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EXCELLENT HIGH STREET RETAIL PREMISES FOR SALE OR LET

 

                                                                                                                                     15 HIGH STREET

                                                                                                                 BARNSTAPLE, NORTH DEVON EX31 1BG

 

RENT: £21,000 P.A.X

PRICE: £249,000 FREEHOLD

 

* Excellent High Street Premises * Amongst National Retailers *

* C. 1,000 sq ft retail sales plus 2 upper floors storage/offices *

* High volume passing/chance trade *

 

LOCATION

Barnstaple is a busy regional market town and North Devon’s commercial and administrative centre. It has a population circa 47,000 but has an estimated catchment population of over 140,000. 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 retail premises. Nearby National occupiers include Tesco, Edinburgh Woollen Mill, Holland & Barrett, Boots, Fat Face, Joules etc.

 

ACCOMMODATION

The premises are arranged as a ground floor split level retail unit with 2 upper floors as storage, office, kitchen, toilet etc. Rear yard. The premises benefits from the following approximate dimensions and areas:-

 

Gross Frontage                         16’7                     5.1m

Net Frontage                             14’6                      4.4m

Ave Internal Width                    15’7                      4.8m

Shop Depth                                69’                       21m

Ground Floor Sales                   990 sq f t              91.9 sq m

First Floor                                  940 sq ft                87.3 sq m

Second Floor                             230 sq ft                21.3 sq m

 

TERMS

The property is available to purchase at £249,000 for the freehold interest or by way of a new FRI lease term at a commencing rent of £21,000 p.a.x

 

PLANNING

A variety of uses within Class A1 of the Town & Country (Use Classes) Order 1987.

 

RATES

Rateable Value: £21,000. 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.