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 premises is located on Velator Industrial Estate with a number of commercial users in the immediate vicinity including Saltrock Braunton Factory Outlet, gymnasium, Quay Centre Soft Play and Café. The Tarka Trail and Tesco Supermarket are also close by with the village centre a 5 minute level walk away.
DESCRIPTION
Being a detached warehouse factory premises of 2 bay construction under two pitched roofs with external profiled cladding and internal blockwork to circa 7’ (2.15m). The concrete frame warehouse extends to 20,598 sq.ft (1,914 sq.m) and has concrete flooring, 2 x sliding delivery entrance doors, 10% translucent roof panels, corner mezzanine office / store of 1,072 sq.ft (100 sq.m), LED lighting, ridge height 19’3 (5.85 m). There is an adjoining two storey brick built office building to the front of the site which provides 7 offices in total, toilet facilities on both floors and offers 1,394 sq.ft (130 sq.m) in total. The total site size is 0.92 acres with concrete / gravelled parking for 16-18 vehicles, which runs alongside the front office area, as well as there being a gated rear yard of 3,000 sq.ft (279 sq.m). Within the rear yard is an area with a mobile phone mast for which rental income is received. The property borders the Caen River with an additional 3.2 acres of lower level ‘green field’ land the other side of the river, this could be made available by separate negotiation.
THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with the benefit of the lease to Vodafone Ltd for a term of 10 years, from October 2023, at a current rental income of £3,000 pa and then from October 2026 to expiry £1,650 pa.
RATES
We are verbally advised by the Local Rating Authority that the premises are currently assessed as follows:- Rateable Value (2026 Listing): £39,250 Rates Payable: £19,704 based on uniformed business rate of 50.2p in the pound. Occupiers are advised to make their own enquiries of North Devon District Council.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.
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.
SERVICES
Mains water, drainage, Single Phase Electricity and gas.
THE ACCOMMODATION (comprises)
WAREHOUSE
20,598 sq.ft (1,914 sq.m) measuring 210’0 x 98’1 (64 m x 29.90 m), ridge height 19’3 (5.85 m)
OFFICES
GROUND FLOOR
Entrance door to reception lobby, double glazing and central heating
671 sq.ft (62 sq.m) comprising 3 offices and 2 x toilets
FIRST FLOOR
Landing
723 sq.ft (67 sq.m) comprising 4 offices and toilets
OUTSIDE
To the front of the office building is a concrete / gravelled parking area of 16-18 vehicles, with concrete to the front of both warehouse delivery entrances and a fenced and gated yard area of 3,000 sq.ft (279 sq.m) to the rear. The premises boarders the River Caen with a 3.2 acre parcel of land opposite which could be made available by separate negotiation.
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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