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Barnstaple Town Centre Investment Takeaway For Sale

Barnstaple, Devon
Asking Price:
£130,000
Turnover:
Not applicable
Net Profit:
Not applicable

We are acting on behalf on the Landlord who has let the ground floor lock-up premises as a takeaway on the residue of a 20 year lease (15 years remaining) at a current rent of £10,000 per annum. We understand the rent review pattern is every 5 years and the lease is based on full repair and insuring terms. A copy of the lease is available for inspection at the agent's offices. This investment opportunity provides a guaranteed income from this ground floor lock-up unit. The purchase price is for the Ground Floor which is on a 999 year lease from September 1998.
EPC Rating C.

Property information

Property:

Leasehold

Lease Terms:

On the residue of a 20 year lease at a current rent of £10,000 per annum. We understand the rent review pattern is every 5 years and the lease is based on full repair and insuring terms.

Leasehold Rent:

£10,000 per annum

Location:

The subject premises occupy a secondary trading position, opposite the junction of Boutport Street and Bear Street, adjoining Bond Oxborough Phillips Estate Agents on one side and Midwinter Koval Letting Agents on the of the side, opposite Staggs Estate Agents and close to the Queen's Theatre. Therefore the property is in a highly visible and convenient location. Barnstaple is considered North Devon's premier commercial centre having a population in excess of 35,000 inhabitants and serving a rural hinterland with a population in excess of 130,000 inhabitants.

Energy Performance Rating:
C  View EPC Graph for this property

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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