Bear Street, Barnstaple, Devon, EX32

LOCATION
In a convenient town centre location close to the junction of Boutport Street and Bear Street the premises are within level walking distance of all High Street amenities and the large Queen Street car park.
The premises adjoin on one side a cafe and below is the Tarka Bookshop.
In the vicinity there are various other retailers including an opticians, restaurants, general stores, estate agencies etc.
Barnstaple is recognised as North Devon's regional commercial centre with a population of approximately 35,000 inhabitants serving a rural hinterland with a population in excess of 127,000 inhabitants.

THE PREMISES
The premises comprise of a character mid-terrace commercial property located within a conservation area.
This is a well presented and modernised first floor office suite with an open plan reception, 4 offices, kitchenette and cloakroom.
There is gas fired central heating.
The premises offer around 750 sq ft of space and is ready to move into.

TENURE
The premises are offered on the basis of a brand new lease for a term of years to be agreed (a 10 year lease is preferable) on full repairing and insuring terms at a commencing asking rental of £9,600 per annum.
Webbers Commercial are acting for the landlord to find a tenant/tenants.
An incoming tenant will need to provide the usual 3 months bank statements, 2 trade/professional references for landlord's approval and proof of ID.

BUSINESS RATES
£6,200 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.