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Underwood Warmington are pleased to be appointed SOLE LETTING AGENTS of this well known High Street property at Northgate, located opposite National chains, ICELAND, SAVERS (health & beauty), ANY TIME FITNESS (gym) and NORTH DEVON HOSPICE, BARNSTAPLE COFFEE SHOPPE, CREATURE COMFORTS & PRIMARK.

The premises benefits from an extensive retail frontage on the High Street and has, until recently, been occupied by Warren’s Bakers.

Our clients our pleased to offer a NEW LEASE on this property. Alternatively they may consider a sale of the freehold interest subject to agreeing acceptable terms.

In excessive of 1200 sq ft (114m2) is provided arranged over ground & first floor as follows:-

GROUND FLOOR

ZONE A  : 568 sq ft (52.7m2)

ZONE B :  165 sq ft (15.2m2)

FIRST FLOOR

500 sq ft (46m2) in two areas. WC facilities. AGENTS NOTE: The first floor can be accessed via a seperate entrance at the rear of the property if desired.

EPC

Rated C Score 70

LOCATION

Barnstaple is the regional
administrative and commercial centre
for the North Devon area, located
approximately 45 miles from Exeter
and 50 miles from Taunton, accessed
via the A361 ‘North Devon Link Road’
which joins the M5 at junction 27.
The estimated PROMIS ‘Shopping
Population’ (those who regard the
town as their main shopping
destination) is 119,000, boosted
significantly by tourism to the region.

Business rates

Rateable value:	£20,500
Rates payable for 2019/20:	£6,710 (approx)

Small Business rates relief may apply. Visit : www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief

SMALL BUSINESS RATE RELIEF

You can get small business rate relief if:

your property’s rateable value is less than £15,000
your business only uses one property - you may still be able to get relief if you use more

Contact your local council to apply for small business rate relief.

What you get :-

You will not pay business rates on a property with a rateable value of £12,000 or less.

For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.

Examples

If your rateable value is £13,500, you’ll get 50% off your bill. If your rateable value is £14,000, you’ll get 33% off.

If you use more than one property
When you get a second property, you’ll keep getting any existing relief on your main property for 12 months.

You can still get small business rate relief on your main property after this if both the following apply:

none of your other properties have a rateable value above £2,899
the total rateable value of all your properties is less than £20,000 (£28,000 in London)

RETAIL DISCOUNT

You could qualify for retail discount if your business:

is a shop, restaurant, café, bar or pub
is in England
has a rateable value of less than £51,000
Contact your local council to find out if you’re eligible.

What you’ll get
If you’re eligible, you could get a third off your business rates bill.

You can get the retail discount on top of any other business rates relief you’re eligible for.

The retail discount is available for the 2019 to 2020 and 2020 to 2021 tax years.