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Restaurant for sale

Bridge Buildings, The Square, Barnstaple, Devon, EX32

Sold STC £12,500

Property Description

Full description

Tenure: Leasehold

LOCATION
The retail economy of Barnstaple is vibrant with new developments, including the enhancement of Green Lanes Shopping Centre and the new retail park at Anchorwood on the opposite bank of the River Taw. Here a new Asda supermarket will be built and the site is earmarked for further retail and catering outlets. The premises here at Friendship House will be en-route, via the Square, to the bridge over the river which will increase footfall past the front door.

THE PROPERTY
The premises comprise of a ground floor lock-up retail area of approximately 1,250 sq ft with three ground floor cloakrooms and commercial kitchen. To the rear at first floor level is a further room with frontage to Maiden Street. The premises have for many years been used as a busy day time cafeteria and are now offered with vacant possession. Ideal for a variety of trades or equally can be reinstated as a café.

TENURE
The premises will be offered on the basis of a brand new lease on internal repair, insuring and decorating terms for a period of years to be agreed between the parties, ideally for 7 plus years duration, at a commencing asking rental of £12,500 per annum.

THE PROPOSAL
Webbers Commercial are acting on behalf of the Barnstaple Bridge Trust offering the ground floor of this grade II listed building on the basis of a brand new lease. An incoming tenant will need to provide the usual trade and bank references for landlord's approval.

The accommodation briefly comprising


VAT 
The Bridge Trust is not currently VAT registered though the lease terms provide for VAT to be charged in the future should this change. All interested parties should make their own enquiries of HMRC.

FRONT SECTION 
Internal Depth 9.75m

MID SECTION 
4.42m x 6.93m

REAR SECTION 
4.75m x 2.39m
If returned to use as a cafeteria, the Ground Floor can accommodate approximately 60 covers with a counter servery area with cupboards and storage space. Within the ground floor there are 7 radiators, access is gained to

INTERNAL KITCHEN AREA 
3.35m x 3.28m
Double bowl stainless steel sink unit with drainer, laminated work tops with cupboards and drawers under, ceiling fan and window extractor fan.

INNER LOBBY 
Accessed from the mid section of the cafeteria. Access to

THREE CLOAKROOMS 

FIRST FLOOR 
To the rear there is a further room measuring 7'5" x 26'3"

SERVICES 
All mains connected

VIEWING 
Strictly by appointment through the selling Agents.

RATEABLE VALUE 
£14,500 per annum. UBR, as of April 2015, 49.3p 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.

INTERNAL FRONTAGE 
4.65m

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