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The premises are located within a few yards of the town Square and Museum and the junction of lower High Street and Boutport Street.
The premises adjoin Chequers Estate Agents on one side and a nail bar and is within level walking distance of all town centre amenities.
It is also convenient to the main Barnstaple Bus Station and the large Queen Street Car Park.
Barnstaple is recognised as the premier commercial centre of North Devon with a population in excess of 35,000 inhabitants.
This is an expanding town with new housing stock being built and new retail opportunities on the opposite side of the river.
THE PREMISES
The property is the former TSB Bank premises being a mid-terrace commercial building with the ground floor offering 800 sq ft of retail space and the benefit of a mezzanine floor for selling purposes.
To the rear there are 2 stock rooms, staff room and kitchenette.
It should be noted that the upper floors have been sold off on a long leasehold basis.
The premises would be ideal for a number of retail trades or indeed as professional offices or even possibly catering, subject to any necessary planning consent that may be required.
The freehold is available for sale or alternatively the vendor may consider letting the premises for £12,000 per annum.
UTILITIES AND SERVICES
Mains electricity, water and drainage.
We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage.
You can do so by visiting
BUSINESS RATES
£12,500 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
LEGAL ADVICE
We strongly recommend that a buyer/tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer/tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyers/tenant’s responsibility.
LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.
Rooms
GROUND FLOOR
Built depth 17.37m. Gross retail area 800 sq.ft (74 sq.m) Net internal frontage 5.49m Nett internal depth 12.8m - Pine mezzanine area with pine tread staircase providing first floor area of approximately 220 sq ft. The main shop has been fitted with carpet having a suspended ceiling, recessed lighting, high floor to ceiling with internal staircase to mezzanine and a full range of fitted peg boarding for display materials. To the rear is a coffee bar area servery, beyond that is access to an inner lobby/kitchen area with sink unit and door to further inner lobby and door to cloakroom.
STOCK ROOM ONE
Being the original bank vault with secure door and beyond access to:
STOCK ROOM TWO 2.9m x 2.16m
AGENTS NOTE
The premises are ideal for potential catering use which the Landlord has investigated by an enquiry to the planners who have responded in a favourable way, subject to planning permission. The vendor will be will to offer the sale of the freehold for £185,000 or to rent the leasehold for £16,500 per annum.
SERVICES
Mains electricity, water and drainage.
RATEABLE VALUE
£12,500 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC
VIEWING
Strictly by appointment with the selling agent
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
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