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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 *

 

LOCATION

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.

 

SITUATION

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.

 

ACCOMMODATION

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

 

TERMS

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.

 

PLANNING

A variety of uses within Class A3 of the Town & Country (Use Classes) Order 1987.

 

RATES

Rateable Value: £47,250. We would recommend that interest parties make their own enquiries to the Local Rating Authority for verification purposes.

 

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred in the transaction.

 

VIEWING

Strictly by prior appointment through the Sole Agents, Wright Commercial.