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Town Centre Suite With 20 Offices In Barnstaple For Sale

Barnstaple, Devon, UK
Asking Price:
£20,000
Turnover:
Not applicable
Net Profit:
Not applicable

Grade II listed Barnstaple town centre office suite to rent with valuable secure parking, 20 offices over 3 floors.

New lease available.

Initial rent free period may be considered.

Car spaces available to rear if required for added rent.

The accommodation briefly comprises:

Ground floor
1,410 sq ft

First floor
1,528 sq ft

Second floor
1,367 sq ft

Attic
With storage area.

Outside
Car spaces available to rear if required for an additional cost.

EPC Exempt

Property Information

Property:

Leasehold

Lease Terms:

A new FRI Lease is available for a term of years to be agreed.
Rental of £20,000 per annum.

A rent free period would be considered, subject to Landlords approval.

A new tenant will need to provide acceptable trade/professional references for Landlord's approval as well as bank statements and proof of ID.

BUSINESS RATES
£40,000 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

SERVICES AND UTILITIES
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

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:

£20,000 per annum

Location:

In a very convenient town centre location close to the junction of Boutport Street and Joy Street the premises are within level walking distance of all town centre amenities.
Businesses nearby include hairdressers, restaurants and retail outlets.

Barnstaple is considered North Devon's premier commercial centre, having a population of approximately 35,000 inhabitants and serving the surrounding rural hinterland of a population in excess of 127,000 inhabitants.

With excellent rail links, the regional branch line of Exeter and is easily accessible via the North Devon Link Road from Junction 27 of the M5 motorway.