Braunton Road, 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 PROPERTY AND CONSTRUCTION
The premises is of steel frame construction with a two storey feature glazed atrium entrance to the front elevation. The remainder of the elevations are predominately profiled steel, with the roof of the rear section being profiled concrete cladding and the front section being insulated profiled steel cladding. The ground floor provides a gross internal area of 15,969 sq.ft (1,483 sq.m) and is currently fitted and equipped offering 10 x ten pin bowling, lounge bar, amusements, commercial kitchen, welfare facilities and crazy golf. There are two further first floor spaces, one being utilised for karaoke, approximately 2,811 sq.ft (261 sq.m), and the other, which is sublet to a pre-school / nursery operator, provides 3,978 sq.ft (370 sq.m). Of the ground floor space the Burger King restaurant has a floor area of 2,226 sq.ft (207 sq.m). The total site size is 1.1 acres with extensive car parking to the side and rear of the property as well as drive through for Burger King.

THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with the benefit of the existing tenancies:-

Bowling Centre including first floor – Let to WWPD Ltd, 25 year lease, 17 years expired, rent £90,966 per annum.

Burger King (franchise) – Let to SIPP Food (Corby) Ltd who operate a number of other catering venues, 10 year lease from March 2019, rent £57,000 per annum.

RATES
According to the Valuation Office Agency website, the premises are currently assessed as follows: - Rateable Value (2023 Listing) - £106,000 Lets Go and £70,000 Burger King.

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
13,743 sq.ft (1,277 sq.m) incorporating:-

Two storey glazed atrium entrance, with lift to first floor

CUSTOMER SERVICE DESK AND RECEPTION

TOILET FACILITIES

TEN PIN BOWLING
10 lane Brunswick 10 pin bowling with Brunswick Frame electronic scoring system

LOUNGE BAR
With bar servery, table and chair seating, sports screen, snooker table, 4 pool tables

KITCHEN

2 X ARCADE AREAS

CRAZY GOLF AREA

FIRST FLOOR

KARAOKE AREA
2,811 sq.ft (261 sq.m)

PRE-SCHOOL / NURSERY
3,978 sq.ft (370 sq.m)

BURGER KING

GROUND FLOOR
2,226 sq.ft (207 sq.m) Restaurant, kitchen, toilets and drive through, accessed via Lets Go atrium entrance or double doors fronting Braunton Road

OUTSIDE
To the side and rear of the premises is an extensive measured car parking area. The site size is approximately 1.1 acres.

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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