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Commercial Development for sale

6 and 6a Mill Street, Bideford, Devon

Offers in Region of 1 sq. ft. | £345,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

* Two lock up shop units, producing £18,200 per annum
* Same occupation of one of the commercial units since 2006
* Two self contained flats on upper floors £10,200 per annum
* Same occupation of one of the residential units since 2010
* Total rent roll £28,400 per annum
* Extensive renovation and refurbishment undertaken during 2005 and 2006
* Prime trading location adjacent and opposite national retailers

Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000. Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.

The property is situated within the pedestrianised area known as Mill Street, close to the entrance to the town's High Street and is located adjacent to WH Smith and opposite Co-Operative Food. Other operators in the immediate vicinity include Barclays Bank and First Choice Travel Agents. Mill Street has undergone considerable investment of recent years including mixed residential and commercial development scheme.

The main building is of three storey construction under a pitched slate roof, with latter single storey extensions to the rear providing storage and toilet facilities for the commercial units. 6 and 6a Mill street are both single fronted shop units and provide approximately 210 sq.ft (20 sq.m) and 202 sq.ft (19 sq.m) respectively with both having rear storage and shared toilet facilities. The upper floors have a self contained access, with 2 x one bedroomed flats, one on each floor. A significant part of the premises were rebuilt and renovated between 2005 and 2006 with the premises now offering a fully let investment with low Landlord management input.

6 Mill Street - Let to Mr D Byrne for use as a butchers. Currently holding over having been in occupation since January 2007, current rent £10,200 per annum.

6a Mill Street - Let to Ms S Kirby for use as a Home Accessory and Gift Business. 3 year lease from May 2014, current rent £8,000 per annum.

Both flats are let for £5,100 per annum, with one of the tenants having been in occupation for 5 years.

Total rent roll - £28,400 per annum.

Our clients are inviting offers for the Freehold interest with the benefit of the current tenancies.

Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.

Payable, if applicable, at the prevailing rate.


6 Mill Street let to Mr D Byrne
GIA 210 sq.ft (20 sq.m) Operating as a butchery business, rear preparation room and covered courtyard with walk in chiller

6a Mill Street let to Ms S Kirby
GIA 202 sq.ft (19 sq.m) Operating as a home accessory and gift business, adjoining stock room / office

Shared toilet facilities

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.

JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1. The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.
2. All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3. No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4. No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

1. All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full. However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357

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