High Street, Barnstaple, Devon, EX31

LOCATION
With over 40,000 inhabitants including nearby villages, Barnstaple is a thriving town near to beautiful beaches and countryside, and the centre of North Devon in commerce, culture, education and service provision. It has a wide variety of businesses attracting tourists and permanent residents year-round, including a vibrant and diverse collection of bars and restaurants for evening footfall. Barnstaple is easily reached via the A361 which leads to the M5 at Junction 27, has a station with hourly trains to Exeter at peak times, and Exeter airport is an hour away. The town is rapidly expanding with several new housing and commercial developments currently underway, and more than 5,000 new houses and further economic development planned for the near future. The notable towns of Bideford (9 miles), Woolacombe (14 miles), Ilfracombe (12 miles), South Molton (12 miles) and Torrington (14 miles) are also nearby.

THE SITUATION
Occupying a highly prominent High Street location, adjacent to Marks and Spencer and opposite the entrance to both the Pannier Market and Butchers Row. There are a wide variety of national retailers close by including O2, Mountain Warehouse, Café Nero, WH Smith and Accessorize.

THE PROPERTY AND CONSTRUCTION
The highly prominent High Street premises is Grade II* Listed and was significantly refurbished prior to the occupation of Pizza Express approximately 14 years ago. Parts of the building date back to the 16th Century although during the mid 20th Century it was again significantly renovated. Of 3 storey construction, plus attic, the property has a pitched slate roof, stonework and single frontage ground floor, with timber bay window at first floor with detailed leadwork to the majority of the windows. Inside the modernised premises has an open bar servery and kitchen at ground floor with covers for 28 whilst still retaining period features such as fireplace, exposed beams and stonework. The first floor again offers modernised and period space with further covers for 44 as well as toilet facilities. The upper floors are utilised for office and storage space with further ground floor areas providing kitchen preparation as well as both a walk in fridge and freezer. To the front of the premises there has previously been further table and chair seating on the High Street, made available by way of a pavement licence.

THE PROPOSAL
The premises are available by way of a new lease, to be held on a full repairing and insuring basis.

THE STOCK
Any current stock to be purchased at valuation upon completion.

THE INVENTORY
The property is let with an inventory of trade fixtures, fittings and equipment (these to be retained within the ownership of the Landlords) and include pizza oven, walk in fridge and freezer, bottle fridges, oven, extraction, dishwasher. Consideration will be given to Tenant purchase of the fixtures and fittings if preferred, likewise some of the equipment can be removed if desired, subject to negotiation with the Landlords.

LICENCE
The property benefits from a Premises Licence.

VAT
Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

GROUND FLOOR

RESTAURANT
57`9 x 15`1 (17.60m x 4.60m) Glazed entrance lobby, tiled floor, single frontage with leadwork windows, covers for circa 16, open bar servery, undercounter draught beer lines, 3 double chillers, spot lighting, stone fireplace with exposed wooden beam, beamed ceiling, breakfast bar seating for 8, booth seating for 4. Open kitchen area with stainless steel wash hand basin, 2 x 3 compartment fridges with salad pots, 3 bay pizza oven, stainless steel wash hand basin, tiled walls, non-slip floor

DISABLED TOILET

KITCHEN
Dumb waiter to first floor, stainless steel sink, dishwasher, glass washer, electric 6 burner oven, tiled walls and floor

Walk in freezer

Walk in fridge

DRY STORE

FIRST FLOOR

RESTAURANT
35`3 x 15`7 (10.75m x 4.75m) Wood flooring, coves for circa 36, worktop, stainless steel wash hand basin, stone and tiled fireplace, 2 oak panelling, beamed ceiling, leadwork windows, electric heating, bay window over High Street. Galley seating for a further 8 covers with beamed ceiling

TOILETS
3 x cubicles each with low level w.c., wash hand basin. Cloakroom area with tiled floor

STAFF ROOM

SECOND FLOOR

OFFICE

STOCKROOM

PLANT ROOM

THIRD FLOOR

OFFICE

OUTSIDE
Previous pavement licence for table and chair seating on the High Street.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.


IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1. The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.
2. All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3. No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4. No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1. All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full. However we are also trying to represent our clients' properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
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