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 situated on the High Street benefiting from a prominent double frontage. Occupiers in the immediate vicinity include Vision Express and Specsavers as well as a wide variety of independent retail, office and leisure users. The Towns historic quayside area is also close by.
THE PROPERTY AND CONSTRUCTION
The main building is of two storey construction with a single fronted shop front at ground floor, with latter single storey extensions to the rear to provide further trading space. The ground floor extends to 5,857 sq.ft (544 sq.m), with 4,524 sq.ft (420 sq.m) being sales area and the remainder being storage. Beyond the storage is car parking/yard space as well as rear delivery access from Bridge Street. Poundstretcher occupy the ground floor with the first floor having been sold off on a long leasehold basis and having self-contained access. This first floor space is currently utilised as a pool hall and bar.
THE PROPOSAL
Our clients are inviting offers for the Freehold interest, with the benefit of the existing lease to Poundstretcher Ltd with a lease commencement of September 2025 at a rent of £27,000 pa, for a term of 10 years, having been in occupation for over 25 years. There is Tenant responsibility for internal repairs, flat roof and shop front, as well as proportion of buildings insurance. The long leasehold first floor have an obligation to pay a proportion of building insurance and keep the first floor in good repair and condition.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.
VAT
If applicable, at the prevailing rate.
THE ACCOMMODATION (comprises)
GROUND FLOOR
Double fronted shop premises
Shop Depth 134’1 (40.85 m)
Internal Width Max 45’0 (13.70 m)
General Internal Width 31’0 (9.45 m)
Gross Internal Area 4,524 sq.ft (420 sq.m)
Rear stockroom, toilets and staff room 1,333 sq.ft (124 sq.m). Rear courtyard used by staff. Rear yard, car parking and delivery access from Bridge Street.
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.
5. 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.
VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
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