Specialist commercial property consultants

8 Well Street Barnstaple Devon EX32 8HU

Property information

Status: SOLD
Price: Confidential Agreement
Tenure: Freehold

Rarely do freehold Commercial Premises  become available to purchase in Barnstaple and thus UNDERWOOD WARMINGTON are delighted to have been appointed Sole Selling Agents of number 8 Well Street, Barnstaple.

The building is well known locally trading for over 30 years as a jewelers/ goldsmiths. The owner has now retired hence the reason for sale. The property is close to both Boutport Street and High Street and most of us will have taken the shortcut to the bus/coach station alongside the Royal & Fortescue Hotel. We consider these premises provide a good location from which to do business.

The existing planning use is Class A1 (shops) but clearly other uses would be well suited here including Class A2 (financial and professional services) and Class A3 (food and drink), subject to obtaining the necessary planning change of use. Interested parties are advised to discuss alternate uses of the property with North Devon Council via their planning department, telephone 01271 388 288.

An owner occupier would be see the availability of this property as an excellent opportunity to operate their own business from this well positioned site. Alternatively an investor will see the potential of purchasing the freehold interest and letting the property to a suitable tenant, thus creating an annual income and return on capital employed. We are pleased to discuss this process with interested parties.

The Property Comprises:- (approximate measurements):-

EXTERNAL FRONTAGE: 24' 6'' (7.5M)

NET INTERNAL FRONTAGE: 19' 6'' (6M)

BUILT DEPTH: 23' 8'' (7.3M)

ARRANGED CURRENTLY AS:

AREA 1 (Front) : 19' 6'' (6m) x 11' (3.4m)

AREA 2 (Rear) : 12' 3'' (3.8m) x 12' (3.7m) Sink unit with water heater

AREA 3 (Side) : 11' 3'' (3.4m) x 7' 3'' (2.2m) WC

From the front of the property is double wooden door access to a useful side entrance/store.

We hold keys to this property so if you wouold like to take a look, just give us a call. T: 01271 378731


Business rates

Rateable value: £4350
Rates payable for 2017/18: £2105

Please note that the rates payable figure takes no account of Small Business Rate Relief, where qualifying companies will be able to secure 100% relief in this case. Further information upon request.


Tenure

Freehold.


Property reference number

Reference: UW821
 

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.

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