Office for sale

High Street, Bideford

Offers in Region of £225,000

Property Description

Key features

  • Prime High Street trading location
  • Single fronted retail / office unit, currently let to insurance broker with circa 50 branches
  • Upper floors with self contained rear access available to let
  • Rear car parking and garage
  • Has previously achieved rental income of 16,750 per annum
  • Potential rental return of 7.5%

Full description

MORRIS AND BOTT ARE DELIGHTED TO OFFER THIS FREEHOLD COMMERCIAL INVESTMENT WITH GROUND FLOOR RETAIL / OFFICE UNIT AND SELF CONTAINED OFFICES ABOVE. EXISTING BUSINESSES/TENANTS UNAFFECTED.

Offers invited in the region of £225,000 for the Freehold interest.

The Location - Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000. Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton. Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.

The Situation - The premises are situated on the High Street and can also be accessed from New Street. The Towns historic quayside area is close by which is also the location for much of the Towns car parking. Occupiers in the immediate vicinity include Vision Express, Lloyds Bank, New Look, Original Factory Outlet, M & Co, Co-Op Pharmacy and Poundstretcher.

The Accomodation:- -

Ground Floor - SHOP / OFFICE UNIT
Single fronted shop unit, shop depth 26`10 (8.15m) x width 16'7 (5.05m) archway to:-

Rear STORE, KITCHENETTE and TOILET

Upper Floors - With self contained access from New Street, being a suite of 6 offices over three floors, providing circa 846 sq.ft (79 sq.m), the premises are also available to let with a private and gated car parking area for 2 / 3 vehicles and garage / store.

The Property & Construction - Being of four storey construction under a pitched slate roof, the ground floor single fronted shop premises provide circa 445 sq.ft (41 sq.m) with rear store, kitchenette and toilet facilities. The uppers floors have a self contained rear access from New Street and offers office accommodation over 3 floors, as well as rear car parking and garage / store.

The Proposal - Our clients are inviting offers for the Freehold interest with the property being sold with the benefit of the existing tenancy. The ground floor is let to Higos Insurance Services Limited at a rent of £12,000 per annum on a 6 year lease from October 2015. There is a tenants only break clause at year 3. The self contained upper floors, car parking and garage are currently available for rental and would suit professional services as a whole or potentially can be let out individually to start up businesses or individual office space.

Epc - Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.

Vat - Payable, if applicable, at the prevailing rate.

Viewings - Viewings by appointment only through Morris and Bott, Grenville Wharf, 6a The Quay, Bideford, EX39 2HW. Tel: 01237 459998.


More information from this agent

Nearest station

  • Barnstaple (7.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morris and Bott, Bideford

Grenville Wharf, 6a The Quay, Bideford, EX39 2HW

01237 720022 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 station

  • Barnstaple (7.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morris and Bott, Bideford

Grenville Wharf, 6a The Quay, Bideford, EX39 2HW

01237 720022 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 26481583. 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 Morris and Bott, Bideford. 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.

Map data OpenStreetMap contributors.