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Commercial Property for sale

Boutport Street, Barnstaple, Devon, EX31

£325,000

Property Description

Full description

Tenure: Freehold

LOCATION
The premises occupy a busy town centre trading position located at the southern end of Boutport Street, close to the junction with the main High Street. The premises adjoin Youing's toy shop on one side and a hairdressers on the other and are close to the Royal and Fortescue Hotel. The premises have a long frontage on to Boutport Street and the benefit of a separate staircase to the upper floors.

Barnstaple is North Devon's regional centre with a host of shopping facilities and supermarkets and a regional railway station leading to Exeter and the main network. The town has a population in excess of 27,500 inhabitants and serves the local rural community with the hinterland having a population of over 130,000 inhabitants.

THE PREMISES
The premises comprise of a ground floor shop of approximate measurements 59'8" maximum depth x 23'2" maximum width. The upper floors are accessed from a side entrance hall with a communal staircase to the first floor and a self-contained office.

To the second floor there is a two bedroom self-contained spacious apartment and to the top floor, two spacious rooms considered for further conversion to an apartment, subject to obtaining the usual planning consents.

TENURE
The ground floor shop is available to let at a rental of £14,000 per annum on the basis of a lease, details of which are to be made available to seriously interested parties.

The first floor offices are now vacant. The passing rent is £3,000 per annum.

The second floor self-contained 2 bedroom apartment is currently offered with vacant possession but could easily be let at a rental in the region of £595 per calendar month The two top floor rooms are currently vacant but could easily be converted to a 1 or 2 bedroom flat, subject to usual building regulations and planning consents to provide a further supplementary income.

This is a mixed residential and commercial investment opportunity with a possibility of providing an income. If all floors are fully let subject to all necessary consents and conversions the income would be in the region of £32,000 per annum.

The accommodation briefly comprises:


BEDROOM 1 
4.57m x 5.0m

BEDROOM 2 
2.97m x 3.15m

ROOM 1 
4.72m x 7.65m
L-shaped. Dormer window UPVC double glazed.

ROOM 2 
4.72m x 2.67m
Irregular shaped. Entrance to roof space.

AGENT'S NOTES 
The premises will be offered for sale, subject to the lease of the ground floor, the upper floors being with vacant possession. We understand that the property is in a conservation area.

SERVICES 
Mains electricity, water, drainage.

RATEABLE VALUE 

VIEWING 
Strictly by appointment through the selling Agent.

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

GROUND FLOOR 

MAIN SHOP 
12.1m maximum depth x 7.06m maximum width - First floor kitchen/office, stainless steel sink unit and access to the two cloakrooms. Separate door leads to communal entrance foyer and communal stairs to first floor with a self-contained office briefly comprising:

FIRST FLOOR 

OFFICE SUITE 

MAIN RECEPTION 
2.54m x 2.84m

KITCHEN 
4.8m x 2.92m

UTILITY ROOM 
2.62m x 4.67m
Leading to separate shower and WC

STAIRS TO TOP FLOOR 

STAFF CLOAKROOM 

SMALL LANDING 

OFFICE 1 
4.34m x 4.98m

OFFICE 2 
3.58m x 3.91m

OFFICE 3 
2.5m x 4.42m

STAIRS TO SECOND FLOOR 

SELF-CONTAINED FLAT 
Briefly comprising:

LOUNGE 
3.86m x 4.14m
Intercommunicating door to -

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