Pixie Dell Stores, Pixie Dell, Braunton, Devon

LOCATION
Braunton is a popular place to live, work and visit, and as such has a lively atmosphere all year round. Though it has a distinct village atmosphere and strong community, its permanent population of around 8,000 helps support a variety of quality restaurants, pubs and shops. Braunton’s own natural beauty and proximity to North Devon’s beaches and countryside makes it popular with tourists too: Saunton (2 miles), Croyde (4 miles), Woolacombe (5 miles), Ilfracombe (7 miles) and Exmoor (7 miles) are nearby, as is North Devon’s commercial centre of Barnstaple (5 miles), and all are reachable by bus. The current Local Plan allows for around 400 new dwellings in the area, along with serviced employment land, key community infrastructure and improved traffic management.

THE SITUATION
The property is situated just off the B3231 road which is the main arterial road through Braunton and towards Saunton. Siting the centre of a popular residential area the property is also close to seasonal operators including camping and lodge sites.

THE PROPERTY AND CONSTRUCTION
The main building is of two storey construction under a pitched tiled roof with rendered elevations. At ground floor level is a shop front giving access to the fitted shop unit which has been extended to provide additional floorspace extending to over 1,000 sq.ft (93 sq.m). There is further storage for the business at ground floor level including stockroom with its own roller shutter entrance for ease of deliveries as well as a number of additional outbuildings for storage. The self-contained residential accommodation consists of 4 bedrooms, kitchen, bathroom and lounge / diner with dual aspect windows, with the accommodation also benefiting from central heating, garden area and parking.
Additionally there is a 2,000 sq.ft gated yard to the other side of the property which is currently used as additional parking for the clients but could potentially offer space to extend the shop or provide a building plot, subject to relevant planning permission. This plot is available by separate negotiation.

THE PROPOSAL
Our clients are inviting offers for the Leasehold interest of the property and business with an assignment of the existing renewable lease, originally for a 10 year term. The current rent for the whole property is £13,000 pa. The Landlords may consider the granting of a new lease (rent to be reviewed) rather than an assignment if parties prefer (subject to contract / references). The additional plot is available by way of Freehold purchase at a quoting price of £65,000.

THE BUSINESS
Having been operated by our client for the past 7 years the business is open 6 days Mon-Sat 8am-7.30pm and Sun 8.30am-5pm, plus some family input. Main lines include everyday items, groceries, cards, magazines, newspapers, bread (delivered daily), confectionary, alcohol etc. Lottery sales are undertaken but other services such as parcel collection, phone top ups etc are not at present. Turnover for March 2024 was £275,000 with an abridged net profit of just under £50,000. The business receives 100% small business rates relief.

THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment.

THE STOCK
Any current stock to be purchased at valuation upon completion, estimated at £55,000.

LICENCE
The property enjoys a Premises Licence to be transferred upon completion.

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.

THE ACCOMMODATION (comprises)

GROUND FLOOR

SHOP UNIT
Single fronted window display and double glazed entrance door, GIA 1,055 sq.ft (98 sq.m) Non slip flooring, service counter, strip lighting, drinks chiller, 2 freezers, chiller gantry, ice cream freezer, triple chiller, assorted shelving and stands, 2 tills, slushie machine, CCTV

OFFICE AND STOCKROOM
18`6 x 17`0 (5.65m x 5.20m)
Roller shutter delivery entrance, stainless steel single drainer sink, worktop, CCTV monitor, chest freezer

SHOWER ROOM
3 piece with shower, toilet, wash hand basin

Rear entrance with hallway, understairs storage, radiator heating

FIRST FLOOR

Landing with carpet and loft access

KITCHEN
Eye and base units, worktops, vinyl flooring, extractor, double glazing

LOUNGE / DINER
21`4 x 17`1 (6.50m x 5.20m) Dual aspect double glazing, radiator heating, carpet

BEDROOM 1
10`0 x 7`0 (3.05m x 2.15m) Carpet, radiator heating, double glazing

BEDROOM 2
9`0 x 8`0 (2.75m x 2.45m) Carpet, radiator heating, double glazing

BEDROOM 3
10`0 x 8`4 (3.05m x 2.55m) Carpet, radiator heating, double glazing

BEDROOM 4
12`3 x 10`5 (3.75m x 3.15m) Carpet, radiator heating, double glazing

3 PIECE BATHROOM

OUTSIDE
To the side of the property is a gated entrance leading to private parking and access for deliveries, garden area as well as a couple additional outbuildings providing further storage.

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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