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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:

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