Straight talking Commercial Property advice

16 Joy Street, Barnstaple, Devon. EX31 1BS

Property information

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Status: Sold
Price: Confidential Agreement reached
Tenure: Freehold

Underwood Warmington are delighted to be appointed SOLE SELLING AGENTS of this centrally located Freehold Commercial Property which is offered for sale for the first time in 75 years as the owner is retiring.

The salient points of the property are as follows:-

  • Retail premises with potential for many Commercial Uses/Development Opportunity (subject to consents)
  • Offers for the freehold interest are invited in the region £170,000
  •  Rare opportunity to acquire a freehold interest in this important North Devon Town
  • Only a few paces from the High Street and the historic Pannier Market
  • 2750 sq. ft. (approx.) (255m2) arranged over 3 ground, first & second floors
  • Roof terrace (440sq. ft./ 41m2) with potential
  • Class E Planning Permission (formerly A1)
  • Potential to convert upper floors to residential (subject to consents) 

LOCATION
Barnstaple is located on the North Devon coast and is the principal retail, business, leisure and
cultural centre in the district and plays a strategic role in the provision of health and education
services and public administration. It lies 53 miles west of Taunton and 43 miles north east of
Exeter. Access to Barnstaple is provided by the A361 North Devon Link Road with connection at
Junction 27 of the M5 Motorway.

Barnstaple is a strong market town and tourist centre with around 750,000 visitors each year
making it the second most important destination in Devon after the Torbay area. The town has a
resident population of 32,000 and retail catchment population estimated in the region of 120,000
within a 20 mile radius of the centre. 76% of this population lives in or around the Taw Estuary
between Barnstaple and Bideford.

DIMENSIONS

Exterior double frontage 21′ 6” (6.6m)
Interior frontage 18′ 6”” (5.6m)
Built depth 84′ (26m)
Zone A retail space – 368 sq. ft. (34.2m2)
Zone B retail space – 338 sq. ft. (31.4m2)
Zone C retail space – 452 sq. ft. (42m2)
Remaining retail/store – 17.2 sq. ft. (1.4m2)
OVERALL GROUND FLOOR SPACE  1500 sq. ft. (139m2)
First Floor 750 sq. ft. (70m2)- 5 rooms accessed from 2 x staircases (front & rear of the property.

Second Floor 500 sq. ft. (46m2) – 3 rooms

Roof Terrace 23’5” x 18’9”

PLANNING
Government changes to the Use Classes Order came into effect on 1 September 2020. These
premises now fall into the newly introduced, Class E. This will allow use (without the need for
planning permission through a “change of use) as a shop, financial and professional services,
restaurant/café, offices R&D and light industry, gyms and medical- health services and day
centres. clinics, creches, day nurseries etc. Interested parties should consult with North Devon
Council at Barnstaple to discuss.

LEGAL COSTS
Each party to be responsible for their own legal costs in connection with this transaction.
TENURE
Offered with Vacant Possession
MONEY LAUNDERING COMPLIANCE
In order to comply with UK Money Laundering Regulations 2017, UNDERWOOD WARMINGTON
will require any purchaser of a freehold or leasehold interest in a property which it is marketing to
provide proof of identity and other required documents

ENERGY PERFORMANCE CERTIFICATE
Assessed in band D; copy on request
VIEWING
Viewing can only be carried out with prior notice by contacting :-
Dean Warmington: DD 01271 378 731 M: 07971 830 881 E: [email protected]
Website: www.underwoodwarmington.com

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 purchaser

Accomodation Comprises

Imperial Metric Sq Ft


Business rates

Rateable value:   £12,250
Rates payable for 2021/22:   £6,100 (approx)

This property may qualify for a significant reduction of payable business rates. Interested parties are advised to contact North Devon Council @ Barnstaple to establish what level of business rates will become available.
COVID MEASURES
Retail premises will receive 100 % relief from Business Rates, period 1 April ’21 – 30 June ’21 and
66 % relief, period 1 July ‘ 21 – 31 March 2022.Small Business rates relief may apply.


Tenure


Viewing

For an appointment to view please contact:

Dean Warmington
Tel: 01271 378731
Email: [email protected]
Mobile: 07971830881


Property reference number

Reference: UW883
 

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.