Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Barnstaple is a popular North Devon town with a population of 28,000 which is swelled by the influx of tourists during the summer months. The property is prominently located in the heart of the town centre directly opposite Barnstaple Museum and Long Bridge. The surrounding area provides a busy leisure and tourist location with a number of bars, restaurants and hotels in the immediate vicinity.
Freehold.
Barnstaple is a popular North Devon town with a population of 28,000 which is swelled by the influx of tourists during the summer months. The property is prominently located in the heart of the town centre directly opposite Barnstaple Museum and Long Bridge. The surrounding area provides a busy leisure and tourist location with a number of bars, restaurants and hotels in the immediate vicinity.
Freehold.
The property comprises an attractive four storey building providing a ground floor restaurant together with four flats on the upper floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an attractive four storey building providing a ground floor restaurant together with four flats on the upper floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 119.61 |
(1,287) |
SCOFFS ORIGINAL LIMITED with a personal guarantee t/a Scoffs Fish and Chips |
21 years from 01/03/2016 until 27/02/2037 |
£25,000 |
01/03/2026 and 5 yearly |
| First (Flat 3) | 3 bedroom flat | 93.00 |
(1,001) |
INDIVIDUALS | AST from 28/08/2021 until 27/02/2022 (currently holding over) |
£8,400 |
|
| First/Second (Flat 4) | 1 bedroom flat | 56.00 |
(602) |
INDIVIDUAL | AST from 01/01/2013 until 30/06/2013 (currently holding over) |
£6,000 |
|
| Second/Third (Flat 1) | 2 bedroom flat | 94.00 |
(1,011) |
INDIVIDUAL | AST from 01/04/2018 until 30/09/2018 (currently holding over) |
£7,740 |
|
| Second (Flat 2) | 2 bedroom flat | 97.00 |
(1,044) |
INDIVIDUAL | AST from 15/01/2021 until 14/07/2021 (currently holding over) |
£8,700 |
|
| Total | 459.61 |
(4,945) (1)(2) |
£55,840 (3) |
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) The residential floor areas stated above are those published within the EPC's.
(3) The residential rents stated above have been annualised.
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.
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.
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?
