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TOWN CENTRE MIXED INVESTMENT FOR SALE

 

34c & 35 BEAR STREET

BARNSTAPLE, NORTH DEVON EX32 7BZ

 

PRICE: OIRO £335,000 FREEHOLD

 

  • Mixed town centre investment
  • 3 commercial units
  • 2 Residential flats
  • 5/6 parking spaces
  • Well maintained throughout

 

THE SITUATION

The property is situated on Bear Street in Barnstaple town centre and enjoys direct access to Queen Street municipal car park. 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 Queens Walk shopping arcade.

 

LEGAL COSTS

Each party to bear their own legal expenses.

 

THE ACCOMMODATION

The building comprises 5 separate premises over 3 floors. The ground floor retail shop unit is let on the remainder of a 10 year term as a laundrette, the offices to the rear are let on a licence (Tenant in situ for 8 years) to a care company and the 2 storey consulting rooms adjacent to the parking area are also let on licence to a Chiropractor (4 years in situ). Accessed via separate entrance, the first and second floors comprise a 2 bed flat and a one bed flat let on assured short-hold tenancies. Parking area for 5/6 cars. The building has been well maintained by the Vendors both internally and externally having been in the same ownership for 35 years.

 

LETTING SCHEDULE

 

ADDRESS

AREA/ACCOM.

RENT p.a.x

34c Bear Street

530 sq ft

£4800

35 Bear Street

425 sq ft

£5200

35a Bear Street

2 bed flat

£5200

35b Bear Street

1 bed flat

£5040

35c Bear Street

460 sq ft

£5818

 

 

£26058