Chingswell Street, Bideford

LOCATION
With a resident population of around 32,000 including nearby villages, Bideford is the second largest town in North Devon, and the town has a reputation as a pleasant place to live, work and visit. In recent years Bideford has benefited from lots of investment and development, including the ongoing Atlantic Park retail area and improvements to the historic town centre and quayside, and the current Local Plan allows for a further 4,000 homes plus leisure facilities. Bideford is within 3 miles of some well-known North Devon locations such as Appledore, Westward Ho!, Instow and Northam and only 9 miles from the area’s commercial centre of Barnstaple. It is also within a half-hour’s drive of Exmoor National Park, the beaches around Woolacombe, Croyde and Saunton, and the Devon-Cornwall border.

THE SITUATION
The property is within Chingswell Street, which to one end adjoins Mill Street, a busy part pedestrianised retail parade with the other end connecting to Kingsley Road, the main arterial road into the town. There are a variety of commercial operators in the immediate vicinity including office, retail and leisure users with residential accommodation close by and throughout the Town Centre.

THE PROPERTY AND CONSTRUCTION
The main building is of two storey construction with rendered elevations under a pitched slate roof. There have been latter extensions to the rear of the property to create additional commercial space as well as further residential accommodation. The ground floor offers a traditional public / lounge bar with assorted table, chair and bar seating, although if purely utilised as a restaurant it is thought the premises could provide covers for circa 40. To the rear of the bar servery is a commercial kitchen which was previously used when the business served food. There is substantial private family accommodation above which consists of 4 double bedrooms, kitchen, lounge and dining room. A walled patio garden sits to the rear of the property which is utilised as a beer garden. It should be noted that the property is Grade II Listed.

THE PROPOSAL
Our clients are inviting offers for the Leasehold interest and an assignment of the existing lease, at a current rent of £24,000 pa. The lease is Free of Tie and is held on a full repairing and insuring basis.

THE BUSINESS
Our clients have owner occupied the business for nearly 6 years and currently trade in wet sales alone, which last year produced a turnover of £160,000. Although our clients have previously traded midday – 11am they currently operate 2pm-10pm with no staffing. There is scope should new owners wish to undertake food sales either as part of the existing public house business or having the sole ground floor use as a restaurant. The premises is home to 4 darts teams, 2 summer, 2 winter.

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

LICENCE
The property is sold with the benefit of a Premises Licence.

THE STOCK
Any current stock to be purchased at valuation upon completion.

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

RATES
The property is currently eligible for 100% small business rates relief.

VAT
Payable, if applicable, at the prevailing rate.

LEGAL COSTS
Each party is responsible for their own legal costs incurred in the transaction, with both parties to cover the Landlord’s reasonable legal fees in the assignment of the lease.

THE ACCOMMODATION (comprises)

Central entrance to storm porch with door to :-

PUBLIC / LOUNGE BAR
28`8 x 24`2 (8.75 m x 7.35 m) Carpet and vinyl flooring, multi fuel burner, radiator heating and cover, table and chair seating, bar stool seating, exposed stonework fireplace with multifuel burner, darts board, 2 x televisions. Bar servery with non slip floor, till, 2 x chiller fridges, assorted beer fonts, real ale pumps and Square till system

KITCHEN
Stainless steel wash hand basin, stainless steel prep benches, stainless steel double sink unit, worktop, 2 x microwaves, 5 burner gas oven, glass washer, ice machine, non-slip flooring

CELLAR
Assorted cellar cooling equipment, lines and pumps

GENTS TOILETS
Non slip floor, 3 x urinals, wash hand basins, low level w.c.

LADIES TOILETS
2 low level w.c’s, wash hand basins, tiled floor

FIRST FLOOR

Carpeted landing, hallway and storage

BEDROOM 1
15`2 x 9`2 (4.60 m x 2.80 m) Radiator heating, carpet, wash hand basin

BEDROOM 2
12`7 x 10`8 (3.85 m x 3.25m) Radiator heating, carpet, wash hand basin

BEDROOM 3
10`7 x 10`4 (3.20m x 3.15m) Radiator heating, carpet, wash hand basin

BEDROOM 4
14`7 x 8`5 (4.45 m x 2.55 m) Radiator heating, carpet, wash hand basin

BATHROOM
4 piece bathroom, with shower, half bath, wash hand basin, low level w.c, radiator heating

DINING ROOM
16`8 x 9`2 (5.10 m x 2.80 m) Carpet, radiator heating, fireplace

KITCHEN
Eye and base units, worktops, double doors to roof top

LOUNGE
15`1 x 11`5 (4.60 m x 3.45 m) Carpet, radiator heating, doors to balcony

OUTSIDE
To the rear of the property is a walled patio garden which is accessed from the ground floor public house and is currently used as a beer garden.

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.
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
5. Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
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