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TOWN CENTRE COMMERCIAL INVESTMENT FOR SALE

 

86 BOUTPORT STREET

BARNSTAPLE, NORTH DEVON EX31 1SR

 

PRICE: OIRO £177,500

 

  • Town centre location
  • 2 part commercial investment
  • Clear development potential
  • Close to High Street
  • Services : All mains connected

 

THE SITUATION

The property is situated on Boutport Street in Barnstaple town centre. The premises enjoy almost direct access to Barnstaple High Street. The property is also around 50 yards from the main municipal car park within Queen Street. The property is also close to local landmarks such as the listed Butchers Row and the historic Pannier Market. 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. The premises are Grade II Listed.

 

LEGAL COSTS

Each party to bear their own legal expenses.

 

THE ACCOMMODATION

 

The building comprises 2 separate premises over 3 floors. The ground floor retail shop unit is predominately open plan extending to c.1200 sq ft with c.460 sq ft of storage/offices to the first floor. A side door and passage leads to an external yard. The upper parts enjoy separate access and are currently let as a beauty salon extending to c.1200 sq ft over 1st and 2nd floors.

 

LEASE SCHEDULE

 

UNIT

LEASE DETAILS

RENT p.a.x

TENANT

86 Boutport Street

Ending 18/05/2019 int. repairing

£13,000

Malber

86A Boutport Street

Ending June 2026 int. repairing

£4,500 then £5,000 June 2019

Hazel Early

OIRO £177,500

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