Commercial Investment Shop With Office Suite In Barnstaple For Sale

Business description

Commercial investment for sale shop with two office suite over The premises comprise of a mid-terrace commercial property with the ground floor occupied by Warrens the bakery and covering an area of approximately 1095 sq.ft with the main retail shop of some 354 sq.ft with storage and staff rooms behind.

The upper floors are approached via a side alleyway and comprise a first floor self contained office with separate cloakroom and a second floor self contained office. These floors are currently offered with vacant possession but have in the past been occupied by office users and could easily be let for commercial use, but have potential for conversion to residential apartments, subject to the necessary planning consents.

We are offering the property as in investment with the ground floor let to Warrens the bakery on the basis of a 9 year Lease commencing March 2007 to March 2016 at a current passing rental of £15,000 p.a. The upper floors are vacant.

Property information

Property:

Freehold

Location:

In a busy trading position close to the town cinema in Boutport Street in the very centre of town. The property adjoins a fashionable cake shop on one side and a fishing tackle and accessories shop on the other and nearby traders include charity shops, specialist retail outlets and the property is not far from the southern junction of Boutport Street and the main high street.

Barnstaple is considered North Devon's main commercial centre having a population in the region of 27,500 inhabitants. The town serves the surrounding rural hinterland and villages with a population of approximately 120,000 inhabitants.

Premises details:

Large Retail Premises with Bakery
Two self contined Office Suites over both vacant