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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 well known secondary location easily accessed on foot or via vehicle. There are two large open surfaced car parks at the rear of the property providing 350 car parking spaces. Adjoining traders include hairdresser, take – away, restaurant, a gaming centre, large furniture store, launderette, various offices and a pub.

ACCOMODATION

The premises are located to the east of the main centre on the approach road to Green Lanes Shopping Centre car park. Nearby occupiers include various offices, a dentist, care home, motor car repair garage, restaurant/take-aways, and mixed residential occupiers. 4x on-site car parking spaces are included within the demise.

Ground Floor

Overall ground floor space          1741 sq. ft.  (162m2)

Largely open plan cooking/preparation area, cold room, bottle store, serving/waiting area, office, store area, preparation area and 2 x WC’s.

Suspended ceiling throughout, ceramic wall tiling, non-slip floor covering. Fully air conditioned.

The accommodation is single storey, ground floor.

SERVICES

Mains water, electricity and drainage connected.

PLANNING PERMISSION

The existing Planning Permission allows Use under the previous A5 category (Hot Food Take-Away). This Class is now incorporated within the wider Classes E (e-f) and F1. This new Class will now encompass retail, financial services, professional services, other appropriate services in a commercial business or service locality, food and drink for consumption (mainly) on the premises, indoor sport, recreation or fitness, medical or health services and uses which can be carried out in a residential area without detriment to its amenity. The premises will thus be suited to a number of business uses outside restaurant/take-away use.

TERMS

The premises are available by a sub lease within approximately 8 years to run. Rental £15,000 per annum.

ENERGY PERFORMANCE CERTIFICATE

An EPC has been commissioned.

VAT

All figures quoted are exclusive of VAT.

COSTS 

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

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

 

Business rates

Rateable value:	£10,500
Rates payable for 2022/232:	£5,197 (approx)

These premises may qualify for 100% relief from Business Rates under the small business rate relief scheme. Additionally the following will apply generally.

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.