Mill Street, Bideford, Devon, EX39

LOCATION
In the heart of Bideford next door to the Co-Op supermarket, this property is ideally placed for passing trade.
The premises are opposite a mobile phone retailer and close to nearby traders including W H Smith, a butchers, sweet shop and greengrocers. Mill Street is favoured as the main retail street that connects the High Street to Bridgeland Street. Bideford is often referred to as 'The Little White Town' on the river Torridge and has a great maritime heritage. Ships still travel upstream to dock at the quayside and unload cargo.
The town has a resident population of around 12,000 inhabitants and serves the surrounding area including the villages of Instow, Northam, Appledore and Westward Ho! The nearby commercial centre of Barnstaple is located around 10 miles away.

THE PREMISES
This property has a small return frontage and double aspect windows onto Mill Street and offers around 275 sq ft of retail space plus a rear through hallway, kitchen and enclosed rear yard with outside lean-to cloakroom.

TENURE
The Landlord has engaged the services of Webbers Commercial to find a new tenant.
A brand-new lease on FRI Terms is available at a commencing rent of £6,500 per annum exclusive.
An incoming tenant will need to provide the usual bank and trade references plus proof of ID and proof of funds.

BUSINESS RATES
£8,200 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.