Ground Floor Lock Up Shop For Sale

Property Information

Property:

Leasehold

Lease Terms:

New Full Repairing and Insuring (FRI) lease.
Asking rent: £5,000 per annum.
Incoming tenant responsible for all outgoings including business rates (currently exempt) and contributions towards water and insurance.
Landlord approval subject to proof of ID, proof of funds, two trade/professional references and CV.

SERVICES
Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

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 agents.

RATEABLE VALUE
£4,600 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for small businesses (properties with a Rateable Value below £51,000) and 48.0p for standard commercial properties.
The Rateable Value figure has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should make their own enquiries with the Valuation Office Agency or via the GOV.UK website to confirm the current Rateable Value and applicable multiplier.
Small Business Rate Relief (up to 100%) may apply where the Rateable Value is below £12,000, subject to eligibility and local authority assessment.

LEGAL ADVICE
We strongly recommend that a tenant 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 tenant 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 tenant’s responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.

Leasehold Rent:

£5,000 per annum per annum

Location:

The property occupies a prime position in the popular Newport area of Barnstaple, fronting a busy route into the town centre.
Nearby amenities include Park School, Newport Community School and Rock Park gardens. The surrounding area is well served by local businesses including a hairdresser, greengrocer, convenience store, pub and Indian restaurant.

Barnstaple is North Devon’s principal commercial centre with a population of approximately 35,000, serving a wider catchment of around 137,000 people.

Premises Details:

Ground floor lock-up retail unit.

Approx. 430 sq ft of ground floor retail space.
Double-fronted display with prominent corner return frontage.
Rear stockroom.
Separate staff cloakroom.

Energy Performance Rating: C

Size in square feet:

Approximately 430 sq ft

Planning Consent:

Existing retail use. Any alternative use subject to necessary planning consent.

Energy Performance Rating:

C

Business Operation

Expansion Potential:

Potential for alternative uses or reconfiguration, subject to necessary planning consent.

Competition / Market:

Surrounding local independent retailers and service businesses.