Water Gate, 7 The Strand, Barnstaple, EX31 1EU

Description
The Water Gate comprises an end of terrace building of brock construction with painted and rendered elevations under a pitched roof. It is laid out on ground and two upper floor levels. Externally there is a customer terrace which is outside of our clients freehold title but held by way of a pavement licence from the local authority. It seats 40 customers.

Location
Barnstaple is a historic market town located in North Devon, South West England, situated approximately 34 miles northwest of Exeter and 10 miles south of Ilfracombe. The town serves as a key commercial and administrative centre for the surrounding region and lies on the banks of the River Taw. Barnstaple is well connected by road via the A361 North Devon Link Road and benefits from regular rail services to Exeter via the Tarka Line. The area is also served by a number of bus routes offering convenient access to nearby towns and villages across North Devon.

The Watergate occupies a prominent position on The Strand in the centre of Barnstaple, overlooking the River Taw and just a short distance from Barnstaple’s main retail area. Barnstaple railway station is located approximately 0.5 miles to the north east. The surrounding area is a mix of commercial and leisure uses, with nearby occupiers including the Museum of Barnstaple and North Devon, The Royal & Fortescue Hotel and The Imperial Hotel and a range of independent shops and restaurants. The popular Green Lanes Shopping Centre and Barnstaple Pannier Market are also within close proximity.

Accommodation
Ground Floor: Trading accommodation with bar servery to one side with a variety of fixed booth seating, loose tables and chairs for approximately 280 covers. A catering kitchen, beer cellar, staff changing facilities and various stores are also provided at this level.

First Floor: Comprises of customer WC's alongside a large undeveloped storage area. plant room and staff room. The cellar is situated on the first floor adjacent to access to the service yard and small goods lift used for deliveries.

Second Floor: Additional undeveloped storage areas.

Tenure
Freehold

Rateable Value & EPC
2023 Rateable Value – £98,000
EPC Rating: B - 44

Premises Licence
The property benefits from a premises licence permitting the dale of alcohol until 04:00 seven days a week.

Terms
Offers in excess of £500,000 are invited for the benefit of our clients freehold interest, plus VAT if applicable.

Planning
The property is not listed however it does fall within Barnstaple Town Centre Conservation Area.

Trading Information
Historic trading information may be available to interested parties upon written request.

Fixtures and Fittings & Stock
Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required. Stock will be removed from the premises prior to completion.

Viewings & Terms
Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the joint selling agents Savills and CBRE. Under no circumstances should any direct approach be made to any of our clients staff.

Offers are invited in excess of £500,000, plus VAT if applicable, for the benefit of our clients freehold interest.

To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit:
jdwdisposals.co.uk