MapOffers in excess of
£199,950Shop for sale
High Street, Barnstaple, Devon, EX31
Featured
Shop
Features and description
- Tenure: Freehold
- Business unaffected
- Barnstaple High Street Investment
- Busy location for passing trade
- Opposite Primark
- Circa 1,939 sq ft plus rear stock room
- Three storage rooms and cloakroom over
- Currently let on a three year lease
- Planning permission has been granted to convert part of the rear of the property to a 2 bedroom house and the upper floors to 2 residential 2 bedroom apartments.
- Services: All mains connected
LOCATION
Situated in a busy High Street trading location close to Iceland, opposite Primark also adjoining The Cork & Bottle Public House and is therefore ideally placed for passing trade. Nearby is Green Lanes Shopping Centre and all High Street shops and amenities being on hand. A few hundred yards away the Cattle Market Public Car Park is one of the largest public car parks in the town and is accessed off Tuly Street and Gammon Walk.
Barnstaple has recently benefitted from the government town centre investment scheme which has enabled the North Devon Council to put forward plans to enhance Butchers Row and the Pannier Market which is envisaged will increase pedestrian flow into the town centre. Barnstaple has a population of around 35,000 inhabitants plus the surrounding rural hinterland of about 127,000 inhabitants. It is the main commercial hub of North Devon offering a large and diverse assortment of local and national retailers. The town also has a theatre, cinema and leisure centre. There are good road links via the North Devon Link Road to junction 27 of the M5 Motorway and the town has a regional railway station connecting to the national branch line at Exeter.
THE PREMISES
Webbers Commercial are acting for the vendors in selling this large retail store.
The shop has an internal frontage of 22 feet which widens to 26 feet and an internal depth of about 80 feet.
In all around 1,939 square feet of retail space. There is a stock room beyond and to the first floor three further store rooms and staff cloakroom.
The rear ground floor has a pedestrian access over a private car park but there is no parking with the property.
There are plans drawn up to convert the upper floors to residential subject to planning permission.
TENURE
We are selling the freehold interest subject to a short term lease. In 2023 Webbers Commercial let the premises as a second hand furniture store to a local retailer at a stepped rent.
The internal repairing and insuring lease is dated from the 27th April 2023 for a period of three years with a tenants break clause after 18 months.
Rent for year one £10,000 per annum, year two for £15,000 per annum and year three for £20,000 per annum.
A copy of the existing lease is available upon request to seriously interested parties. The business is operating and trade is unaffected by this sale.
DEVELOPMENT POTENTIAL
There are plans available to convert part of the rear of the property to a 2 bedroom house and the upper floors to 2 residential 2 bedroom apartments. Plans available for inspection with Webbers Commercial.
Planning Permission for Rear Cottage Ref Number 74791 dated 25 May 2022. Planning Permission for Upper Floors 2 flats Ref Number 74819 dated 26 May 2022. Planning Authority North Devon District Council.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
SERVICES
All mains connected.
BUSINESS RATES
£33,000 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
From our Webbers offices in Boutport Street, Barnstaple proceed on foot to the right and walk down Butchers Row, at the end of the road turn right again onto the High Street. Continue on for 150 yards and this property can be found just opposite Primark.
Situated in a busy High Street trading location close to Iceland, opposite Primark also adjoining The Cork & Bottle Public House and is therefore ideally placed for passing trade. Nearby is Green Lanes Shopping Centre and all High Street shops and amenities being on hand. A few hundred yards away the Cattle Market Public Car Park is one of the largest public car parks in the town and is accessed off Tuly Street and Gammon Walk.
Barnstaple has recently benefitted from the government town centre investment scheme which has enabled the North Devon Council to put forward plans to enhance Butchers Row and the Pannier Market which is envisaged will increase pedestrian flow into the town centre. Barnstaple has a population of around 35,000 inhabitants plus the surrounding rural hinterland of about 127,000 inhabitants. It is the main commercial hub of North Devon offering a large and diverse assortment of local and national retailers. The town also has a theatre, cinema and leisure centre. There are good road links via the North Devon Link Road to junction 27 of the M5 Motorway and the town has a regional railway station connecting to the national branch line at Exeter.
THE PREMISES
Webbers Commercial are acting for the vendors in selling this large retail store.
The shop has an internal frontage of 22 feet which widens to 26 feet and an internal depth of about 80 feet.
In all around 1,939 square feet of retail space. There is a stock room beyond and to the first floor three further store rooms and staff cloakroom.
The rear ground floor has a pedestrian access over a private car park but there is no parking with the property.
There are plans drawn up to convert the upper floors to residential subject to planning permission.
TENURE
We are selling the freehold interest subject to a short term lease. In 2023 Webbers Commercial let the premises as a second hand furniture store to a local retailer at a stepped rent.
The internal repairing and insuring lease is dated from the 27th April 2023 for a period of three years with a tenants break clause after 18 months.
Rent for year one £10,000 per annum, year two for £15,000 per annum and year three for £20,000 per annum.
A copy of the existing lease is available upon request to seriously interested parties. The business is operating and trade is unaffected by this sale.
DEVELOPMENT POTENTIAL
There are plans available to convert part of the rear of the property to a 2 bedroom house and the upper floors to 2 residential 2 bedroom apartments. Plans available for inspection with Webbers Commercial.
Planning Permission for Rear Cottage Ref Number 74791 dated 25 May 2022. Planning Permission for Upper Floors 2 flats Ref Number 74819 dated 26 May 2022. Planning Authority North Devon District Council.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
SERVICES
All mains connected.
BUSINESS RATES
£33,000 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
From our Webbers offices in Boutport Street, Barnstaple proceed on foot to the right and walk down Butchers Row, at the end of the road turn right again onto the High Street. Continue on for 150 yards and this property can be found just opposite Primark.
Rooms
Ground Floor
Shop 6.55m x 24.38m
With security internal grill, double frontage windows, electric meter and changing alcove. With door to the rear.
Ground Floor Stock Room 5.13m x 3.86m
First Floor
Stock Room One 8.3m x 7.98m
Store 3.25m x 3.05m
Staff Cloakroom
Stock Room Three 6.4m x 5.05m
With low ceiling of only 5'8" entrance to roof void attic above.
Second Floor
Loft Room
Limited height access.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
£33,000 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
Property information from this agent
About this agent
Established in 1924, Webber's estate agents are a national award-winning, independent estate agency, voted in the Top 3 estate agents in the UK for customer service in 2014. We have 16 West Country offices for residential sales & lettings in North Devon, West Somerset, Exmoor and Cornwall. Our exclusive Fine & Country marketing enables us to put our property in Park Lane, right in the heart of London, offering fabulous market exposure. In addition, with specialist departments for Commercial Property, Survey & Professional and New Homes, we deliver a comprehensive property service, with an enviable reputation as professionals in property, the leading Barnstaple estate agents. The town of Barnstaple is situated on the banks of the River Taw and is surrounded by stunning countryside and coastline with some of the most popular beaches in the UK. The town is the commercial heart of North Devon and offers shopping centres and national stores alongside family businesses, including the famous Pannier Market, giving visitors a real mix and variety. The villages surrounding the town have differing styles of property with each village offering something unique to prospective buyers and, with excellent transport links and schools, Barnstaple remains one of the most popular locations in the South West.