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Town Centre Shop Unit For Sale

Barnstaple, Devon, UK
Asking Price:
£8,000
Turnover:
Not applicable
Net Profit:
Not applicable

An excellent opportunity to lease a modern ground floor shop unit in a convenient and well-positioned trading location close to Barnstaple town centre.

The premises form part of a modern parade and benefit from a step rent incentive, making this an attractive and affordable entry point for new or expanding businesses.

The unit offers well-proportioned retail space with additional rear storage and the benefit of a private parking space, making it suitable for a wide variety of retail or service-based uses, subject to planning consent.

Property Information

Property:

Leasehold

Lease Terms:

New 5 year lease with a 3 year break clause on full repair and insuring terms at a step rent incentive - Year 1: £8,000 rental per annum, Year 2: £9,000 rental per annum & Year 3: £10,000 rental per annum thereafter. All rental prices plus VAT. An incoming tenant will be asked to provide proof of ID, proof of funds, two trade/professional references and CV all for Landlord's approval. There is also a yearly building insurance charge of £264.

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.

BUSINESS RATES
£7,500 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above.
The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website.
Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.

VAT
We understand that our client has opted to charge VAT. All interested parties should make their own enquiries of HMRC.

SERVICES AND UTILITIES
Mains electricity, water and drainage.

Leasehold Rent:

From £8,000 per annum (Year 1) per annum

Lease Rent:
per sq ft per annum
Location:

Situated close to the Bus Station and one of the main approach roads into Barnstaple town centre. The premises are within easy reach of the main town centre car park providing approximately 235 spaces.

The surrounding area is occupied by a mix of independent retailers, cafés, offices, hairdressers, art galleries and takeaways.

Premises Details:

Ground floor retail area of approximately 558 sq ft

Rear stock room of approximately 120 sq ft

WC facilities

One allocated parking space to the rear

Size in square feet:
Approximately 678 sq ft in total
Planning Consent:

Existing retail use
Prospective tenants to make their own planning enquiries

Energy Performance Rating:
D

Business Operation

Expansion Potential:

Flexible retail space suitable for a range of uses, subject to planning and landlord consent.

Competition / Market:

Located within a mixed-use parade with complementary traders; proposed use must not conflict with existing occupiers.