Shop for saleBoutport Street, Barnstaple, Devon, EX31
The subject premises occupy a secondary trading position, opposite the junction of Boutport Street and Bear Street, adjoining Bond Oxborough Phillips Estate Agents on one side and Midwinter Koval Letting Agents on the of the side, opposite Staggs Estate Agents and close to the Queen's Theatre. Therefore the property is in a highly visible and convenient location.
Barnstaple is considered North Devon's premier commercial centre having a population in excess of 35,000 inhabitants and serving a rural hinterland with a population in excess of 130,000 inhabitants.
We are acting on behalf on the Landlord who has let the ground floor lock-up premises as a takeaway on the residue of a 20 year lease at a current rent of £10,000 per annum. With an ingoing premium of £130,000. We understand the rent review pattern is every 5 years and the lease is based on full repair and insuring terms. A copy of the lease is available for inspection at the agent's offices.
This investment opportunity provides a guaranteed income from this ground floor lock-up unit.
The purchase price is for the Ground Floor which is on a 999 year lease from September 1998.
The accommodation briefly comprising:
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