No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£250,000
Added > 14 days

Property for sale

Boutport Street, Barnstaple EX31
Auction
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Property
0 bed
0 bath

Property description & features

  • Tenure: Freehold
  • Town Centre Investment Opportunity
  • About 6,000 sq ft.
  • Ground Floor Let
  • First Floor Nightclub Vacant
  • 2nd Fllor Large 2 Bed Flat Vacant
  • Income was £45,000
A great investment opportunity in this busy town location, close to the High Street and Market Quarter Project which is upgrading the covered historic victorian Pannier market, renovating a number of premises in Boutport Street and also upgrading the Queen Steet Car Park area.

These premises are set over 3 floors and are about 6,000 sq feet in total.

THE GROUND FLOOR is let to a quality tenant, year 3 of a 5 year lease, having been in situ for about 12 years - Business not effected.

THE FIRST FLOOR is empty having been in the past a snkker hall and night club.

THE SECOND FLOOR is also vacant being a large flat with 2 double bedrooms, etc.

When last fully let the whole was bringing in a gross rent of about £45,000 per annum.

AUCTION, UNLESS SOLD, date to be announced.

BARNSTAPLE, the ancient borough and administrative centre for North Devon is set towards the mouth of the river Taw and has around 40,000 permamant inhabitants including surrounding villages.

In the summer months, as the area is a popular holiday destination primarily for its beaches with surfing and championshsip golf courses but also the Exmoor National Park and other facilities.

Woolacombe is 14 miles, Bideford 9 miles with a stunning varied coastline stretching between them through Instow to Saunton, Croyde and Putsborough with South Molton some 12 miles to the east and Torrington 14 miles south.

An exceptional opportunity to acquire a freehold commercial premises close to the new town centre redevelopment which is now in a forward state and within a few hundred yards of the town's high street, car park and river Taw quay.

These town centre premises are arranged over three floors next to a busy road junction in the town the ground floor is let on the balance of a five year lease, having been running for over 15 years, with the floor over being vacant and previously used as a night club with a spacious two-bedroom flat on the second floor.

The premises are approximately 6,000 square feet in total. Ground floor about 1700 ft², first-floor around 3350 ft² and second floor around 1000 ft².

Offers are invited for the freehold in the region of £250,000 prior to auction/tender unless sold.

The premises are in close proximity with the Queens Theatre with a wide variety of other facilities JD Wetherspoon's, various pubs clubs and eating houses with the Pannier Market, Barclays Bank, a Cinema, the main bus terminal, a municipal car park and of course the well advanced redevelopment of the town centre.

Ground floor - currently let to Coral bookmakers at £22,500 per annum, currently on a five year lease starting 2022 and having been in situ for 12 years

First-floor - currently a vacant club
.
Second floor - currently a vacant flat with two double bedrooms, kitchen, large living room and bathroom

Floor Plan for identification only - not to scale

Property information from this agent

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    As a firm we can trace our roots back over 100 years and during this time we have dealt with the sales of thousands of homes, rural properties, farms, and land. We have 3 prominent offices in Barnstaple, Braunton and Bideford that cover the whole of the North Devon area. With our traditional estate agency values combined with the most comprehensive online coverage you can be assured of attaining the best possible price for your property. If you’d like to contact a member of the team personally, please don’t hesitate to email or give us a call.

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