Maiden Street, Barnstaple, Devon, EX31
Offers in Region of
£25,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Key features
- Currently configured to suit fine dining with ground floor bar area and first floor dining set for 12 covers but suitable for circa 45 covers ground and first floor
- Well-equipped commercial kitchen trade inventory included
- Many period features including exposed stonework, beamed ceiling ground floor, vaulted ceiling first floor, exposed A frame roof beams
- Having been operated as fine dining establishment for past 6 years but suitable for a wide variety of catering trades
- Within restaurant quarter of the Town close to High Street, The Strand and The Square
- Accommodation above
- Eligible for 100% small business rates relief
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 miles) and Torrington (14 miles) are also nearby.
THE SITUATION
The subject property is located within Maiden Street adjacent to the High Street, The Strand and The Square with a number of other leisure / restaurant users close-by it is an area in the Town well known for good quality restaurants.
THE PROPERTY AND CONSTRUCTION
Being three storey premises currently configured as restaurant ground and first floor with accommodation on the second floor. Offering a cosy and intimate dining experience there are many period features within the property including exposed stonework walls, both ground and first floor, beamed ceiling, exposed A frame roof beam and vaulted ceiling. The ground floor provides bar area and lounge, although could offer further covers of approximately 20, with the first floor dining room capable of circa 25 covers. Also on the first floor is a commercial kitchen with extraction system, non slip flooring and a trade inventory of fixtures, fittings and equipment, with the premises being offered as a fitted restaurant and kitchen with trading style to suit new owner's desire. The second floor offers 2 rooms of accommodation plus 3 piece shower room.
THE PROPOSAL
The premises are available by way of an assignment of the existing 7 year lease, at a rent of £16,000 pa.
THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment to be purchased at a quoting price of £25,000.
VAT
Payable, if applicable, at the prevailing rate.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
LEGAL COSTS
Each party to bear their own legal costs, if applicable. Incoming Tenant to be responsible for the Landlord 's reasonable legal fees in the assignment of the lease.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Entrance porch
BAR / RESTAURANT
44`7 x 16`2 (13.60m x 4.90m) Bar servery with double chiller, glass washer, freezer, till, wash hand basin, currently not utilised for dining space but suitable for circa 20 covers, spiral staircase to first floor, carpet, exposed stonework, beamed ceiling
LADIES TOILET
GENTS TOILET
FIRST FLOOR
Landing area with servery desk, area suitable for additional covers if desired
RESTAURANT DINING ROOM
447 sq.ft (42 sq.m) Carpet, Velux windows, exposed stonework, vaulted ceiling, A frame beams, uplighters, suitable for 20/25 covers but currently only set for 12
KITCHEN
Chiller gantry, hot cupboard, water bath, extractor, 6 burner ga oven, 2 vacuum pack machines, freezer, 2 x commercial fridges, non slip flooring, decarboniser, tiled walls, dishwasher, stainless steel single drainer sink, Thermomix, Magimix, air fryer, dehydrator
SECOND FLOOR
Landing area with preparation worktop
LOUNGE / DINER
14`5 x 10`11 (4.40m x 3.30m) Carpet, radiator heating
ADDITIONAL ROOM
14`7 x 10`3 (4.45m x 3.10m) Carpet, radiator heating
3 PIECE SHOWER ROOM
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
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 miles) and Torrington (14 miles) are also nearby.
THE SITUATION
The subject property is located within Maiden Street adjacent to the High Street, The Strand and The Square with a number of other leisure / restaurant users close-by it is an area in the Town well known for good quality restaurants.
THE PROPERTY AND CONSTRUCTION
Being three storey premises currently configured as restaurant ground and first floor with accommodation on the second floor. Offering a cosy and intimate dining experience there are many period features within the property including exposed stonework walls, both ground and first floor, beamed ceiling, exposed A frame roof beam and vaulted ceiling. The ground floor provides bar area and lounge, although could offer further covers of approximately 20, with the first floor dining room capable of circa 25 covers. Also on the first floor is a commercial kitchen with extraction system, non slip flooring and a trade inventory of fixtures, fittings and equipment, with the premises being offered as a fitted restaurant and kitchen with trading style to suit new owner's desire. The second floor offers 2 rooms of accommodation plus 3 piece shower room.
THE PROPOSAL
The premises are available by way of an assignment of the existing 7 year lease, at a rent of £16,000 pa.
THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment to be purchased at a quoting price of £25,000.
VAT
Payable, if applicable, at the prevailing rate.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
LEGAL COSTS
Each party to bear their own legal costs, if applicable. Incoming Tenant to be responsible for the Landlord 's reasonable legal fees in the assignment of the lease.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Entrance porch
BAR / RESTAURANT
44`7 x 16`2 (13.60m x 4.90m) Bar servery with double chiller, glass washer, freezer, till, wash hand basin, currently not utilised for dining space but suitable for circa 20 covers, spiral staircase to first floor, carpet, exposed stonework, beamed ceiling
LADIES TOILET
GENTS TOILET
FIRST FLOOR
Landing area with servery desk, area suitable for additional covers if desired
RESTAURANT DINING ROOM
447 sq.ft (42 sq.m) Carpet, Velux windows, exposed stonework, vaulted ceiling, A frame beams, uplighters, suitable for 20/25 covers but currently only set for 12
KITCHEN
Chiller gantry, hot cupboard, water bath, extractor, 6 burner ga oven, 2 vacuum pack machines, freezer, 2 x commercial fridges, non slip flooring, decarboniser, tiled walls, dishwasher, stainless steel single drainer sink, Thermomix, Magimix, air fryer, dehydrator
SECOND FLOOR
Landing area with preparation worktop
LOUNGE / DINER
14`5 x 10`11 (4.40m x 3.30m) Carpet, radiator heating
ADDITIONAL ROOM
14`7 x 10`3 (4.45m x 3.10m) Carpet, radiator heating
3 PIECE SHOWER ROOM
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
TEL: / E-MAIL:
Brochures
Maiden Street, Barnstaple, Devon, EX31
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station0.4 miles
- Chapleton Station4.6 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 1336. 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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