Bear Street, Barnstaple, Devon

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 premises is located opposite the entrance to Barnstaple Central car park. There are a wide variety of retail, office and leisure users in the immediate vicinity with the area having many unique and independent operators as well as Queens Walk Shopping Arcade.

THE PROPERTY
The main property is of 2 storey construction with adjoining single storey rear extension. The ground floor provides a single fronted shop unit with rendered elevations above, under a pitched sate roof. There is also a separate side access which gives an additional access to the commercial parts as well as leading to stairs where a 3 bedroomed maisonette is located. The deceptively large premises has a ground floor that extends to approximately 2,517 sq.ft (234 sq.m) and consists of shop, workspace, storage as well as former staff kitchen, lounge and conservatory. There is also a walled parking area from Magdalene Lawn. Residential accommodation consists of a 3 bedroomed maisonette with kitchen, lounge, dining room, utility room and bathroom as well as walled garden area. It is thought the property is ideally suited to either an owner occupier that requires plenty of ground floor space or an investor/developer looking to create more residential units, potentially 3 more including the existing maisonette, whilst also retaining an element of shop premises, all of which would be subject to suitable planning permissions.

THE PROPOSAL
Our clients are inviting offers for the Freehold interest.

ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.

RATES
We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value (2026 Listing): £5,600 Rates Payable: £2,811, based on uniformed business rate of 50.2p in the pound. As from April 2017 properties with a rateable value of £12,000 or less will be eligible to apply for 100% business rates relief. Occupiers may qualify for reliefs and are advised to make their own enquiries of North Devon District Council.

VAT
If applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

GROUND FLOOR

SHOP
295 sq.ft (27 sq.m) Single fronted window display, double entrance doors, carpet tiles, lighting

WORKSPACE
371 sq.ft (34 sq.m) Concrete floor, lighting, double glazing

STORES
181 sq.ft (17 sq.m) and 178 sq.ft (17 sq.m), yard and toilet

STORE
529 sq.ft (49 sq.m)

STORE
257 sq.ft (24 sq.m) access to gated parking space

GALLEY KITCHEN
62 sq.ft (6 sq.m)

STAFF KITCHEN
398 sq.ft (37 sq.m)

STAFF LOUNGE
158 sq.ft (15 sq.m)

STAFF CONSERVATORY
88 sq.ft (8 sq.m) Access to rear garden

FIRST FLOOR

KITCHEN
Eye and base units, worktops, utility room adjoining

LOUNGE
370 sq.ft (34 sq.m) stairs to second floor

DINING ROOM
204 sq.ft (19 sq.m)

4 PIECE BATHROOM

BEDROOM 1
264 sq.ft (25 sq.m)

BEDROOM 2
133 sq.ft (12 sq.m)

SECOND FLOOR

BEDROOM 3
280 sq.ft (26 sq.m) en-suite

OUTSIDE
Rear walled garden

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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