Shop for sale

Market Street, Barnstaple, Devon, EX31

£8,000

Property Description

Full description

Tenure: Leasehold

LOCATION
The premises are located in a parade of shops in the centre of town linking Joy Street and the Pannier Market, to the rear of Banbury's High Street store making this a busy pedestrian thoroughfare, therefore ideal for passing trade. Operators within the parade include catering, hairdressers, nail bars, charity shops etc.

Barnstaple is North Devon's main commercial centre having a population in excess of 35,000 inhabitants, boosted throughout the year with the influx of tourists and serving a rural hinterland with a population in excess of 130,000 inhabitants. There are excellent road and rail links via the North Devon Link Road (A361) to Junction 27 of the M5 Motorway and via the Tarka Line to Exeter and the main railway network.

THE PREMISES
The property comprises of a ground floor lock up shop offering some 469 sq ft of retail space plus a further 202 sq ft of stock room and cloakroom. The premises have been used in the past as a lighting/electrical retailer and most recently as a ladies lingerie shop. It is ideally placed to take full advantage of passing trade and would suit a variety of operators.

TENURE
The premises are offered on the basis of a brand new lease with a commencing asking rental of £8,000 per annum exclusive on full repairing and insuring terms with the tenant paying a contribution towards insurance and repairs on the entire block. This is one of seven units in Market Parade owned by the same landlord. An incoming tenant will need to provide the usual trade and bank references for landlord's approval.

New lease terms available. A 3 year lease, with a tenant break option at 18 months. Commencing rental of £8,000 per annum in Year 1, rising to £9,000 per annum in Year 2.

The accommodation briefly comprises

MAIN SHOP 
7.7m x 8.66m
Being 'L' shaped. In all offering approximately 469 sq ft. The premises narrow to the rear to 15'6" (4.72m)

STOCK ROOM 
5.33m x 2.64m

STAFF CLOAKROOM 
Accessed through store room. With low level toilet and wash hand basin.

RATEABLE VALUE 
£12,000 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.

VAT 
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC

VIEWING 
Strictly by appointment through the selling Agents.

More information from this agent

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Barnstaple

39-41 Boutport Street, Barnstaple, North Devon, EX31 1SA

01271 604026 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Barnstaple (0.5 mi)
  • Chapleton (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Barnstaple

39-41 Boutport Street, Barnstaple, North Devon, EX31 1SA

01271 604026 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference BAR150405. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers Property Services, Barnstaple. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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