FITTED HIGH STREET RESTAURANT PREMISES TO LET
96 HIGH STREET
BARNSTAPLE, NORTH DEVON EX31 1HR
RENT: £49,000 P.A.X
* Excellent fitted High Street Premises * Amongst National Retailers *
* C. 3,100 sq ft ground floor * Upper floors storage/offices *
* Courtyard garden * Circuit location *
* High volume passing/chance trade *
Barnstaple is a busy regional market town and North Devon’s commercial and administrative centre. It has a shopper population circa 117,000 but has an estimated catchment population of over 168,000. More importantly North Devon is an important tourist destination with an estimated 750,000 visitors each year. This has significant bearing upon consumer spending levels in the town. Access to Barnstaple is principally via the North Devon Link Road (A361) which gives easy access to the M5 motorway at Junction 27 Tiverton where there is also an Inter City Rail Link.
Barnstaple High Street is an excellent all year round trading pitch and opportunities are few and far between. This is an excellent opportunity to acquire good sized A3 premises. Nearby National occupiers include Tesco, Edinburgh Woollen Mill, Holland & Barrett, Boots, Fat Face, Animal etc.
The premises are arranged as a fitted ground floor restaurant (c.100 covers) with 2 upper floors as customer toilets, storage, offices, staff toilets etc. There is an outside courtyard garden and rear servicing via The Strand and the premises benefits from the following approximate dimensions and areas:-
Built Depth 103 ft 31.5 m
Max width 38 ft 31.5 m
Ground Floor 3100 sq ft 288 sq m
First Floor 608 sq ft 56.5 sq m
Second Floor 934 sq ft 86.8 sq m
The property is to be made available by way of a new FRI lease term at a commencing rent of £49,000 p.a.x.
A variety of uses within Class A3 of the Town & Country (Use Classes) Order 1987.
Rateable Value: £47,250. We would recommend that interest parties make their own enquiries to the Local Rating Authority for verification purposes.
Each party is to be responsible for their own legal costs incurred in the transaction.
Strictly by prior appointment through the Sole Agents, Wright Commercial.