seafront and town centre, The Waverley enjoys a prime location on Tregonwell Road, a popular area known for its numerous hotels and guest houses.

Nearby, you'll find unrestricted street parking. Minehead, West Somerset's premier tourist destination, boasts a population of around 8,000, which swells during the summer with an influx of visitors.

Home to Butlin's Holiday Resort, Minehead is often called the gateway to Exmoor National Park. The town offers excellent tourist and shopping amenities, including Tesco, Morrison's, and Lidl.

Nearby attractions include the charming villages of Porlock and Dunster, with its Medieval Castle. From the rear of the property, enjoy inland views over the rooftops towards North Hill.
The property

Seize the chance to acquire this long-established hospitality business, home, and lifestyle.

The Waverley is a substantial end-terraced bed and breakfast with accommodation spread across the ground, first, and second floors, offering comfortable living quarters and a variety of double and twin rooms.

The property features in all 11 potential guest bedrooms but operating as 9 inviting letting bedrooms, 8 with en-suite facilities and 1 with a private bathroom. The ground floor, accessed via a wide hallway, includes a guest sitting room, separate dining room, private third bedroom or split-level office/function room, open-plan kitchen, private lounge/second bedroom, private third bedroom/art studio and a private shower room.

Recent upgrades include newly installed en-suite facilities in 5 guest bedrooms and redecoration of most rooms.

The property is set back from the main road with a level lawned foregarden, a garage and secure gated parking for up to 3 vehicles.

Additional features include a rear lawned garden shed, greenhouse and a covered wood-tiled patio area.
The business

Operating seasonally from April to the end of October, this licensed bed and breakfast trades just under the VAT threshold by choice, with ample scope to extend opening times.

Currently, the business offers 9 letting bedrooms, managed personally by a dedicated husband and wife team, with family assistance during peak periods.
Agents note

The property previously had planning permission for conversion into 8 apartments (planning reference: 3/21/17/087), though this permission has since lapsed.

We recommend that interested parties make their own enquiries with the local planning authority regarding plans and necessary permissions.
Services

All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
VAT

We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of hmrc.
Viewing

Strictly by appointment through the selling agents.
Rateable value

8,000 ubr, as of April 2023,47.9p in the ?. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below ?12,000.
Council tax band
A

legal advice

We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
Planning

It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyers responsibility.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.