About this property
Centrally set in a prime trading position, located close to the popular Queens Theatre, within North Devon's Regional Centre, is this ground floor commercial investment property (currently with a retail area, lobby/hallway, preparation area and kitchen, along with a cold room, rear hallway and toilet). EPC C 66
Barnstaple, is North Devon's capital town, situated on the banks of the River Taw and houses the areas main shopping business, and commercial venues. The A361/ North Devon Link Road leads through to junction 27 of the M5 providing access to the national motorway network. Within a short drive are some of North Devon's excellent range of golden sandy beaches, whilst Exmoor National Park is just a comfortable drive away.
Set within a secondary trading position, opposite the junction of Boutport Street and Bear Street, close to the Queens Theatre, a Wetherspoons pub, and just a short distance from the Green Lanes Shopping centre, the premises are located in a convenient and highly visible location, with a good passing footfall.
THE PROPOSAL: We act on behalf of the landlord, who has let the ground floor lock-up premises as a fast food takeaway, on the residue of a 20 year lease (a copy of the lease document is available for inspection at the agents offices), at a current rental figure of £10,000 per annum. We are advised that the rent review pattern is every 5 years, and that the lease is based on full repair and insuring terms.
The purchase price is for the ground floor accommodation, which is held on the balance of a 999 year lease, dating from September 1998.
This investment provides guaranteed income from this ground floor lock up unit, for the duration of the current lease, which extends to 5th April, 2031
Briefly comprises Main takeaway area, lobby/hallway/office area, preparation area with kitchen, along with a cold room, rear hallway and toilet.
Mains gas, electricity water and drainage.
DIRECTIONS: The property is located just to the right-hand side of the Queens Theatre in Boutport Street, and is opposite the lower end of Bear Street in Barnstaple.
17 The Quay Bideford Devon EX39 2EN
Monday - Friday 9.00am - 5.30pm
Saturday 9.00am to 1.00pm
(other times are available by appointment)