Retail property (high street) to rent
Property description & features
PRIME HIGH STREET PROPERTY TO LET
25 HIGH STREET
BARNSTAPLE EX31 1BL
RENT: £25,000 p.a.x.
SITUATION
Barnstaple is the regional centre for North and Mid Devon situated some 40 miles north-west of Exeter and 45 miles west of Taunton. The town is a popular tourist destination which has a significant impact upon consumer spending levels in the town. Barnstaple has a largely unopposed retail catchment population within 5 miles estimated to be 50,000 inhabitants.
LOCATION
This property occupies a prominent trading location facing down Cross Street close to the Pannier Market; it is situated adjacent to Marks & Spencer, Wimpy and close to branches of Rieker Shoes, Milletts, Trespass, Caffe Nero, Mountain Warehouse and Boots Opticians.
DESCRIPTION & ACCOMMODATION
This attractive period property is arranged on ground and 3 uppers floors, having the following dimensions and floor areas:
FRONTAGE 19 ft 3 ins (6.3 m)
SHOP & BUILT DEPTH 49 ft 0 ins (16 mtrs.)
GROUND FLOOR AREA 876 sq ft (81.37 sq.m)
FIRST FLOOR 617 sq ft (57.31 sq.m)
SECOND FLOOR 777 sq ft (72.17 sq.m)
THIRD FLOOR 269 sq ft (24.98 sq.m)
TERMS
Assignment of a full repairing and insuring lease for a term of 15 years from 2022 with rent review at the 5th anniversary and capped at £30,000 and at the 10th anniversary and capped at £35,000.
RENTAL
Current passing rent of £25,000 per annum exclusive.
LEGAL COSTS
Each party to be responsible for the payment of their own costs incurred in any transaction.
EPC
Will be provided to interested parties.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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