13 Vicarage Street Barnstaple Devon EX32 7BB

Property information

Barnstaple is North Devon’s largest town located 40 miles northwest of Exeter with a resident population of approximately 27,700 persons and an estimated catchment population of 82,000 persons.  Trade in the town is further boosted by year-round tourism.  The premises are situated just off the central core (east) but still within 5 mins comfortable walking distance of the main High Street and town centre generally.  Vicarage Street serves as a principal vehicular route to the Green Lanes Shopping Centre and therefore this building can benefit from high visibility.  It is also a corner property which also adds to its profile.  There are Local Authority pay and display car parks closeby.

Description

This is an interesting property, mixed commercial and residential layout which may suit either an owner occupier living and working from the property, part investment purchase whereby the buyer will run his/her business from the ground floor and receive income from sub-letting the flat (located above) or pure investment whereby the investor will let both the ground floor offices and first floor flat to obtain a return on capital invested.  Indeed, whilst the business is now offered with vacant possession, previous lettings earlier this year provided a gross income of £13,800 per annum which equates to a return on capital against the asking price of 12%.

On the ground floor there are 3 separate offices which could be occupied or let as one suite, or individually.  On the upper floors is a flat comprising Kitchen, Sitting Room, Bathroom and double Bedroom.  The building benefits from a gas fired central heating system.

Out client will alternatively consider letting the ground floor offices at a rent of £600 per calendar month to include heating and lighting.

Accommodation

The accommodation comprises the following (approximate measurements):

Ground Floor

Office 1:  3.95m x 3.47m

Office 2:  3.2m x 3.0m

Office 3:  3.94m x 2.7m  Access from this room to small rear courtyard.

Off ground floor passageway door to upper floors.  On the half landing is a W.C. used by occupants of the offices.

First Floor

Kitchen:  3.6m x 3.1m  Single drainer stainless steel sink unit, plumbing for washing machine, fitted carpets, double glazing.

Bathroom:  Modern suite in pampas with pedestal wash hand basin, low level W.C., electric shower.

Sitting Room:  3.3m x 2.9m

Second Floor

A roof room converted to a double Bedroom being 4.2m x 3.52m

Viewing

For an appointment to view please contact:

Dean Warmington
Tel:	01271 378731
Email:	dean@underwoodwarmington.com
Mobile:	07971830881

Property reference number

Reference:

UW645

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.