74 High Street Barnstaple Devon.

Property information

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Status: For Sale
Price: £375,000
Tenure: Freehold

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. The town offices 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, Plymouth & Bristol.

Location:

 

The location is prime. Adjacent to Costa, H Samuel Jewellers, opposite Poundland and Banbury`s Department Store the shop is only a few doors from ‘WH Smith/ Post Office , Marks & Spencer and not far from Green Lane Shopping Center. The town center comprises many major national names, complimented by interesting local traders and this is a very unusual opportunity to trade right in the heart of the town. Good public car parking facilities and there is a branch line railway station and a good array of facilities for a town of its size. With Exmoor National Park to the north and the glorious coastline nearby where fabulous sandy beaches are interspersed by rugged cliffs it is easy to see why the region is so popular.

 

  ft m Sq. Ft m2
Gross External Frontage 15’0” 4.6    
Shop Depth 44`2” 13.4    
Ground Floor Retail Area 568 52.7
First Floor Retail     578 53.7
Second Floor     474 44.0

 

Second Floor:       WC          Kitchen Area

 

Overall Space (over 3 floors)  1593 sq ft (148 m 2 )

ZONE A Retail Space : 212 sq ft (19.7 m 2)

ZONE B Retail Space : 287 sq ft (26.7 m 2)

ZONE C Retail Space: 46 sq ft (4.25 m 2 )

FIRST FLOOR RETAIL SPACE : 575 sq ft (53 m 2 )

SECOND FLOOR : Internal Storage : 209 sq ft

Office : 47 sq ft (4.4 m 2 )

 

Lease

 

The premises are LET on a 5 year lease from 16 November 2018 (copy available for inspection), current rent £21,500 pa rising to £22,500 in November 20; £23,750 pa in Nov ’21; £25,000 pa  in Nov ’22. Tenant Option Break Clause in November 2020. Tenant responsible internal repairs/decoration. Landlord exterior.

Rates:

 

Rateable Value:                                    £31,000

Rates Payable 2020/21                    £15,400 (approx.)

 

Proposal: Our client is selling the incoming producing freehold interest in the property.

 

Price: £375,000

 

Legal Costs:

 

Each party to bear their own legal costs in this transaction.

 

VAT – The property is not registered for VAT and is not currently chargeable .

 

Viewing:

 

For an appointment to view please contact:

 

Dean Warmington: Underwood Warmington

Tel:           01271 378731

Email:      dean@underwoodwarmington.com

Mobile:                  07971 830 881

 

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:   £0
Rates payable for :   £0 (approx)


Tenure

This property is available to purchase FREEHOLD subject to existing Lease.


Viewing

For an appointment to view please contact:

Dean Warmington
Tel: 01271 378731
Email: dean@underwoodwarmington.com
Mobile: 07971830881


Property reference number

Reference: UW845
 

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.