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Shop for sale

Market Street, Barnstaple, Devon, EX31


Property Description

Full description

Tenure: Leasehold

The premises are located in a parade of shops in the centre of town linking Joy Street and the Pannier Market, to the rear of Banbury's High Street store making this a busy pedestrian thoroughfare, therefore ideal for passing trade. Operators within the parade include catering, hairdressers, nail bars and charity shops.

Barnstaple is North Devon's main commercial centre having a population in excess of 35,000 inhabitants, boosted throughout the year with the influx of tourists and serving a rural hinterland with a population in excess of 130,000 inhabitants. There are excellent road and rail links via the North Devon Link Road (A361) to Junction 27 of the M5 Motorway and via the Tarka Line to Exeter and the main railway network.

The property comprises of a ground floor lock up shop offering some 469 sq ft of retail space plus a further 202 sq ft of stock room and cloakroom. The premises have been used in the past as a lighting/electrical retailer and most recently as a ladies lingerie shop. It is ideally placed to take full advantage of passing trade and would suit a variety of operators.

The premises are offered on the basis of a brand new lease with a commencing asking rental of £8,000 per annum exclusive on full repairing and insuring terms with the tenant paying a contribution towards insurance and repairs on the entire block. This is one of seven units in Market Parade owned by the same landlord. An incoming tenant will need to provide the usual trade and bank references for landlord's approval.

New lease terms available. A 3 year lease, with a tenant break option at 18 months. Commencing rental of £8,000 per annum in Year 1, rising to £9,000 per annum in Year 2.

The accommodation briefly comprises:

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