Straight talking Commercial Property advice

40 High Street Barnstaple EX31 1BZ

Property information

View Property PDF
Status: Let Agreed
Price: Rental Offers Invited
Tenure: Leasehold

INTRODUCTION
Barnstaple is North Devon’s Commercial Centre being a popular and successful market town.
Location is excellent for a variety of businesses wishing to be in the heart of the busy town centre
core. The town offers a good trading location and with a resident population of approaching
30,000, complimented further by trade from a wide hinterland increasing the catchment area to
circa 120,000, enhanced further by its popularity with tourists throughout the year.
The region is easily accessible via the A361 (North Devon Link Road) which gives direct access
to the M5 motorway at Junction 27 (Tiverton), where there is also an Intercity rail link (Tiverton
Parkway) and airports at Exeter, & Bristol.

The premises are located in a prime location fronting fronting the High Street with nearby retailers including Ryman, Natwest, Clinton Cards, Boots, Waterstones, M&S, WH Smith/Post Office, Shoe Zone & Joules.

ACCOMODATION

The premises are arranged over ground floor only and provide the following approximate net internal floor areas

Ground Floor

Internal Width                17′ 2”          5.23m

Shop Depth                      89′ 8”         27.4m

Sales                                 1447 sq. ft.  134.44 sq. m

WC

RENT

Rental offers invited.

TERMS

Available on new lease terms to be agreed.

ENERGY PERFORMANCE CERTIFICATE

The property has an EPC rating of C-73. Further details available upon application.

VAT

All figures quoted are exclusive of VAT

COSTS 

Each party to be responsible for their own legal costs incurred in the transaction

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.

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

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:   £47,750
Rates payable for 2021/22:   £23,827 (approx)

BOOST FOR HIGH STREET WITH 50% CUT TO BUSINESS RATES !

In a bid to retain businesses and ‘create stronger high streets’, the chancellor has announced a 50 per cent discount on business rates for retail, hospitality, and leisure businesses in England.

For the next financial year, businesses will be able to claim a 50 per cent reduction in 2022-23, up to a maximum of £110,000.

And from 2023, a new business rates relief will support investment in property improvements so that no business will face higher business rates bills for 12 months after making ‘qualifying improvements’ to their property. This speaks to the government’s drive to meet net zero targets and hopes to encourage businesses to adopt green technology, such as solar panels.

Interested parties are advised to make their own enquiries of the Local Billing Authority


Tenure

Available on new lease terms to be agreed


Viewing

For an appointment to view please contact:

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


Property reference number

Reference: UW887
 

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.