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TOWN CENTRE INVESTMENT FOR SALE

 

83 & 84 BOUTPORT STREET

BARNSTAPLE, NORTH DEVON EX31 1SR

 

PRICE: OIRO £179,950 FREEHOLD

 

  • Rarely available commercial investment
  • Investment let until Set 2025
  • 11% yield based on F.A.P
  • Town centre location
  • Future development opportunity

 

 

LOCATION

 

The premises are located within Boutport Street close to the town's High Street.   There are assorted retailers in the immediate vicinity including the multi screen Scott’s Cinema complex and nationals including Barclays Bank, Warrens and Coral Racing.

 

ACCOMMODATION

 

The premises are arranged on three floors with a mix of open plan retail areas, store rooms, offices and back up. The premises benefit from the approximate dimensions and areas:-

 

Ground Floor

 

Gross Frontage           29’                         (8.80m)

Net Frontage              26’                         (7.92m)

Max Width                  26'                         (7.92m)

Max Depth                  78'0                      (23.77m)

GIA                            1,814 sq ft           (168 sq m)

 

First Floor Storage     1478 sq ft            (137 sq m)

Second Floor              435 sq ft                              (40 sq m)

 

TENANCY

 

The property is let to ReFURNISH Devon (charity Registration No.1129455) until 20th September 2025 on an effectively full repairing and insuring lease at a passing rent of £20,000 per annum exclusive subject to review on 20th Sept 2020.

 

TIMING

 

Completion of sale to take place not before 6th April 2018.

 

RATES

 

Rateable Value: £25,500.

 

LEGAL COSTS

 

Each party to bear their own legal fees.

 

VIEWING

Strictly by prior appointment through the sole agents Wright Commercial.  

OIRO £179,950

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