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 situated within Boutport Street, being part of the main retail core of town, with the High Street entrance approximately 100 metres away. There are assorted retail, office and leisure users in the immediate vicinity including Barclays Bank, Coral Bookmakers and Scott’s multi screen Cinema.
THE PROPERTY AND CONSTRUCTION
The property is of two storey construction with a single fronted shop unit at ground floor, rendered elevations above and a pitched slate roof. There are latter single storey extensions to the rear which provide storage areas for the shop. The two first floor flats are accessed via a ground floor corridor from the self contained access door on Boutport Street. The shop provides a floor area of 662 sq.ft (61 sq.m) with storage and workrooms of 511 sq.ft (47 sq.m). The 2 self contained first floor flats, which are accessed via an rear external staircase, one being 1 bedroomed and the other being 2 bedroomed, with both having electric heating, double glazing, fitted kitchens and fitted bathrooms. There is a rear garden with an area of 2,953 sq.ft (274 sq.m), it is thought this area has potential for development, subject to PP.
THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with full vacant possession. Estimated rental income:-
Shop – £9,000 pa
Flat 1 - £7,200 pa
Flat 2 - £7,800 pa
Total rent roll £24,000 pa
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
VAT
Not applicable.
LEGAL COSTS
Each party to bear their own legal fees.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Single fronted SHOP UNIT
GIA 662 sq.ft (61 sq.m) Electric heating, LED lighting, 3 x stockroom including kitchen and toilet facilities of 511 sq.ft (47 sq.m
FIRST FLOOR
FLAT 1
Hallway
LOUNGE DINER
Carpet, double glazing, electric heating
KITCHEN
Eye and base units, worktops, stainless steel sink, vinyl flooring
BEDROOM
Carpet, electric heating
BATHROOM
Low level w.c., wash hand basin, bath with shower over
FLAT 2
Hallway
LOUNGE DINER
Carpet, double glazing, electric heating
KITCHEN
Eye and base units, worktops, stainless steel sink, vinyl flooring
BEDROOM 1
Carpet, electric heating, double glazing
BEDROOM 2
Carpet, electric heating, double glazing
BATHROOM
Low level w.c., wash hand basin, bath with shower over
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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