The Rising Sun, 87 Boutport Street, Barnstaple, Devon EX31 1SR
- PROPERTY TYPE
Mixed Use
- BEDROOMS
11
- BATHROOMS
3
- SIZE
Ask agent
Key features
- For Sale By Unconditional Livestream Auction Thursday 8th May 2025 at 14.00pm
- Mixed Commercial / Residential Investment
- Vacant Ground Floor Unit Ready for Leasing
- HMO and Flat Part Rented Producing a Current Income of £38,940 pa
- Full Income of Residential Units £6,460 pa Achievable When Fully Let
- Central Barnstaple Location
Description
**Guide Price £380,000+ (plus fees). For Sale by Unconditional Livestream Auction Thursday 8th May at 14:00. A mixed use Grade II listed freehold building comprising of substantial, currently vacant, Commercial premises on the ground floor with part tenanted HMO and flat set across three floors above. Legal Pack via our website.
Mixed Use Investment
A Grade II listed, End Terrace centrally located FREEHOLD building, comprising of substantial, currently vacant, Commercial premises on the ground floor. A part tenanted HMO and flat set across three floors is above, entered by separate access.
AUCTIONEERS NOTE The ground floor commercial property has been refurbished and although is currently vacant, there are interested parties that are in negotiations to occupy.
The Commercial income (subject to VAT at 20%) is currently being negotiated at:
- Year 1: £12,000
- Years 2 & 3: £24,000
- Years 4, 5 & 6: £30,000
- Years 7, 8 & 9: RPI upward increase only
- Ingoing premium of £20k (negotiable)
The tenanted property currently produces an income of £3245pcm but has an estimated income of £6460 when fully let.
ACCOMMODATION Commercial area comprises of front bar area, 3 seating areas, dancefloor area, toilets, kitchen area (not fitted), store room.
Residential Letting is set over floors one, two and three including the rear tenement, and comprises of 11 letting rooms, 3 bathrooms / shower rooms, communal kitchen / dining space and a 1 bedroom flat.
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS Please telephone Auction House South West on to request a viewing.
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.
Tenure: Freehold
EPC Rating: See legal pack
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
The Rising Sun, 87 Boutport Street, Barnstaple, Devon EX31 1SR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station0.5 miles
- Chapleton Station4.7 miles
About Auction House, South West
Suite 204B, Second Floor, Studio 5-11, Millbay Road, Plymouth, Devon, PL1 3LF
Notes
Disclaimer - Property reference 202504081351sq_axad. 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 Auction House, South West. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, South West on 01752 741383.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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