42 High Street Barnstaple Devon EX31 1BZ

  • 42 High Street<br>Barnstaple<br>Devon<br>EX31 1BZ

42 High Street
Barnstaple
Devon
EX31 1BZ

Prime High Yielding Retail Investment with First Floor Development Opportunity

  • Shop let to Waterstones Booksellers Limited
  • Shop lease renewed in 2020 (Previous rent £79,000 pax)
  • Vacant first floor with separate entrance from front (1,170 sq ft)
  • Potential to convert first floor to 1 x 2 bed and 1 x 1 bed flats (subject to consents)
  • Prime trading location between the two entrances to Green Lanes Shopping Centre
  • Nearby retailers include Primark, Superdrug, Boots the Chemist, JD Sports, Costa Coffee, WHSmith and Next
  • Lot
    9
  • Auction
    16th February 2023
  • Rent
    £65,000 per Annum Exclusive
    plus Vacant first floor
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Prime High Yielding Retail Investment with First Floor Development Opportunity

  • Shop let to Waterstones Booksellers Limited
  • Shop lease renewed in 2020 (Previous rent £79,000 pax)
  • Vacant first floor with separate entrance from front (1,170 sq ft)
  • Potential to convert first floor to 1 x 2 bed and 1 x 1 bed flats (subject to consents)
  • Prime trading location between the two entrances to Green Lanes Shopping Centre
  • Nearby retailers include Primark, Superdrug, Boots the Chemist, JD Sports, Costa Coffee, WHSmith and Next
  • Lot 9
  • Auction 16th February 2023
  • Rent £65,000 per Annum Exclusive plus Vacant first floor
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail, Residential, Development
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
38 miles north-west of Exeter, 45 miles west of Taunton
Roads
A39, A361, A377, M5 (Junction 27)
Rail
Barnstaple Railway Station
Air
Exeter International Airport
Situation

The property is situated in the heart of the town centre, between the two entrances to Green Lanes Shopping Centre which benefits from over 400 car parking spaces. Nearby retailers include Primark, Superdrug, Boots the Chemist, JD Sports, Costa Coffee, WHSmith and Next.

Tenure

Freehold.

Location
Miles
38 miles north-west of Exeter, 45 miles west of Taunton
Roads
A39, A361, A377, M5 (Junction 27)
Rail
Barnstaple Railway Station
Air
Exeter International Airport
Situation

The property is situated in the heart of the town centre, between the two entrances to Green Lanes Shopping Centre which benefits from over 400 car parking spaces. Nearby retailers include Primark, Superdrug, Boots the Chemist, JD Sports, Costa Coffee, WHSmith and Next.

Tenure

Freehold.

Description

The property comprises a well configured shop arranged on the ground floor with a first floor separately accessed from the front. The property benefits from rear access for servicing.

VAT

VAT is applicable to this lot.

Planning

The vacant first floor might lend itself to alternative use including residential, subject to obtaining the necessary consents. For all enquiries please contact North Devon Council (www.northdevon.gov.uk) (Telephone Number: 01271 327711)

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a well configured shop arranged on the ground floor with a first floor separately accessed from the front. The property benefits from rear access for servicing.

VAT

VAT is applicable to this lot.

Planning

The vacant first floor might lend itself to alternative use including residential, subject to obtaining the necessary consents. For all enquiries please contact North Devon Council (www.northdevon.gov.uk) (Telephone Number: 01271 327711)

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x.
Ground Retail/Ancillary
237.45
(2,556)
 WATERSTONES BOOKSELLERS LIMITED (1) (t/a Waterstones) 5 years from 16/01/2020
£65,000
First Former Retail
108.69
(1,170)
 VACANT (2) -
-
Total  
346.14
(3,726)
    
£65,000

(1) Waterstones trade from over 280 bookshops in the UK (www.waterstones.com)
(2) See Planning

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Devonshires Solicitors 30 Finsbury Circus
London
EC2M 7DT
Dan Moan 020 7880 4336dan.moan@devonshires.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?