Asking price

£120,000

Butchers Row, Barnstaple, Devon, EX31

Retail for sale

Retail, Shop, Catering, Other Business

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Tony Foster

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Property Description

LOCATION
The business is located in the famous Grade II listed Butchers Row which is a parade of shops opposite Barnstaple's popular Pannier Market, in the heart of the town.
All of the shops face North keeping all the produce cool and selling agricultural goods including a Bakery, Delicatessen, Butchers and Cafes. Barnstaple in recognized as North Devon's regional centre having a population in the region of 35,000 inhabitants and serving the surrounding rural hinterland with a population in excess of 120,000 inhabitants.
The Council have plans to rejuvenate Butchers Row and the Pannier Market with a walkway from Queen Street Car Park, the largest in the town, directly into Boutport Street and Butchers Row.
This will greatly enhance pedestrian flow and numbers entering the centre or the town via this route.

THE PROPERTY
We are offering the sale of the lease of this lock-up shop which has approximately 585 sq ft of retail space.
The property is a Grade II Listed building located in a conservation area.

TENURE
The two premises are held on a leasehold agreement from the 1st of July 2019 to the 30th June 2022.
The business is available for an ingoing premium of: £120,000 plus a rental of £12,525 per annum.
It should be noted that the Butchers Row premises are held on a lease from the North Devon District Council on favourable terms.
A copy of the lease is available at the offices of Webbers Commercial for inspection as is a copy of the licence.
An ingoing tenant will need to provide the usual bank and trade references for Landlords approval.

THE PROPOSAL
Our client has established a thriving cheese delicatessen and has built up an excellent reputation.
The business has excellent local support with the added bonus of an influx of holiday makers from April onwards and massive Christmas trade.
The owner has built a strong foundation of providing high quality food giving prospective purchasers a very strong basis to develop and grow the business.

THE BUSINESS
Genuine retirement sale after 8 happy years. Specialising in local artisan and handmade fine foods the business offers a wide range of products including over 120 cheeses, Italian & Spanish charcuterie and a selection of meats, pies, pasties, pork pies, tarts plus their award winning scotch eggs, quiches and sausage rolls cooked daily on the premises.
The business benefits from a premises licence with many local brews, ciders, ales and wines focusing mainly on a local range.
They also stock sweet treats from cakes and bakes to local biscuits, fudge and chocolate treats.
They have a fabulous and ever popular oil and vinegar bar where they mix their own selections for you and encourage customers to come back for refills which proves very popular.
In addition to this, there is a small giftware selection which includes wicker baskets and hampers and lovely locally sourced chopping boards made for them, food hampers made to order is also part of the business.
Opening 5 days a week in the winter, the shop turnover for the year ending 31st March 2020 is £226,261.
Audited accounts will be made available to those interested parties who have inspected this profitable business.

Key Information

Tenure:

Leasehold

SERVICES:

Mains electricity, water and drainage.

VIEWING:

Strictly by appointment through the selling agents.

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