Commercial Property for saleJoy Street, Barnstaple, Devon, EX31
In a busy town centre trading position close to the junction of Joy Street and High Street and the main entrance to Green Lanes shopping centre the property is therefore ideally placed for passing trade. Joy Street connects Boutport Street to the main High Street and there are a number of traders within the vicinity including Banburys Department Store, TSB Bank, TK Maxx, Poundland, butchers, hairdressers, gift shops etc.
Barnstaple is recognised as North Devon's regional centre having a population in excess of 27,500 inhabitants and serving a rural hinterland with a population in excess of 130,000 inhabitants.
The premises comprise of a mid-terrace commercial property with accommodation on the ground floor and two floors over. The ground floor offers a retail area of approximately 640 sq ft with the benefit of a first floor stock room and ground floor cloak room and small staff kitchenette. The upper floors approached from a separate ground floor lobby and staircase with hallway provides to the first floor a two bedroom self-contained apartment and to the second floor a one bedroom self-contained apartment. In addition there is a further second floor store to the rear which has the potential to convert to a self-contained bed sitting room, subject to planning consent.
The ground floor is currently let to the RSPCA charity on a one month rolling lease at a rental of £12,000 pa.
The first floor is let on a shorthold tenancy agreement and has been let at a rent of £550 pcm.
The second floor was vacant at the time of our inspection (December 2015) but has been let in the past at a rental of £495 pcm.
This property is available as a mixed residential/commercial investment in a busy trading position or could be acquired by an owner occupier to establish a new business. In the past it has been used as a glassware gift shop and has the benefit of attractive window display facilities with a frontage of approximately 16'.
Please note a flying freehold exists over the jewellery shop at a peppercorn rent.
The accommodation briefly comprises:
Internal Width 4.78m x Internal Depth 8.03m (Plus Window Recess 0.91m) - Alcove on the left to the rear for changing cubicle. Door from shop gives access to
GROUND FLOOR STOCK ROOM
5.3m x 3.78m
Formerly used as an additional retail area.
GROUND FLOOR KITCHENETTE
3.78m x 1.04m
FIRST FLOOR STORE ROOM
4.57m x 4.42m
Utilised by the charity for stock room purposes.
SECOND FLOOR ADDITIONAL STORE
5.16m x 5.03m
L-Shaped. Ideal for conversion to a further bed sitting room, subject to planning consent.
Approached from a separate doorway on the ground floor to the left of the pavement. Giving access to
COMMUNAL ENTRANCE HALL
STAIRS TO FIRST FLOOR
FIRST FLOOR APARTMENT
Approached from communal staircase. Usually let at a calendar rent of £550 per calendar month.
3.5m x 5.97m
With radiator and built in cupboard
3.38m x 2.6m
With panel bath and built in cupboard with electric heated system for radiators. With access to
With low level WC
STAIRS TO SECOND FLOOR APARTMENT
THROUGH REAR LANDING
SHOWER ROOM WC
6.1m x 3.78m
3.43m x 4.85m
3.12m x 4.57m
With usual facilities
The property is pavement fronting and there are no rear yards or garden, however there is a very small area to access the drains.
£14,500 per annum. UBR, as of April 2017, 47.9p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
COUNCIL TAX BAND
Both apartments - A NORTH DEVON COUNCIL
Mains electricity, water and drainage.
Strictly by appointment through the selling agents.
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC
WEBBERS DO NOT JUST SELL HOUSES
Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk
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