Cross Street, Barnstaple, Devon, EX31
Offers in Region of
£295,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Shop for sale
Key features
- Town Centre location close to High Street with other occupiers close by including Lloyds Bank, Estate Agents and Solicitors
- Prominent frontage with ground floor let to Estate Agents
- Self-contained side entrance to upper floors consisting first floor office suite let to marketing agency and separate 2 bedroomed flat (let)
- Refurnished flat consisting of 2 bedrooms, kitchen/diner, lounge, shower room all with central heating
- Total rental income £26,750 per annum
- For sale with existing tenancies, businesses unaffected
Description
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 les) and Torrington (14 miles) are also nearby.
THE SITUATION
The premises are situated on Cross Street, which links to the Town's High Street and the riverside Strand. There are a wide variety of retail, office, service and leisure operators in the immediate vicinity including Lloyds Bank as well as professional services including Estate Agents and Solicitors.
THE PROPERTY AND CONSTRUCTION
The property is of three storey construction with a prominent single fronted office / shop at ground floor and rendered elevations at first and second floors to the front and tile hung upper floor elevation to the rear. To the rear of the building is a single storey extension providing additional space for the ground floor office / shop premises which has a main office of 996 sq.ft (93 sq.m) and specification including gas central heating, LED lighting and meeting. To the side of the property is a self-contained entrance to the separate office suite and separate flat, with the office suite comprising of 4 offices of 802 sq.ft (75 sq.m) plus kitchen and toilet facilities. The refurbished and centrally heated flat offers 2 bedrooms, kitchen/diner, lounge and shower room.
THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with the benefit of the existing tenancies.
Shop - Let for £12,000 per annum, on a 10 year lease term, from September 2021, Tenants break clause at year 5 with 6 months notice.
Office - Let for £5,750 per annum, on a 6 year lease term, from December 2020.
Flat - £9,000 per annum, let on an Assured Shorthold Tenancy agreement.
Total rent roll £26,750 pa
Lease held on an internal repairing and insuring basis, with service charge for external repairs.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for copies of the Energy Performance Certificates and Recommendation Reports.
VAT
If applicable, at the prevailing rate.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Single fronted SHOP / OFFICE UNIT
GIA 996 sq.ft (93 sq.m) Incorporating meeting room and office, LED lighting, false ceiling
TOILET FACILITIES
STORE / KITCHEN
With base unit, stainless steel single drainer sink, hot water heater
Self-contained side entrance door off Cross Street to upper floors
FIRST FLOOR
OFFICE SUITE
802 sq.ft (75 sq.m) Consisting of 4 offices plus kitchen and 2 toilets. Specification including intercom door release, electric heating, double glazing
SECOND FLOOR
FLAT
Entrance hallway, gas central heating, kitchen, lounge / diner, 2 bedrooms, 3-piece shower room with double shower
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
TEL: / E-MAIL:
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 les) and Torrington (14 miles) are also nearby.
THE SITUATION
The premises are situated on Cross Street, which links to the Town's High Street and the riverside Strand. There are a wide variety of retail, office, service and leisure operators in the immediate vicinity including Lloyds Bank as well as professional services including Estate Agents and Solicitors.
THE PROPERTY AND CONSTRUCTION
The property is of three storey construction with a prominent single fronted office / shop at ground floor and rendered elevations at first and second floors to the front and tile hung upper floor elevation to the rear. To the rear of the building is a single storey extension providing additional space for the ground floor office / shop premises which has a main office of 996 sq.ft (93 sq.m) and specification including gas central heating, LED lighting and meeting. To the side of the property is a self-contained entrance to the separate office suite and separate flat, with the office suite comprising of 4 offices of 802 sq.ft (75 sq.m) plus kitchen and toilet facilities. The refurbished and centrally heated flat offers 2 bedrooms, kitchen/diner, lounge and shower room.
THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with the benefit of the existing tenancies.
Shop - Let for £12,000 per annum, on a 10 year lease term, from September 2021, Tenants break clause at year 5 with 6 months notice.
Office - Let for £5,750 per annum, on a 6 year lease term, from December 2020.
Flat - £9,000 per annum, let on an Assured Shorthold Tenancy agreement.
Total rent roll £26,750 pa
Lease held on an internal repairing and insuring basis, with service charge for external repairs.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for copies of the Energy Performance Certificates and Recommendation Reports.
VAT
If applicable, at the prevailing rate.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Single fronted SHOP / OFFICE UNIT
GIA 996 sq.ft (93 sq.m) Incorporating meeting room and office, LED lighting, false ceiling
TOILET FACILITIES
STORE / KITCHEN
With base unit, stainless steel single drainer sink, hot water heater
Self-contained side entrance door off Cross Street to upper floors
FIRST FLOOR
OFFICE SUITE
802 sq.ft (75 sq.m) Consisting of 4 offices plus kitchen and 2 toilets. Specification including intercom door release, electric heating, double glazing
SECOND FLOOR
FLAT
Entrance hallway, gas central heating, kitchen, lounge / diner, 2 bedrooms, 3-piece shower room with double shower
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
TEL: / E-MAIL:
Brochures
Cross Street, Barnstaple, Devon, EX31
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station0.4 miles
- Chapleton Station4.7 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 1290. 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 JD Commercial, Devon. 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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